US Credit Rating Cut by Egan-Jones ... Again


Ratings firm Egan-Jones cut its credit rating on the U.S. government to "AA-" from "AA," citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country's credit quality.

The Fed on Thursday said it would pump $40 billion into the U.S. economy each month until it saw a sustained upturn in the weak jobs market. (Read more: Fed's 'QE Infinity' Four Things That Could Go Wrong)
King Obama's economic success:

Not just one, but TWO credit downgrades in a single term in office.