Former Obama Economic Adviser on Downgrade: We're 'Pretty Darn F--ked'
Christina Romer, the former chair of Obama's Council of Economic Advisers on Friday offered a rather strong opinion concerning the announcement by Standard & Poor's that the credit rating agency downgraded America's debt to AA+.
Appearing on HBO's "Real Time," Romer said we're "pretty darn f--ked" (video follows with transcript and commentary):
BILL MAHER, HOST: So, excuse my language, but we used to do a segment on this show called “How F—ked Are We?”
(VIDEO CLIP)
MAHER: I didn’t expect that there. This, just before we went on the air they said our rating got downgraded.
CHRISTINA ROMER, FORMER CHAIR OF THE COUNCIL OF ECONOMIC ADVISERS, OBAMA ADMINISTRATION: So, pretty darned f—ked.
[Laughter and applause]
MAHER: Ooh.
ROMER: I’ve been hanging around Tim Geithner too long.
[Laughter]
MAHER: Why, does he swear like a sailor?
ROMER: Oh, like a seventh grade boy.
Isn't it interesting how we were told it would be a calamity if we didn't raise the debt ceiling, and three days after we do, our credit rating is cut anyway?
And what about Obama and his media minions initially asking for a "clean vote" that wouldn't have included any revenues or cuts?
Given S&P's decision, a raise of the ceiling without any spending cuts would have produced this same result.
It therefore is going to be very interesting in the coming days to watch how the Obama-loving media spin this.
Will they make the case that this wouldn't have occurred if Republicans accepted the President's "grand bargain" despite him having never actually put anything in writing that could be legitimately analyzed as well as scored by the Congressional Budget Office?
Stay tuned.
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Comments
So, Ms. Lardass..........do
Submitted by killa37 on Sat, 08/06/2011 - 12:47am.
So, Ms. Lardass..........do you have ANY idea why we're 'pretty darned f**ked???' And Howdy Doody Geithner swears like a 7th grade protogee of Rhambo Emmanuelle??? Jeez.............what a pathetic crew we have 'ruining' - whoops, I meant 'running'- our country!!!
Yeah, bubby!
Submitted by Newsbubba on Sat, 08/06/2011 - 9:50am.
Obama is truly a man of "Firsts."
Our first half-black president.
Our first credit downgrade in history.
Our greatest single day loss of life for our military in the war on terror.
Our first Hip-Hop BBQ birthday party in the White House.
Our first Fascist president.
Our first president who truly wants to "fundamentally change this country" into God only knows what.
First time in my adult life that I am truly ashamed of the government of my country.
excellent
Submitted by grammajane on Sat, 08/06/2011 - 7:16pm.
Excellent wrap up of damage done to this great country!!
Deadbeat
Submitted by gr29az on Sun, 08/07/2011 - 9:28am.
And don't forget our first dead beat president. I'm so proud
Killa
Submitted by rockyracoon on Sat, 08/06/2011 - 4:56pm.
You were right the 1st time---this gang IS RUINING our country.
Facts are like kryptonite to the liberal.
The Language of Washington Elites
Submitted by Avitar on Sat, 08/06/2011 - 12:51am.
The man uses the F word but uses Darn instead of Damn? is that conflicted?
PC requires some strange language usage.
Submitted by Newsbubba on Sat, 08/06/2011 - 9:55am.
In the great Clint Eastwood movie, Grand Torino, the Eastwood character, who is definitely colorful in the use of language is telling a joke to some pals.
He starts off, "So a kike, a spick, and a colored guy, walk in to a bar ...."
Some slurs are allowed while others are waaaaaaaayyyyyyyyy off limits, apparently, even when depicting a bigot.
Go figure.
I noticed that too
Submitted by Dave81 on Sat, 08/06/2011 - 10:58am.
Though I love how she compares someone who swears a lot to a 7th grade boy. Looks like we've found a good analogy for Maher and the likes!
Actually
Submitted by Chris Norman on Sat, 08/06/2011 - 12:58am.
I think the day we became "PDF" was November 4th, 2008. Although a lot of us knew we would be "PDF" a lot earlier than that. For official purposes, "PDF Day" was January 20th 2009.
So let me get this straight...
Submitted by eflatminor on Sat, 08/06/2011 - 1:27am.
A week ago, Washington warned us sternly that if the debt ceiling were not raised, the stock market would fall and our debt would be downgraded, resulting in higher interest rates for everybody. Some of us were labeled "radical" and even "terrorists" for suggesting we live within our means. Four days ago, we raised the debt limit by the largest margin in our history. Since then, the stock market tanked and we just got our debt downgraded. Oust the central planners before it's too late!
How do you think I feel?
Submitted by Boudin on Sat, 08/06/2011 - 1:34am.
I predicted it!
In honor of all the nice things said...
Submitted by BMorgan53 on Sat, 08/06/2011 - 2:12am.
about the TEA Party, I've decided to go have two T-shirts made.
The first, Thans to VP Big F*****g Bite Me, the MSM, and other Libs, will say: "I am the Tea Party, ergo I am a Terrorist"
The second, thanks to John McCain, will say: "I am the Tea Party, ergo I am a Hobbit"
Yes. The obvious things
Submitted by Slyrr on Sat, 08/06/2011 - 1:47am.
Yes. The obvious things we're ticked about now is:
1) The liberal media screamed that if we didn't raise the debt ceiling it would be 'armageddon'.
2) If we didn't raise the debt ceiling, we'd be downgraded
3) If we didn't raise the debt ceiling, the stock market would crash
4) Anyone who opposed raising the debt ceiling was a 'terrorist'
Once again, the Demorats, the liberal media and the whole sorry pack of marxist/communist/socialist/anarchists who follow after them were wrong, WRONG, WRONG. Their policies have failed. Their 'messiah' has failed. Every blasted thing they've ever said, tried or theorized on has been a massive, demonstrable and disgusting failure.
And they STILL throw parties and spend 300 billion a day.
Sooner or later, the 'mobs and pitchforks' they've been using to threaten and bully their enemies are going to be coming after THEM.
GOP - why won't you learn? You have to learn to stop being scared of these people, and simply take to the airwaves to expose their policies for the lies that they are!
The only thing the establishment of both parties cares
Submitted by lsudolemite on Sat, 08/06/2011 - 2:04am.
about is making sure total economic collapse is postponed until they are safely out of office with their own fortunes secure, so they can sit back and watch New Rome burn.
Great points, Slyrr! Not to
Submitted by Van Halen on Sat, 08/06/2011 - 3:27am.
Great points, Slyrr! Not to mention the RINOs and Obama Leftists got to put in their absolutely UNCONSTITUTIONAL Super Congress. You can bet the GOP haven't learned a thing from this. The TEA Party warned us! Why aren't we marching yet?
TEA!
Re Super Congress
Submitted by motherbelt on Sat, 08/06/2011 - 6:58am.
Republicans agreed to this because they are just so darned happy to be allowed to participate! They knew if they didn't, Obama would just appoint another "commission" and they didn't want to be left out.
As for learning from this, hell, they haven't learned a thing from anything before, which is why this happened in the first place.
I"ve been giving a little
Submitted by killa37 on Sat, 08/06/2011 - 2:50am.
I"ve been giving a little more thought to the insight that this idiotic wildebeast gave on little Howdy Doody Timothy Geithner.
The guy is obviously out of his league, and he hasn't got a damn thing right, as far as I can tell...............plus he's a queebie-assed little twerpy tilley tax-cheat!!! But...............he loves to swear and cuss and act like he's some kind of a tough guy or something???
I'm astonished at the piss-poor quality of people that we have at the upper levels of our government.........starting from the President, and on down the line.............
Look at Romer and Maher - ha,
Submitted by Van Halen on Sat, 08/06/2011 - 3:32am.
Look at Romer and Maher - ha, ha! Funny jokes and swearing!
Romer - YOU personally helped to put us in this situation!
Maher - YOU supported these policies all along calling Sarah Palin and the TEA Party, who warned you against doing this, every name in the book!
You people better hope we don't start marching on DC or YOU ALL are going to be pretty darn F#cked!
As I have not the ability to sugar coat what I'm thinking...
Submitted by Dave. on Sat, 08/06/2011 - 4:31am.
...as there are just too many words starting with "F," "B," "S," "C, "and "T," I'll just leave this one alone for now.
No, If I am going to get banned from NB for life, I want it to be a really good one.
A really, really good one.
And it's coming.
Trust me.
-Dave
Vote for the American in November
Maher's audience full of Lib inbreds and drug addicts
Submitted by ChrisNH on Sat, 08/06/2011 - 7:08am.
It's telling that after hearing 'We're Eff'ed,' the audience cheered and clapped.
If Maher won't do the right thing and climb to the rooftop of a Manhattan skyscraper and jump from it, I'll be happy to go there and push him.
S&P Report is actually a gift
Submitted by Mike009 on Sat, 08/06/2011 - 7:51am.
This S&P downgrade is actually a gift to the Obama adminstration. The report cites Republican resistance to revenue increases and says virtually nothing about Democrat resistance to reducing spending. Democrats can now use this report against Republicans and to justify spending and tax hikes.
Ownership
Submitted by FaulknerFan on Sat, 08/06/2011 - 8:53am.
Yep! The media has already started. The intransigence of the Tea Party Republications in opposing "Revenue Enhancement" has led directly to this. John Harwood on NBC this morning said that the White House was sure to tell the republicans that now they own the problem, as if reminding the WH how they should spin it. Rather than admitting the obvious and getting serious about serious spending cuts immediately they are thinking how they can "make the most out of a crisis". The lack of real concern for the country and it's problems as opposed to party has long been a stable of the democrats/media and now has gotten to the point of obscene, and outright dangerous to all of our futures.
The Obama administration in a
Submitted by Barack Must Go on Sat, 08/06/2011 - 8:30am.
The Obama administration in a nutshell.
I guarantee, the fact that she was a huge contributor ( culpability ) to America's current financial woes has not, nor will it ever cross her mind.
Sadly, this holds true for the entire Obama administration 7th grade class of 2012.
Thinking People
Submitted by JustAl on Sat, 08/06/2011 - 9:09am.
Always knew that she and her former boss were PDF and would do the same to everything they touched. Now it's too late.
OK, who still believes that
Submitted by amyshulk on Sat, 08/06/2011 - 11:04am.
OK, who still believes that S&P is NOT political???
Ronald Reagan
Did you even wonder . . .
Submitted by Gat New York on Sat, 08/06/2011 - 11:10am.
Did you ever wonder why every one of Obama's economic advisors left early and even Geithner had to be begged to stay? While I may not agree with then, these were not incompetent idiots.
Could it be that the first two years of Obama's term was driven by ideologues in the White House and on the Hill passing reckless government intervention legislation and imposing wide ranging regulations increasing government power, and then leaving it to the economic advisors to figure out how to rationalize and manage the mess created.
I'm just glad
Submitted by bkeyser on Sat, 08/06/2011 - 12:16pm.
she didn't say "dam*ed".
Warning!
Submitted by HardRightTurn on Sat, 08/06/2011 - 1:47pm.
-----------------------
|...........................|
|...........................|
|.....picture of.......|
|......Bill Mahr.......|
|...........................|
|...........................|
|...........................|
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This is your brain
on dope
To more fully comprehend the Left, one must read “Leftism As Psychopathy” by John Ray, M.A., Ph.D. Caution, it might scare you a little bit.
http://jonjayray.tripod.com/psycho.html
This predicament is the
Submitted by rbosque on Sat, 08/06/2011 - 1:50pm.
This predicament is the result of spending that has reached beyong our ability to pay it back. We would have to live like a third world country for a hundred years and forfeit many years of prosperity just to pay it back. And for what? So Obama can give money to his union pals and to pay for an unecessary increase in gov't and regulations that are counter-productive to our freedoms and natural progression to our way of life
o'bama blames this
Submitted by ThisnThat on Sat, 08/06/2011 - 10:31pm.
o'bama blames this on:
Selfish corporate jet owners
Even more selfish $250K/year millionaires and billionaires
Right-wing Republican extremists
Tea-party terrorists, and, of course
Bush and the effects of global warming deniers
__________
“Didn't win the Medal of Honor? Didn't even serve? Then lie about it. We'll support you." — 9th Circuit Court
Bill Maher
Submitted by Robersire on Sat, 08/06/2011 - 4:25pm.
I'm confused. A tax cheat in charge of IRS . Pass the Bill before you read it. When overdrawn write more checks because banks have money. An immature adult with not even the experience of running a lemonade stand in charge of our country. and now proof of evolution... the missing link Bill Maher. Oh woe is me. How could I be so wrong in my beliefs?
You can say that again
Submitted by Galvanic on Sat, 08/06/2011 - 4:25pm.
ROMER: " I’ve been hanging around Tim Geithner too long."
So say we all.
hope
Submitted by grammajane on Sat, 08/06/2011 - 7:23pm.
Hope her grandkids didn't see her make a complete fool out of herself. How sad and sick but, then she is a liberal and they all love and want the best for kids. What a great example of two brainless adults????
hope
Submitted by grammajane on Sat, 08/06/2011 - 7:23pm.
Hope her grandkids didn't see her make a complete fool out of herself. How sad and sick but, then she is a liberal and they all love and want the best for kids. What a great example of two brainless adults????
Wanna know why we are screwed...???
Submitted by packman on Sun, 08/07/2011 - 11:21am.
"...Berkeley Professor Christina Romer, formerly chair of the White House Council of Economic Advisers..." Key words being "Berkeley" and "White House."
"...Were we directed from Washington when to sow and when to reap, we should soon want bread..." ~Thomas Jefferson
The S&P's Marxist-Progressive-Leftist-Liberal-Democrat-Obama Dow
Submitted by Lentenlands on Mon, 08/08/2011 - 12:00pm.
It really should be called the S&P's Marxist-Progressive-Leftist-Liberal-Democrat-Obama Downgrade Of America.
Collapsing the economy, creating anarchy and starting a civil war has always been the goal of the marxists plotting to destroy the American Dream and marxist Barry Obama is no exception. Obama’s marxist college professors, Cloward and Piven, were quite forthright in their efforts to formulate a method to collapse the economy to destroy America and usher in a marxist tyranny of slavery and death.
"The strategy of forcing political change through orchestrated crisis, the "Cloward-Piven Strategy" seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse."
Our Manchurian President is simply a treasonous usurper partying, vacationing and golfing as his marxist plan of destruction unfolds. Obama and his pals are TERRORISTS destroying YOUR Nation and future.
It’s time to wake up America and do something about it!
http://smashabanana.blogspot.com