Former Obama economic adviser Christina Romer got a chuckle out of the news yesterday that the US credit rating was downgraded for the first time in over a century. She told Bill Maher, “We’re f*cked.” Then they laughed.
Did you notice how they both had a good chuckle over the downgrade.
Transcript via NewsBusters:
BILL MAHER, HOST: So, excuse my language, but we used to do a segment on this show called “How F—ked Are We?”
MAHER: …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]
ROMER: I’ve been hanging around Tim Geithner too long.
In an earlier talk this year Romer told an audience that Obama knew the extent of the economic crisis before he came into office.