Axelrod: ‘This is essentially a tea party downgrade’

But in Axelrod’s final analysis, the lion’s share of the blame for the downgrade falls on the tea party movement.

“Listen, Bob, what I’m saying is review the history of what happened here,” Axelrod said.

“I think, first of all, people are less concerned about that than where we go moving forward. But let’s look at the history of this. The fact of the matter is that this is essentially a tea party downgrade. The tea party brought us to the brink of a default. By the way you said before, the president said … if we had defaulted on our debt the consequences would have been dramatic and lasting. So, you know, it was the right thing to do to avoid that default. It was the wrong thing to do to push the country to that point. It’s something that that should never have happened. That clearly is on the backs of those who were willing to see the country default. Those very strident voices in the tea party.”