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Detailed text transcripts for TV channel - MSNBC - 20110809:07:00:00 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.
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If we go to a double dip reception i put the blood on the hands of s&p. pretty darn [ bleep ]. republicans are blames democrats. democrats are blaming the tea party but the blame belongs to standard & poors. let s talk about the s&p. blame the ratings agencies. politicians of all sides attacking them. i think s&p has shown really terrible judgment. they made a $2 trillion math error. s&p is wrong. totally, absolutely wrong. they missed the sub prime mortgage crisis. president dismissed the s&p downgrade. what s the problem? robert rice joins me. the super rich have 40% of the nation s wealth. so pretty darn [ bleep ]. oh! but how will washington get better? congress ultimately owns the credit rating. the house of representatives had a mandate. this is the tea party downgrade. pointing the finger at the tea party. only the united states ....
For more on that i m joined by nbc s chief foreign correspondent richard engel in kabul and william co-when. and chris matthews, first, you, let s talk about the s&p. clearly a political judgment by the s&p about the future of debt reduction and long-term solvency. is that exceeding their grasp? and was it wrong as the white house and treasury ? it s done. it has power in itself. they have credibly. we live with the s&p every day. the value of our stocks our portfolio is depending on how the s&p rates it. i think it probably has more to do with the dollar and the value of our dollar. i think gold s going up because of that. that s more of a near term thing that any other unrealistic assessment that we might reanything on it. i think this is really big. this has to do with the toring size of the u.s. debt. the more we read about greece, ....
Detailed text transcripts for TV channel - MSNBC - 20110809:00:00:00 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.