John McCain: This is Obama’s downgrade, not the Tea Party’s

(By Ed Morrissey, Hot Air) - John Kerry went on 'Meet the Press' [yesterday] morning and called S&P’s action on American credit a “Tea Party downgrade.” The longtime Senator from Massachusetts insisted that the dysfunction in the government was the fault of small-government conservatives who refused to add revenue increases to a package of spending cuts that would have achieved a “grand bargain” satisfactory to S&P, Moody’s, and other bond-rating agencies. David Gregory’s next guest was Kerry’s Senate colleague John McCain, last heard castigating Tea Party activists as “Hobbits” who should “return to Middle Earth.” McCain’s tune has changed in the interim, however, as he rejected Kerry’s characterization of the downgrade and instead put it on the man who never had a plan:

Visit msnbc.com for breaking news, world news, and news about the economy