“I believe that this is without question the Tea Party downgrade,” Sen John Kerry, D-Mass., told David Gregory this morning on Meet the Press. “This is the Tea Party downgrade because a minority of people in the House of Representatives countered even the will of many Republicans in the United States Senate who were prepared to do a bigger deal to do $4.7 trillion, $4 trillion, [that had] a mix of reductions and reforms in Social Security, Medicare, Medicaid, but also recognize that we needed to do some revenue,” Kerry finished.

Kerry and his fellow Democrats face an uphill climb if they want to pin the S&P’s decision to downgrade the U.S. credit rating on the Tea Party. The Wall Street Journal has been calling the imminent slide “The Obama Downgrade” since July 15th. A google search of “Obama downgrade” yields over 70,000 results. The “Tea Party downgrade” shows barely over a thousand results. There is even a TheObamaDowngrade.com website up already.