Mere weeks after the nation’s largest credit ratings agency, Standard & Poor’s, downgraded our country’s credit rating from AAA to AA , Obama’s Justice Department, led by Attorney General Eric Holder, is investigating whether S&P improperly rated dozens of mortgage securities in the years leading up to the financial crisis.

According to anonymous sources, the investigation began before the credit rating downgrade (They probably knew what was coming).  However, this investigation will probably throw more logs onto the fire, of the attempt by the administration and their Democratic shills to burn S&P at the stake.

AG Eric Holder’s Justice Department has been looking into claims in which the company’s analysts wanted to award lower ratings on mortgage bonds but may have been overruled by other S.& P. business managers. If the government can come up with enough evidence to support such a case, it is likely to be tried in a civil court.

Ed Sweeney, a spokesman for S.& P., responded in an e-mail:

S.& P  has received several requests from different government agencies over the last few years. We continue to cooperate with these requests. We do not prevent such agencies from speaking with current or former employees. S.& P. is a subsidiary of the McGraw-Hill Companies, a company currently under pressure from some investors and has been considering whether to spin off businesses or make other strategic changes this summer.

Those ubiquitous anonymous sources claim the investigation had picked up steam early this summer, well before S&P dropped the hammer. Now members of Congress are investigating why S.& P. removed the nation’s AAA rating, which is highly important to financial markets.

Representatives of the Justice Department and the S.E.C., refuse to comment on the investigation, per usual.

Meanwhile, AG Holder’s boss, President Barack Hussein Obama, finished up the most boring bus (and hypocritical) tour in American History yesterday, in preparation for a 10 day family vacation at Martha’s Vineyard.

Most of us wll be lucky to make it to the apartment pool before Labor Day.  But, I digress…

From abcnews.go.com:

At his rural economic forum in Iowa Tuesday, President Obama exhorted the need to boost the manufacturing and export of U.S. cars and trucks to create jobs.

“We’ve got folks in America driving Kias and Hyundais. I want to see folks in Korea driving Fords and Chryslers and Chevys,” Obama said, drawing applause.

“I want to sell goods all over the world that are stamped with three words: ‘Made in America.'”

But it turns out the president’s new custom motor coach comes stamped with a brand that’s located someplace else: Canada.

The $1.1 million jet-black rumbling bus that has been carrying Obama through the Midwest this week was designed in part by Prevost, a motor coach manufacturer based in Quebec. The New York Post was first to report this, and Provost officials confirmed this fact to ABC News.

By the way, Scooter, why are those buses painted black?  Are you allergic to Red, White, and Blue?  I’m surprised you didn’t have pictures of Marx, Mao, and Alinsky painted on them.

One of the groups who have been his long-time allies are less than impressed.

Per Byron York at washingtonexaminer.com:

During a sometimes-raucous session of what’s being called the “For the People” Jobs Initiative tour, a key member of the Congressional Black Caucus told an audience in Detroit Tuesday that the CBC doesn’t put pressure on President Obama because he is loved by black voters. But at the same time, Rep. Maxine Waters said, members of the CBC are becoming increasingly tired and frustrated by Obama’s performance on the issue of jobs. Even as she expressed support for the president, Waters virtually invited the crowd to “unleash us” to pressure Obama for action.

“We don’t put pressure on the president,” Waters told the audience at Wayne County Community College. “Let me tell you why. We don’t put pressure on the president because ya’ll love the president. You love the president. You’re very proud to have a black man — first time in the history of the United States of America. If we go after the president too hard, you’re going after us.”

The problem, Waters said, is that Obama is not paying enough attention to the problems of some black Americans. The unemployment rate for African-Americans nationally is a little over 16 percent, and almost twice that in Detroit. And yet, Waters said, the president is on a jobs-promotion trip through the Midwest that does not include any stops in black communities. “The Congressional Black Caucus loves the president too,” Waters said. “We’re supportive of the president, but we’re getting tired, y’all. We’re getting tired. And so, what we want to do is, we want to give the president every opportunity to show what he can do and what he’s prepared to lead on. We want to give him every opportunity, but our people are hurting. The unemployment is unconscionable. We don’t know what the strategy is. We don’t know why on this trip that he’s in the United States now, he’s not in any black community. We don’t know that.”

As she discussed her dilemma — frustrated with the president but hesitant to criticize him lest black supporters turn on her — Waters asked the crowd for its permission to have a “conversation” with the president. “When you tell us it’s alright and you unleash us and you tell us you’re ready for us to have this conversation, we’re ready to have the conversation,” she said. Some members of the crowd immediately voiced their approval.

“All I’m saying to you is, we’re politicians,” Waters continued. “We’re elected officials. We are trying to do the right thing and the best thing. When you let us know it is time to let go, we’ll let go.”

“Let go!” some in the audience yelled.

If “the community” is searching for a Black leader to admire, I can think of three right off the top of my head:  Lt. Col. (and Congressman) Allen West, former Godfather’s Pizza CEO Herman Cain, and Anti-Abortion Activist and MLK, Jr.’s niece, Alveda King.

A penchant for petulance, revenge, and hypocrisy are not qualities to be admired in a “leader”.