Michelle Bachmann has Marshall McLuhan/Woody Allen Moment in her comments on S&P

Source: Think Progress




Bachmann Claims ‘S&P Essentially Proved Me Right’ — S&P Really Disagrees
By Pat Garofalo on Aug 12, 2011 at 9:35 am

Last night, during both the GOP presidential primary debate and a post-debate interview with Fox News’ Sean Hannity, Rep. Michele Bachmann (R-MN) claimed that S&P’s downgrade of the United States creditworthiness vindicated her position that the debt ceiling should not have been raised. “Standard & Poor’s essentially proved me right,” she told Hannity, after telling the debate audience that the S&P downgrade came about because the agency said “we don’t have an ability to repay our debt”:


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A Standard & Poor’s director added one more justification to the mix yesterday, saying “that one reason the United States lost its triple-A credit rating was that several lawmakers expressed skepticism about the serious consequences of a credit default”:

Without specifically mentioning Republicans, S&P senior director Joydeep Mukherji said the stability and effectiveness of American political institutions were undermined by the fact that “people in the political arena were even talking about a potential default,” Mukherji said.

“That a country even has such voices, albeit a minority, is something notable,” he added. “This kind of rhetoric is not common amongst AAA sovereigns.”



Read more: http://thinkprogress.org/economy/2011/08/12/294557/bachmann-sp-proved-right/

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Remember that scene where Woody Allen pulls Marshall McLuhan himself from behind a pillar to refute what some pretentious media professor was saying about him? Well it looks like there's a similar dynamic going on w/Michelle Bachmann and the S&P. Any further info on this particular loop-back would be appreciated