The second point is, so what if the US blew a late lead to Portugal. Neither team won. And that was a game the Portuguese needed to win much more than the US, due to their one-sided loss to the Germans in their opener. That's why after the last second game-tying goal, the Portuguese celebration was rather muted, while the US response was not one of utter devastation. The Americans could have gotten more out of the game, but they got what they needed. Losing to Germany no more discredits their World Cup than Connecticut's blow-out loss in their conference tournament made them undeserving of winning the 2014 NCAA hoops tournament.
But Olbermann seems to want a less objective method of breaking ties, not one based on head-to-head performance or scoring in the totality of games, but on the more subjective "the US choked so they were the real losers" standard. Not since Norman Mailer tried to argue that Floyd Patterson had "existentially" defeated Sonny Liston in their first title fight in 1962 has a blowhard tried to celebrate the defeat of his hero with such audacity. Suffice it to say, it is not a standard that any other sport or competition uses.