Julianna Goldman of Bloomberg News argues with Mitt Romney over whether the scenario she supposes is a “hypothetical” situation at last night’s Republican Presidential Debate in New Hampshire. I believe Romney is quite right in calling it a hypothetical situation while Ms. Goldman disagrees because “more than half the country” believes we are in a financial meltdown. What the hell?
Here is the transcript courtesy of the Washington Post:
MS. GOLDMAN: Thank you. Governor Romney, it’s 2013 and the European debt crisis has worsened, countries are defaulting, Europe’s largest banks are on the verge of bankruptcy, contagion has spread to the U.S., and the global financial system is on the brink. What would you do differently than what President Bush, Henry Paulson and Ben Bernanke did in 2008?
MR. ROMNEY: Well, you’re — you’re talking about a scenario that’s obviously very difficult to imagine, and — and — and —
MS. GOLDMAN: But it’s not a hypothetical because more than half the —
MR. ROMNEY: It — it is — I’m — I’m afraid it is a hypothetical.
MS. GOLDMAN: It’s not — Governor, it’s not a —
MR. ROMNEY: Do you want to explain why it’s not a hypothetical?
MS. GOLDMAN: Yes.
MR. ROMNEY: OK.
MS. GOLDMAN: Because more than half the country believes that a financial meltdown is likely in the next several years, and the U.S. banks have at least $700 billion in exposure to Europe. So it’s a very real threat, and voters want to know what you would do differently.
MR. ROMNEY: There — it’s still a hypothetical as to what’s going to precisely happen in the future.
Zing! Back to English class Ms. Goldman.
Let’s go to the video: