S&P Confirms What 82% of Public Already Knew: Washington Gridlock Has Failed America

Washington, D.C. – No Labels places the blame for today’s downgrade of America’s credit rating by Standard & Poor’s squarely on elected officials on both sides of the aisle who have been unwilling to compromise, put everything on the table and tackle the tough issues facing the nation.

According to a recent New York Times/CBS News Poll, a record 82 percent of Americans now disapprove of the way Congress is handling its job (New York Times, 8/5/11).

“Today’s downgrade makes it even harder to return America to economic growth and prosperity,” said Jonathan Miller, a No Labels Co-Founder. “With higher interest rates across the board, it will be more expensive for Americans to take out a mortgage, borrow for college or pay their credit card bills.”

“The inability of Washington elected officials to make the tough but necessary choices to put our nation on a sustainable fiscal path has shaken the stock market, harmed our already fragile economy, and now resulted in the first credit rating downgrade in the U.S. government's history," said Dave Walker, a No Labels Co-Founder. “Enough. Listen to America. Start making the tough choices necessary to restore fiscal sanity by promoting progress over partisanship and the greater good over the special interests.”

No Labels is a national citizens' movement of Republicans, Democrats and Independents that urges bipartisan cooperation in the interest of common sense solutions.

To arrange an interview with a No Labels Founding Leader, please contact Josh Zeitlin at press@nolabels.org or (202) 588-1990. To learn more about No Labels, please visit www.NoLabels.org.