Turkey has been looking to shore up financing to help it rebuild its economy after devastating twin earthquakes in 2023 killed more than 53,000 people and cost the country north of $50 billion.
and frankly the s&p ratings agency knows that, too. the agency that downgraded the u.s. credit rating friday night sent over to the obama administration their press release explaining the downgrade they were about to do. this is the draft. we have the draft. this is the draft press release. this is not the final version, this is the early version that was obtained by politico,.com, we have a link to it on our website. the spoiler alert here if you read this is that the math here is wrong by $2 trillion. what they were initially going to use as their justification for downgrading the u.s. credit score was math that was really, really wrong, math that said, for example, that the u.s. didn t deserve to be alongside a country like france in having a aaa credit rating because our debt problem was so much worse than france s. once their math problem was pointed out to them that we re not in a worse situation than france, they just dropped that justification altogether and decided to downgrad
think he ll take them through to re-election. i don t think that s a winning strategy. it would be admitting like a mistake had happened. that he hadn t done a good job. right. so coming up, dana, we just do a little promotion here. we have the director of the s&p ratings agency john chambers who will be joining us just about 35 minutes from now at 7:45 a.m. i want to get your analysis for this. for about the last six to eight weeks, the democrats have been trying to compare president obama to president reagan. and i guess that the similarities there are on the oratory skills between president reagan and president obama. but when it comes to policy, they really don t share that many similarities, do they? certainly not on policies and not on approach. i m in the minority. i think that president obama s speech in 2004 at the convention was a barn burner, fantastic. who is this guy? his speeches recently have been