(Mark your calendars: RealShare New York Oct. 12 in New York.)

NEW YORK CITY-In the wake of Standard & Poor’s controversial downgrade of the US credit rating, GlobeSt.com asked readers last week to weigh in with their opinion of the move in our latest poll. Readers were asked, “Should S&P have cut the US credit rating?”

The majority of the 244 readers who responded--55%--said the move was warranted, answering, “Yep. The fools in DC left them no choice!” The remaining 45% answered, “Of course not. It was a bonehead move!”

Greg Leisch, CEO of Delta Associates, a provider of commercial real estate research, advisory and valuation services, thinks that the breakdown of results is more a reflection of general public dissatisfaction with how the debate and ensuing crisis were handled.

“The performance of the government, the politicians and Congress, in particular, deserves a downgrading and we certainly see that in the public opinion polls,” Leisch says. “What Standard & Poor’s was reacting to was the credit rating of Congress and that should have been downgraded to ‘F’ because we have a bunch of rascals that are tinkering with this contrived crisis of the debt ceiling.”

Leisch thinks the results aren’t necessarily indicative of the commercial real estate industry’s take on the move by the ratings agency. “I think it reflects the attitude of the American public, which is outrage at how dysfunctional our elected officials are,” he says.

Because the credit rating is a measure of the government’s ability to repay bonds, he says, the downgrade itself was not warranted. “It’s silly to think that there is any downgrading of the probability of the Federal debt being paid,” Leisch says. “It’s silly that the credit rating was downgraded, because the credit rating should be the probability of those bonds being repaid, and the probability is no different today than it was two months ago.”

Click here to vote in this week's poll.