President Obama assured Americans today (Monday, Aug 8th) in a televised address that America has “always been and always will be a triple-A country.” However, in light of the credit rating agency, the Standard and Poor’s, recent downgrade of America’s credit to AA+, it is difficult to know what exactly the President means by this. The President’s meaning is further confused, even if it is taken symbolically, because of a previous statement to the nation during the height of the debt debate in Congress. In this televised address to the nation, President Obama makes the statement to the effect of a possible chance at losing the triple-A credit rating because, “we didn’t have a triple-A political system to match.”
So, evidently, we are not a triple-A country according to our credit worthiness, nor are we a triple-A country according to our political system. According to these two very telling criterion, one acknowledged by the leader of the country himself, and the other acknowledged by an independent reviewing agency, it is hard to be reassured by the President’s words.
The President goes on to say that America has some of the “best universities, some of the most productive workers, the most innovative companies, the most adventurous entrepreneurs on earth.” If this is what he means by “always been and always will be a triple-A country,” then unfortunately, this is not good enough nor will it solve our systemic problems. I believe the President meant that the American spirit will always remain WILLING to be triple-A, however, it takes a triple-A leader to corral the triple-A spirit and, hence, triple-A starts from the top down.