Turner, Weprin Trade Barbs On U.S. Credit Downgrade

Both sides blame the other for tough fiscal climate.

Both candidates in the Ninth District special election were trying to shore up their financial bonafides over the weekend, commenting on the S&P credit rating downgrade of the United States.

Unsurprisingly, Republican Bob Turner chose to blame Washington’s “tax, spend and borrow” policies, while the Democratic camp of David Weprin chose to hang the blame squarely on the Tea Party.

“This is a shot across the bow to U.S. lawmakers that the reckless spending and borrowing in this country must stop,” Turner said, via release. “Our political class has let the American people down by putting political interests over responsible governance. There can be no more kicking the can down the road in America; we must face our problems head-on in order to come out the other side.”

Turner, who spent much of his 2010 election bid touting his business-savvy, added that the nation’s leadership should now be focused on a “pro-economic growth agenda.”

Weprin’s campaign, on the other hand savaged the far right —specifically the Tea Party — saying the group went overboard in its zeal for spending cuts.

“Republican Tea Party extremists brought this upon the nation with their outrageous and irresponsible demands,” campaign spokeswoman Elizabeth Kerr wrote. “They held the world economy hostage to their demands to end Medicare and Social Security, and this downgrade is the consequence of their dangerous game that played chicken with the world economy.”

The statement also linked Turner with the Tea Party, though he has not received any official endorsement from any Tea Party organizations.

“Bob Turner's Tea Party allies forced this downgrade because they insisted on keeping in place tax subsidies for Big Oil and tax loopholes for billionaires,” the statement added.

Standard & Poor’s lowered the nation’s credit rating from the highest possible AAA rating to AA+, citing the intemperate climate in Washington as the reason for the downgrade. It was the first credit downgrade in American history.

The special election in the Ninth Congressional District will take place Sept. 13.

luigi August 07, 2011 at 07:34 PM
Standard and Poor's downgraded the U.S. creditworthiness because your President Liarbama refuses to stop spend money he does not have. When will Democrats wake up and realize you cannot spend more money than you have. Weprin is just another spend foolish Democrat that cannot say no to another giveaway. The economy will start improving once Bozobama gets his hands off the throats of the small businessman, stops the Justice Department from its' vigilante lawsuits against anti union state legislation and directs ICE to follow the immigration laws of the country.
Betty O'Keefe August 07, 2011 at 08:32 PM
I didn't have to read it. This manLuigi is indecent.
bradley weiss August 07, 2011 at 08:34 PM
Mr. Turner is correct in his assessment of the Standard and Poor downgrade. It's the out of control spending by Democrats in Washington that's driving our economy down and preventing an economic recovery. Blaming the tea party is a desperate attempt to deflect blame from where it truly belongs, Obama and his allies in Congress. Let's send a Republican to Washington to hopefully get us out of this mess.
luigi August 07, 2011 at 11:35 PM
Looks like someone needs touchy feely management
Tony Marano August 08, 2011 at 08:30 PM
Thanks to the urging of the GOP, the 2001 and 2003 tax cuts due to expire in 2012 will remain in place. President Obama has no choice but to yield to the GOP and their blackmail tactics. The GOP resists every measure that would raise revenues. And the downgrading of the United States credit rating ? Standard and Poor's analysts should be prosecuted for not downgrading sub prime mortgage based securities. Standard and Poor's also contributed to the financial collapse that has befallen this country by not downgrading sub prime mortgage based securities. Is there something wrong with this picture ? This pains me greatly to say, but if revenues do not go up, this country will be in the red for the nest twenty five years.


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