US Credit Downgraded. But Isn't Bidenomics Great?

Credit rating agency Fitch has downgraded the United State from AAA to AA+.

It might seem slight, but it's not. The implications can have huge effects on markets, and on America's ability to attract investment.

Over the past two months we have been seeing the credit crunch from banks. They are doing less lending to both business and individuals. This crunch means less expansion, and the cost for expansion is crazy high. This means less growth. This means a stagnant economy.

But we are told that Bidenomics is going great! Economist Dr. Matt Will explains what the downgrade means and why you should be concerned.

Presented by Americans For Prosperity http://americansforprosperity.org