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Donald Trump Accuses S&P ‘Losers’ Of Enjoying Downgrade: ‘They’re Loving It’

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by Frances Martel | 11:06 pm, August 8th, 2011

» 22 comments

Was a situation in which Lawrence O’Donnell and Donald Trump agreed wholeheartedly even possible a mere few months ago? A mere hour after O’Donnell called Standard & Poor’s a “disgrace” for the “incompetence” that led to America’s credit downgrade on Friday, Trump visited Greta Van Susteren and used the exact same word, adding with some flair that the “publicity-hungry” leaders of the S&P are “loving this” and capitalizing on a “President who doesn’t have a clue.”

Trump told Van Susteren he felt even calling America “great” was “somewhat tenuous” in the current economic situation, admitting investors should be “very, very nervous.” He explained that he had “lots of experience” with Standard & Poor’s, predicting “these people are probably publicity hungry… they’re being heroes, they’re going off to their wives and boyfriends and… I think they’re loving it.” He went on to call them “losers” and “disgraceful” for the credit ratings they gave Lehman Brothers and other commodities that ended in failure. Trump also argued that their move backfired to some extent, as “people want to invest in our securities even though they’re not paying… and we have a President who doesn’t have a clue.”

Trump didn’t go into any detail as to where he got all that experience with S&P– neither here nor in his earlier appearance on Fox & Friends. It should be noted that Trump’s commodities have been no stranger to downgrades, experiencing at least one in each of the past two decades, some down into C-grade. Saying that he has had “lots of experience” with them isn’t quite the sort of disclosure that meets most journalistic bars, however– not knowing the nature of that experience puts the viewer in a bit of a disadvantage to judge Trump’s opinion of them. Needless to say the audience should not expect guests discussing an S&P credit downgrade to have the sort of adversarial relationship with the organization to have actually experienced a couple.

Trump didn’t dedicate his time exclusively to S&P, however, going after the Obama administration as well. Asked whether Treasury Secretary Tim Geithner should get the boot for this disaster, Trump did everything but flat-out say “yes.” “We’re not respected, we’re scoffed at, we’re laughed at throughout the world,” he argued, “you could really make the case that somebody new should go in there and give it a shot” (not him, though– sorry, Mike Huckabee). But he did try to find a silver lining in the entire ordeal. “If there’s anything positive about Standard & Poor’s [downgrade]… the President should call everybody back and cut a deal.”

The segment via Fox News below:

credit downgrade, debt crisis, Donald Trump, fox news, Greta Van Susteren, On the Record, S&P, Standard And Poor's

Anonymous

Okay, we’ve learned that S&P is “stupid.” We’ve learned they are “losers.” Let’s see if I can predict the next responses:

S&P are terrorists
S&P are hostage takers
S&P are racists
S&P are dictators
S&P are evil
Etc. etc. etc.

Of course, jawboning here is pointless. S&P has quantified and modeled the federal government’s cash flow and expenses — just as they would with any business — and can see what a huge mess the politicians in DC have created. If the mainstream media pundits disagree, let them show where S&P’s numbers are wrong. And if they can’t, they should leave off with the childish temper tantrums.
http://www.constitutionallibertarian.co.cc/ DavidKramer

Sorry, if there were 100 million people on a wheel of fortune, and none of them have ever spent a day in government, I would allow anyone of those people be president before I allow Obama be president again.

Oh yeah. ABO, that is anyone but Obama.
Anonymous

Maybe S&P won’t be loving it so much when people start connecting the dots between them and the politicians.
Anonymous

How about “S&P has declared war on………..”?
Anonymous

The Democrats offered no plan, rejected the plan that would have kept our AAA rating, and now are blaming S&P. Got it. Obama pushed granny over the cliff to help his progressive friends steal more tax money. Thanks Donald.
Anonymous

Birther says what?
Anonymous

Tell that to your Networks top financial adviser, Your Donald.
http://www.constitutionallibertarian.co.cc/ DavidKramer

Yep, Trump must be one of those evil socialists, because he calls out those S&P dudes!

By the way, if you think about it, you and I can tell these asshats to bite us. You can do it by not being part of the economy.

Oh well, or you can be part of it………….or not.
Anonymous

★good★

look love— w w w – happyshopping100 – c o m

believe you will love it.

love good go.
Anonymous

Big difference here though. O’Donnell the lib/communist says it because he’s on his knees with his head firmly planted in Obama’s crotch, while Trump the conservative/businessman on the other hand just took a $2 billion hit in his net worth.

But that’s not going to stop libs in the MSM ( Trump haters all ) from using him in one of their dishonest ‘ apples to hammers ‘ comparisons in a lame attempt to help the Obama regime………so very sad.
Anonymous

Donald looks like he’s having plenty of fun with it too.
Anonymous

The same thing the White House is saying.
Anonymous

Trump, everyone hates you
The Real Royal Emperor

Not true.

President Obama put forth a plan which effected real deficit reduction in a balanced matter. It met all of the S&P criteria, as we now understand the criteria.

If you’d bothered to read the S&P report, you’d know that S&P would not have found the bogus, smoke and shadows Squat, Krap and Dump adequate. It failed to achieve the requisite savings and reductions in the requisite time frame. Absent revenue enhancements (revenue lost by reason of the W Tax Cuts for the Wealthy), no plan will meet those requisites.
http://wwwhomes.uni-bielefeld.de/achim/gol.html Game of Life

How you get everything wrong and backwards is amazing.

First the debt ceiling has been raised automatically for decades but since President Obama is an African-American repubaggers unnecessarily attached it to cutting spending (in a freakin post recession, imbeciles.) REPUBAGGER’S FAULT

Next they diss our President during the debates and had the nerve to walk out on our President. REPUBAGGER’S FAULT

Finally, repubaggers lied and said the dems had no plan. Then lied about the dem’s plans.
FYI = If repubaggers are stupid enough to want a plan, THEY WRITE IT UP FIRST. Dems have a right to approve it or not. Don’t be more of an idiot and say, “where’s your plan?” when their dumbasses maded the whole thing up. REPUBAGGER’S FAULT.

REPUBAGGERS LOOK STUPID, THEY WERE GOING TO DEFAULT ON THEIR FREAKIN SPENDING.

REPUBAGGERS LOOK LIKE THE IDIOTS THEY HAVE ALWAY BEEN.
http://wwwhomes.uni-bielefeld.de/achim/gol.html Game of Life

HAHAHAHA Good one, my good man!
http://wwwhomes.uni-bielefeld.de/achim/gol.html Game of Life

trump is a proven idiot. he’s about to lose celebrity apprentice, he can blame that on s&p too.
Anonymous

Yawn…You make the same stupid comment over and over again. But I’ll repeat. Everything I’ve said about Trump on this site has been proven absolutely correct. Meanwhile you and your liberal buddies were dead certain that Trump would be the Republican nominee and that next year’s election would be decided by the birth certificate. This is all documented here in the Mediaite archives.

You must feel awfully silly now, no?

Note to readers: if you want a laugh, go check out what Nacho and his buddies had to say about Trump a few months ago. Their “insights” deserve their own exhibit in Fantasyland.
john hastings

Donot believe it ,Obama knows exactly what he is doing to destroy this country.
john hastings

Donot believe it ,Obama knows exactly what he is doing to destroy this country.
john hastings

Not true
john hastings

Not true