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Top Credit Rating Agency Warns Trump’s ‘Failure to Concede’ and GOP Voter Suppression Could Tank US AAA Status

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“Outlook Negative”

One of the “Big Three” credit reporting agencies that rate government bonds and securities on Tuesday issued a warning that the U.S. could lose its coveted AAA status over issues currently hanging over American democracy.

In a “rating action commentary” published just minutes after markets closed Fitch Ratings said it “has affirmed the United States’ Long-Term Foreign Currency Issuer Default Rating (IDR) at ‘AAA,'” but warned: “The Rating Outlook is Negative.”

Why?

In a word, Trump.

“The failure of the former president to concede the election and the events surrounding the certification of the results of the presidential election in Congress in January, have no recent parallels in other very highly rated sovereigns,” Fitch declared, explaining its negative outlook warning. “The redrafting of election laws in some states could weaken the political system, increasing divergence between votes cast and party representation. These developments underline an ongoing risk of lack of bipartisanship and difficulty in formulating policy and passing laws in Congress.”

Fitch also suggested it does not see President Joe Biden getting the support he needs from Congress to fully fund his American Jobs Plan and American Families Plan.

The ratings agency also praised President Biden.

“The economy has recovered much more rapidly than expected, helped by policy stimulus and the roll-out of the vaccination program, which has allowed economic reopening.”

And it cited as one of three possible reason for a downgrade, “A deterioration in governance quality that undermines the integrity of the U.S. political system, with potential negative implications for the effectiveness of the government and institutions in managing the economy and absorbing adverse shocks.”

CNN’s Jim Sciutto said in response to the news, “I don’t think Americans are aware of how much the assault on democracy frightens allies and cheers adversaries. US soft power is built on confidence in the system and that confidence – at home and abroad – has been shaken.”

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Dozens of House Republicans Refusing to Wear Masks March to Senate Side for ‘Taste of Freedom’

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After falsely blaming Speaker Nancy Pelosi for the newly-announced mask mandate on the House side of Congress, dozens of Republicans Thursday afternoon engaged in a performative protest, not against the coronavirus but against efforts to end the pandemic. What appeared to be 50 or so House GOP  lawmakers marched over to the Senate side of the Capitol Hill building for what one called a “taste of freedom.”

The Attending Physician of the United States Congress, following updated CDC guidance this week ordered anyone on the House side of the Capitol to wear a mask if in a group, regardless of vaccination status, but did not make the same order for the Senate side.

While Dr. Brian Monahan did not explain why the rules were different, at last cxount only about half of the Republicans on the House side have said they are vaccinated. Almost every Republican on the Senate side is. All Democrats on both sides are fully vaccinated. Dr. Monahan’s office announced fines and possible removal for repeat offenders.

Among those in the maskless pack making their way to the Senate side were Reps. Madison Cawthorn, Lauren Boebert, Louie Gohmert, Paul Gosar, Marjorie Taylor Greene, and Chip Roy.

Roll Call’s Chris Cioffi and The Hill’s Scott Wong posted video:

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Watch Live: Day One of the Historic January 6 House Select Committee Hearing

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It’s been 202 days since Donald Trump, then the President, incited the attack on the U.S. Capitol in an attempt to overturn a free and fair election. The January 6 insurrection, an act of domestic terrorism, an attempted coup, is one of the darkest days in American history.

At 9:30 AM Chairman Bennie Thompson (D-MS) will gavel in day one of the United States House Select Committee on the January 6 Attack, a bipartisan investigation into that dark day.

You can watch live below. The proceedings will also be carried and streamed on most major networks, including ABC, CBS, NBC, MSNBC, and CNN. Fox News is expected to have a degree of coverage.

Today’s hearing will feature testimony from four officers who defended members of Congress and the Capitol on January 6, or, as Chairman Thompson said, “frontline heroes who put their lives on the line to protect our democracy.”

Here are several feeds for you to watch live:

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‘It’s What Stupid People Do’: MSNBC’s Morning Joe Burns Kevin McCarthy for ‘Childish’ Games

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MSNBC’s Joe Scarborough ripped House minority leader Kevin McCarthy for making up “stupid” nicknames for a pair of Republicans who refuse to go along with Donald Trump’s election lies.

Reps. Liz Cheney (R-WY) and Adam Kinzinger (R-IL) were among 10 GOP lawmakers who voted to impeach Trump for his role in the Jan. 6 insurrection, and they will sit on the House panel investigating that assault on democracy — and McCarthy mocked them as “Pelosi Republicans.”

“It’s what stupid people do,” Scarborough said. “If you look at the facts, which Kevin McCarthy doesn’t ever do, Liz Cheney has like a 95 percent [American Conservative Union] rating, 95 percent conservative rating over the course of her career, which is actually my conservative rating, but what I found out a long time ago and Liz certainly has known for some time now, obviously, by saying what’s going on, this Republican Party, Donald Trump’s Republican Party doesn’t care about ideas, doesn’t care about ideology, doesn’t care about conservatism, it is disconnected from conservatism.”

“It’s all tribal,” he continued, “it’s all about voodoo in medicine, violence on Jan. 6, it’s all about covering up actually what Donald Trump is doing, and so Kevin McCarthy resorts to childish name calling for, again, I don’t know what Adam’s lifetime conservative rating is, but Liz’s is 95 percent, one of the more conservative members in the United States Congress, by the way, and so, that’s what they resort to. Why? Because that’s all they have. They don’t have the facts on their side, they don’t have history on their side, so all he can do is act like act like a 3-year-old, or Donald Trump, same thing, and just throw names around. So lots of luck with that.”

“It’s not going to change the fact that four police officers are going to talk about how they were brutalized and almost killed by Donald Trump supporters on Jan. 6, as they were trying to actually overthrow the government and commit sedition against the United States of America and stop the voting, which is constitutionally mandated, of the Electoral College voting,” Scarborough concluded. “But that’s the party that Kevin McCarthy will always be associated with. Lots of luck with that, buddy, lots of luck with that.”

 

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