Lincoln * Institute

Colin A. Hanna

Colin A. Hanna

President
Let Freedom Ring, USA

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Let Freedom Ring

LFR Launches 'Obama Downgrade' Campaign

by Colin Hanna
 

FOR IMMEDIATE RELEASE

August 5, 2011

CONTACT: Deborah Hamilton, Hamilton Strategies, 215.815.7716,

dhamilton@hamiltonstrategies.com

Let Freedom Ring Launches

"The Obama Downgrade" Campaign

Obama Owns the Downgrade for Three Years of Failed Economic Policies

Philadelphia, PA --

The U.S. credit rating downgrade, the first in American history that

Standard Poor' has just announced opened the doors to the newest

campaign from Let Freedom Ring at www.TheObamaDowngrade.com, which defines the downgrade as President Obama's. At the website, Americans are able to acquire the Obama Downgrade bumper sticker and tens of thousands are expected to

vote on whether WE should downgrade Obama after he downgraded US.

Colin Hanna, President of Let Freedom Ring, responded to this historic news saying:

"This is the first time in our nation's history that we have been downgraded, and the President owns it entirely. He refused to stop the spending and failed to address our looming debt crisis months ago, as a true leader would. He should accept responsibility for the downgrade, and show that he recognizes the seriousness of the situation by putting forth additional deficit reduction proposals that go beyond those in the deal signed earlier this week. That deal went only about half as far as the ratings agencies signaled that they thought necessary, but even more important was the lack of structural reforms. We believe that the Cut, Cap and Balance Act that included a Balanced Budget Amendment could have met Standard and Poor's criteria and avoided the downgrade. That bill passed the House of Representatives but was tabled in a cynical procedural move by Senate Majority Harry Reid, who now must accept some shared responsibility. If the President does not take immediate steps to restore our AAA credit rating, the Obama Downgrade will become a household

term and a major political issue in 2012."

###

To schedule interviews with Colin Hanna, President of Let Freedom Ring

, contact Deborah Hamilton, dhamilton@hamiltonstrategies.com, 215.815.7716,

Colin A. Hanna is President of Let Freedom Ring, a 501 (c)(4) public policy

non-profit organization committed to promoting Constitutional government, free

enterprise and traditional values.


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