Quote:
Originally Posted by scottw
S&P= Terrorists?
Aug. 7 (Bloomberg) -- The U.S. Treasury Department said there is “no justifiable rationale” for Standard & Poor’s move to downgrade the nation’s credit rating as global finance ministry officials prepared responses to the historic announcement.
"These are some of the people who have the worst records of incompetence and irresponsibility around," top House Democrat Rep. Barney Frank told MSNBC. S&P analysts, Frank continued, are "trying to justify their reputation" by being tough on the U.S. An unnamed White House official, quoted by CNBC, called S&P's performance "amateur hour" and cited a $2 trillion math mistake made in an earlier S&P assessment. Another anonymous administration official added: "A judgment flawed by a $2 trillion error speaks for itself."
Farther along on the left, the New York Times columnist Paul Krugman called the downgrade "an outrage" and accused S&P of "just making stuff up." "
Barney Frank referring to anyone as incompetent and irresponsible is hysterical
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Typical of the left, if you don't agree with them smear the facts or
the person.
Barney Frank, a good example of why we need term limits.
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