Jon Stewart on S&P downgrade: ‘Are you f*cking serious’
Comedy Central’s Jon Stewart expressed his confusion Monday at the news S&P had downgraded U.S. credit from AAA to AA+.
“The ratings agency is Standard & Poor’s,” Stewart noted. “Who’s going to listen to a company whose name translates to ‘average and below average’?”
He explained it was “a real slap in the face” to have a worse credit rating than Finland, Australia, Singapore, and even the Isle of Man.
S&P’s cited the debt ceiling deal as one of their reasons for the downgrade, but Stewart recalled that at least one political leader was happy with the deal.
“When you look at this final agreement that we came to with the white House, I got 98 percent of what I wanted,” House Speaker John Boehner (R-OH) told CBS’ Scott Pelley last week. “I’m pretty happy.”
“You are the world’s most misguided tangerine,” Stewart remarked. “Speaker of the House Boehner saying that he got pretty much everything he wanted in a deal that seemed to destroy our financial standing in the world seems like a bit of a slap in the face.”
But the fact that investors were bailing out of the stock market and piling into U.S. Treasury bonds was the most shocking news for Stewart.
“Are you fucking serious?” he asked. “The U.S. gets downgraded so the U.S. financial institutions are flushing their money out of stocks like shit from a caffeinated goose to stash it in the safest place they can find: freshly downgraded U.S. Treasuries.”
“Basically, you burn our fucking house down and then you have the balls to come over and go, ‘Is your basement still standing? You mind if I put my money there for a little bit?'”
Watch this video from Comedy Central’s The Daily Show, broadcast Aug. 8, 2011.