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The Erick Erickson Show

S12 EP127: Hour 1 - The Fight About Fitch

The Erick Erickson Show

Erick Erickson

News, News Commentary

4.5874 Ratings

🗓️ 3 August 2023

⏱️ 39 minutes

🧾️ Download transcript

Summary

One firm downgraded the credit rating of the US but let’s take a deeper dive into why and if it was warranted plus young men are turning to bad role models as they are increasingly demoralized by a feminine society.

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Transcript

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0:00.0

Welcome to the Eric Erickson Show podcast, Our One.

0:12.7

Hello America. Welcome. It's Eric Erickson here across the nation.

0:16.6

Glad to have you with me. The phone number, 8777-97-973-7-425.

0:23.1

If you'd like to be on the program, as always, you can text Eric, E-R-I-C-K, and you can get

0:28.1

links to the podcast, the show notes, the live stream, everything you need.

0:32.1

I gotta begin today with what I wanted to begin with yesterday, but couldn't the

0:37.4

fitch downgrade of

0:40.0

U.S. bond rating. We've gone from a AAA, which is the highest rating, to double A plus,

0:45.9

which is a better rating than the S&P gave when Standard & Boers downgraded the country.

0:51.5

Back in 2011, they went to AA minus. The CEO there resigned afterwards.

0:57.6

It was basically forced out. Well, the government is coming for Fitch. And the media is coming as well.

1:03.1

And you'll not be surprised to understand that so much of the outrage about what's happening with

1:08.0

Fitch has come from MSNBC. Here's Joe Scarborough.

1:11.3

And you look at our economy.

1:14.0

It may not be the greatest it's ever been.

1:16.7

It's better than just about every other economy on the globe.

1:20.0

So the question is, if you're downgrading us,

1:24.7

I mean, are you downgrading everybody else on the planet? Because there is no safer

1:32.3

investment on the planet right now than the United States of America. This is Eugene Robinson,

1:39.3

also on MSNBC. I don't know exactly what they're smoking over at Fitch, but it's like they all of a sudden

1:46.0

realize that there's some political polarization in the United States and, you know, it's

1:53.0

like, oh, shocked and horrified.

...

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