(The Root) — Have you ever had one of those moments when, the second you finish answering a question, you realize, “Oh, crap, I’m going to pay for that one”? I have. The tough part, particularly in a hypercharged political environment, is cleaning it up (or, as we like to say in Washington, “walking back your remarks”) before your words take on a life of their own.
Such a moment occurred for President Obama when he uttered the words, “The private sector is doing fine.”
To make matters worse (or at least more difficult to walk back), within hours of the president’s declaration, the credit firm Standard Poor’s warned that our nation’s economic outlook remains negative, and therefore the long-term credit rating of the United States will remain an AA+, which ranks us on a par with Belgium.
That announcement is a cold reminder of Aug. 5, 2011. History books will