President Joe Biden has made attacking what he calls the 'ultra-MAGA' economic platform a core pillar of his 2024 reelection pitch, and Fitch Ratings's recent downgrade directly pours gasoline on that fire.
President Joe Biden has made attacking what he calls the"ultra-MAGA" economic platform a core pillar of his 2024 reelection pitch, and Fitch Ratings's recent downgrade directly pours gasoline on that fire.
The president is currently vacationing in Rehoboth Beach, Delaware, but senior administration officials and the president's private sector allies have used the downgrade as an opportunity to blame the downgrade on Republicans. White House press secretary Karine Jean-Pierre claimed that Fitch's decision"defies reality," even as"President Biden has delivered the strongest recovery of any major economy in the world.
"This is completely absurd," Furman tweeted Wednesday."And is more likely to show that Fitch is irrelevant to the views of investors in U.S. sovereign debt than it is to show investors anything about the United States." "This Trump downgrade is a direct result of an extreme MAGA Republican agenda defined by chaos, callousness, and recklessness that Americans continue to reject," campaign spokesman Kevin Munoz said in a statement."Donald Trump oversaw the loss of millions of American jobs, and ballooned the deficit with the disastrous tax cuts for the wealthy and big corporations."
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