Downgrade of U.S. Debt Signals Deficit in Leadership

Michigan State | Aug 18, 2011
Norm Smallwood
 

RBL Group co-founders Dave Ulrich and Norm Smallwood say investors lost trust in our leaders.

ANN ARBOR, Mich.—Standard & Poor’s recently downgraded the U.S. credit rating. Most blame the debt. But it is not just the debt that drove this move. It is the decision-making behind the debt. Investors downgraded the U.S. credit rating because they lost trust in its leadership.