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O’Malley Says Nation’s Credit Downgrade Understandable

August 9th, 2011 by WCBC Radio

Maryland Governor Martin O’Malley says the downgrade of the U.S. credit rating was not justified. The Democrat discussed the issue Sunday morning on ABC’s “This Week.” O’Malley called the downgrade a mistake, but he says the decision by the Standard & Poor’s credit agency was understandable. He says officials have been unable to come together on what he called “the most important issue facing our country,” which is job creation. O’Malley says creating jobs requires a balanced approach from both parties and blamed extremism in Washington — particularly “tea party obstructionism” — for bogging down the process. He also says that a modern economy requires modern investments to create jobs.

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