I know, I know, it’s a cliché but it is actually true in this case.
When I wrote in my last post about the Republican leaders attempts to give President Barack Obama a bloody nose, I should have peered over their shoulders.
If I had stretched a little, I would have seen Standard & Poor hovering behind them.
The move by S&P to drop U.S. government debt from AAA to AA+ has dealt President Obama’s re-election hopes such a hefty blow.
I am sure would-be presidential hopefuls must be rubbing their hands with glee.