Now he's got a plan?
The President blames the market slide on the downgrade and the downgrade on the extended bargaining, in which he declined to take any part, and promises recommendations for reducing the debt. The debt wasn't a crisis for him or the Dems. Now, he's feeling the heat.
The huge increases in the debt are what started the Tea Party movement in the first place and now the Dems are a chorus blaming the downgrade AND the market slide on the Tea Party movement.