Detailed text transcripts for TV channel - CNN - 20110419:08:07:00
The white house is keying to downplay s&p's intervention saying that any warning should be taken in context. >> what the s&p analysis also said was that the american economy is strong. it's growing, diversified, dynamic. it continues to be the most important and most powerful economy in the world. as for its political analysis, we simply believe that the prospects are better. we think that the political process will outperform s&p expectations. >> but the man responsible for the u.s. outlook downgrade is skeptical about these kinds of claims, telling cnn that the political process has got a ve...
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