Incredible Stupidity By Chuck Todd

May 17, 2011: Heather at Crooks & Liars has an article entitled Chuck Todd suggests Obama wants to raise debt ceiling for the sake of his personal fortune. Todd is political director at NBC News and appears regularly as a commentator on other networks. I never liked the guy. I saw him a few months ago being quite rude and disrespectful to Obama at a press conference. But how stupid is this? He voiced this opinion on MSNBC:

TODD: The Obamas are millionaires, according to new financial disclosure forms released yesterday. The forms show the President and First Lady Michelle Obama hold assets between $2.8 million and $11.8 million, and -- are you ready for this? Almost all of their investments are in T-bills. So nobody would be hurt more by the debt ceiling not being raised than the President.

Right, Chuck. If the U.S. defaulted on its debt, the world was plunged into economic turmoil, interest rates soared, the dollar plunged, and the euro or the renminbi replaced the dollar as the world reserve currency, the Obamas' investments would suffer -- in fact, NOBODY would be hurt more! Therefore, Obama wants to raise the debt ceiling.

This kind of stuff is commonplace on Drudge, Breitbart, The Blaze, Red State, WorldNetDaily, NewsMax, NewsBusters, and Atlas Shrugs. But the political director at NBC News? A firing offense, I'd say.