The Party of Bad Credit takes power

Obama, the head of the Democratic Party, has signed off on a deal that would give Chrysler's senior creditors far less than Chrysler's junior creditors (the unions).  He then publically blasted the senior creditors who didn't accept the deal and triggered a lawsuit.

Obama has thus shown that he is willing to break deals with creditors. If you were a foreigner who is being asked to purchase debt from Obama, say, to fund a multi-trillion-dollar deficit, what would you be thinking right now? 

Obama has hurt America's reputation with this Chrysler deal he's trying to foist on creditors.  This will have upward pressure on interest rates.  He has made his job a lot harder.