Originally published on Fri April 27, 2012 5:40 am
There was more bad news for Europe's attempt to rebuild its economy: Standard & Poor announced Thursday that it was downgrading Spain's long-term sovereign credit rating by two notches – from "A" to "BBB+." The agency also lowered Spain's short-term sovereign credit rating to "A-2" from "A-1," and said the outlook on the long-term rating is negative.
In Iowa, President Obama's re-election campaign is already in gear, with staff and volunteers on the ground.
The Obama campaign hopes its head start over the campaign of Republican Mitt Romney — who until recently had been focused on fending off GOP opponents — will make the difference in November in this swing state.
The Obama campaign headquarters in Des Moines is a former Blockbuster Video store, where this week a couple of dozen 20-somethings tapped away at laptops, painted signs by hand and worked the phones.