capacity to meet commitments. what does the downgrade mean for the american people. steve moore. i have to say that the number one worry on people's mind, how will we feel the down depraid? >> it is a black eye for america's position in the global economy. you mentioned countries that are in our country as double a. this does not mean that america is a double a country. we are still triple a. who cares what s&p rates us. they don't have the greatest record for rating companies or debt. they gave triple a bond ratings to the subprime bond mortgages a week before the crash. the whole episode is not just the last couple of weeks but last five years when we have almost doubled the national