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August 06, 2011

Former Obama Economic Adviser Christina Romer Chuckles at S&P Downgrade of US Credit Rating … “We’re F*cked”

Posted in: Barack Obama,Budget Deficits,Economy,Federal Deficits,National Debt,Obamanation,Obamanomics

Doesn’t this speak volumes of the Obama Administration and those that were put in charge of the US economy.

During an interview with Bill Mahr, former Obama economic adviser Christina Romer chuckled at the S&P downgrade of the US credit rating and said,“We’re F*cked”.  Nice, this from an individual who was originally part of Obama’s economic team that was supposed to fix the economy and get Americans jobs. Many of us knew we were “F’d” the minute that Obama became president.

Click on pic to watch the VIDEO

Transcript from NewsBusters:

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.

Remember when Roemer said that the “Fundamentals of the US Economy Are Sound?” Just curious, had Barack Obama got his initial wish of a clean debt ceiling bill, raising the debt ceiling without any conditions, it would seem that the S&P also would have downgraded the US anyways.


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