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No matter what some agency may say, we have always been and always will be a aaa country. >> under fire, standard & poor's released this statement saying that the change had to be made, and the downgrade reflects our view that the effectiveness, stability, and predictability of american policy making and political institutions have weakened a time of ongoing fiscal and economic challenges. this is a move that is spiking sharp criticism from the white house and beyond from the president challenging the analysis to what others call ta agency's less than stellar record in the financial crisis. >>...

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>> i think s&p's shown really terrible judgment. >> they've made a $2 trillion math error. >> s&p is wrong, totally, absolutely, wrong. >> president today aims to dismiss the s&p rating downgrade. >> what's the problem with the economy? >> robert reich joins me. >> the super rich have 40% of the nation's entire wealth. >> so pretty darn [ bleep ]. >> but how will watch get better? >> congress ultimately owns the credit rating. >> the house of representatives had a mandate. >> this is a tea party downgrade. >> pointing the finger at the tea party. >> if only the united states congress would tak...