Ace of Spades HQ

February 26, 2010

The country's in the very best of hands
— Slublog

Maxine Waters vs. monetary policy:

The look on Ben Bernanke's face is priceless.

h/t: Crossing Wall St.

Posted by: Slublog at 05:07 AM | Comments (166)
Post contains 33 words, total size 1 kb.

1 what i know about monetary policy qualifies me to be trash collector or congressman.

Posted by: kelley in virginia at February 26, 2010 05:10 AM (Oan2w)

2 Being brain dead is a serious illness.

Posted by: Darth Nihilus69 at February 26, 2010 05:13 AM (GfYt/)

3 Kelley, you forgot Senator & President.

Posted by: Jess at February 26, 2010 05:13 AM (Dd+m6)

4 and brain dead-ism is catching. joe biden has it, too.

Posted by: kelley in virginia at February 26, 2010 05:13 AM (Oan2w)

5 Can we at least get people who know what the hell they are talking about on this Committee? Bernake didn't even know how to respond, he looked surprised and disappointed with her.

Posted by: Alex at February 26, 2010 05:13 AM (JNyHq)

6 Having an avowed communist discuss monetary policy is in itself insane. Only in Washington.

Posted by: Vic at February 26, 2010 05:14 AM (QrA9E)

7 what i know about monetary policy qualifies me to be trash collector or congressman.

Or Treasury Sec. Wait, that's knowledge of TurboTax.

Posted by: HeatherRadish at February 26, 2010 05:14 AM (mR7mk)

8 Please don't confuse me with the facts, I have a script here and it can't be wrong Alexrod gave it to me just this morning.

This is the stuff KOS and DU actually believe.

As we say "They do the darndest things"

Posted by: Kemp at February 26, 2010 05:15 AM (2+9Yx)

9
And this stupid hag doesn't understand how tax increases on businesses are passed on to consumers.

Fool.

Posted by: Dang at February 26, 2010 05:16 AM (UA4gE)

10 For the love of God, could you go be stupid somewhere else?

Posted by: Bernanke at February 26, 2010 05:16 AM (x4S2a)

11 Aren't we going to have more foreclosures soon anyway, Maxine, because people are still in debt for houses they couldn't even afford in the first place? Aren't all "fixes" enacted thus far just delaying the inevitable?

Posted by: Kratos (on the back of Gaia, scaling Mt Olympus) at February 26, 2010 05:16 AM (otlXg)

12 He's probably stunned to discover she can even speak.

Posted by: MaxineYouStupidBitch at February 26, 2010 05:16 AM (LvZLQ)

you know, the next time my husband asks me what i've done all day, i'm going to tell him "practicing for Congresswoman, Treasury Sec'y, Vice President"

since I've never had botox, i can't be Speaker.

Posted by: kelley in virginia at February 26, 2010 05:16 AM (Oan2w)

14 This is just piling on; I already have seen multiple clips of what a complete dumbfuck Maxine is.

Posted by: Captain Hate at February 26, 2010 05:16 AM (ypGDY)

15 Maxine can kill Bernanke....WITH HER MIND!

Posted by: steevy at February 26, 2010 05:17 AM (zcHeP)

Being brain dead is a serious illness asset for a Democrat Congressperson from Qualifornea.

Seriously, though - she's an example of why I can't follow more "local" politics or stomach C-SPAN, as she's not the only fool on the hill.

Posted by: Jess at February 26, 2010 05:18 AM (Dd+m6)

17 Isn't this the same fool that threatened last year (or the year prior) to nationalize the oil companies? I can't wait to see what the supply and price of oil is after gits like this control the companies.

In the end, there will be only chaos.

Posted by: Kratos (on the back of Gaia, scaling Mt Olympus) at February 26, 2010 05:18 AM (otlXg)

18 #14, s'alright. We'll buy some reaallly pasty makeup for you - it'll work, as long as you don't smile.

Posted by: Jess at February 26, 2010 05:20 AM (Dd+m6)

19 She's a race-baiter. All she has to know about money is how to steal it to line her pockets and buy votes.

Quite likely one of the stupidest people to ever sit in Congress.

Posted by: nickless at February 26, 2010 05:20 AM (MMC8r)

20 Maxine Waters gets reelected because she mouths off, not in spite of it. It's her job, as far as her constiuents are concerned.

Posted by: Dave in Texas at February 26, 2010 05:20 AM (WvXvd)

21 And this stupid hag doesn't understand how tax increases on businesses are passed on to consumers.

Even if she did (I don't assume she's even interested in understanding anything about business or industry), the fact that consumers bear the cost just validates her "business is evil and oppresses the masses" worldview.

Posted by: HeatherRadish at February 26, 2010 05:20 AM (mR7mk)

22 Someone once said, you can't fix stupid, and then Maxine Waters comes out and proves it.

What the Tea Parties of August proved to me is how wretchedly uneducated about the real world life our Congressional Clunkers really are.

Posted by: bill-tb at February 26, 2010 05:20 AM (y+QfZ)

23 This gives me hope. If no experience is required to be on this finance committee, then maybe I can apply to be one of the Joint Chiefs of Staff and cite my experience playing GoW and several RTS games as "winning many battle simulations".

Posted by: Kratos (on the back of Gaia, scaling Mt Olympus) at February 26, 2010 05:22 AM (otlXg)

24 And she keeps getting re-elected? Hum? Says something about the people in her district.

Posted by: nevergiveup at February 26, 2010 05:23 AM (ekqTc)

25 The really scary thing is that she can get elected at all,anywhere.

Posted by: steevy at February 26, 2010 05:23 AM (zcHeP)

26 The fact that Bernanke managed not to say, "Maxine, you ignorant slut," surely qualifies him for some type of medal.

Posted by: Stealth Gay Academic Conservative at February 26, 2010 05:23 AM (TVTHS)

"I don't want to see an increase in these adjustable rate mortgages."

I sure as hell wish I knew that Congress would oppose letting interest rates adjust up. Like it is a God given right to have a 3% mortgage, and own a house, and stay in the house if you are not making payments.

It makes me sick that this person gets elected and sits on committees. I am no fan of Benny B, but it is insulting that our Congress is so incompetent.

Posted by: California Red at February 26, 2010 05:24 AM (884bD)

28 She does not care that businesses pass on taxes to consumers because it's highly likely her base does not pay for the stuff they buy. I'm sure her constituents get lot's of free handouts to pay for items so they don't feel the sting of taxes so it does not matter to Maxine.

Posted by: CDR M at February 26, 2010 05:24 AM (cvmTR)

29 16 Maxine can kill Bernanke....WITH HER MIND!

With her WHAT??

Posted by: Dastardly Dan at February 26, 2010 05:24 AM (+SZAJ)

30 That camera is racist for capturing this moment.

Posted by: Charles Johnson, Bicycle Molester at February 26, 2010 05:25 AM (wnU1W)

Meh. I mean, the fact that she's able to sit on this Committee even after the cronyism with One United Bank is more laughable to me.

Posted by: laceyunderalls at February 26, 2010 05:25 AM (pLTLS)

32 Kratos, you and I will run the DoD. With your God of War experience and my actual experience, we can do this!

Posted by: CDR M at February 26, 2010 05:25 AM (cvmTR)

33 Have no fear Maxine, Barry won't allow any banks to foreclose unless he tells them they can. That's his brilliant solution to the housing crisis.

Posted by: TheQuietMan at February 26, 2010 05:25 AM (1Jaio)

34 This is actually about Barbara Boxer.

"...her uncanny ability to mix willful ignorance and guilt-free dishonesty." - Roger L. Simon.

Close enough.

Link broken just the way Ace wants it.

Posted by: Looking Glass at February 26, 2010 05:26 AM (IfMnA)

35 (I've started reading Atlas Shrugged as a way to combat insomnia, and last night I realized that cocktail party scene toward the beginning, where the rich "progressive" (and the characters use that word to describe themselves and their views) scrunts are yapping on about how "property rights are a superstition" and how unfair it is that some novels sell more copies than others and how it's their duty to make sure business assets are cannibalized for redistribution, is required reading for Democrats...but only that scene. They stop reading right there, and they go forth and try to be the smarmy anti-prosperity cocktail party brain trust, so they can feel good about "helping" and dictating their taste to the masses.)

Posted by: HeatherRadish at February 26, 2010 05:26 AM (mR7mk)

36 That was priceless Mallamutt but racist I'm sure.

Posted by: CDR M at February 26, 2010 05:26 AM (cvmTR)

This gives me hope.

I knew you had it in you!! I've got BIG plans for you

Posted by: laceyunderalls at February 26, 2010 05:29 AM (pLTLS)

38 And this is the caliber of intellect that is trying assume control of your healthcare.

Posted by: nickless at February 26, 2010 05:29 AM (MMC8r)

39 I wonder how much trouble he'd get in if he just stood up, told her she was too goddamned dumb to understand either of their jobs, and he didn't have time to educate her on it before walking out.

Posted by: SGT Dan at February 26, 2010 05:31 AM (KLFGv)

40 As I made in the comments at youtube, I think Maxine Waters is really one of Tyler Perry's characters

Posted by: Ben at February 26, 2010 05:31 AM (wuv1c)

41 Oh my god, that woman is dumber than a bag of hammers

Posted by: /dev/null at February 26, 2010 05:31 AM (rGcVx)

42 The people who vote for Waters would hire Rosie O for a structural engineer.

Posted by: RicardoVerde at February 26, 2010 05:31 AM (PBTsv)

43 #37 Believe me Heater, it gets better. Stick with it and cower in fear as you recognize the characters in the book gliding across the TV screen every day.

Posted by: Alex at February 26, 2010 05:31 AM (JNyHq)

44 Just read a comment on Hot Air about VP Biden's comment on how his job requires him to do nothing. "We go from Darth Cheney to Jar-Jar Biden" That is teh funny!

Posted by: CDR M at February 26, 2010 05:32 AM (cvmTR)

@13, the estimable Dr. Johnson is with you on this:

"Sir, a woman's preaching is like a dog's walking on his hind legs. It is not done well; but you are surprised to find it done at all." What a nasty man he was.

@21 DiT, I see what you did there, but try as ye may, there's still a TIT in "constituents." It's in the Constiution or something.

Posted by: Edwin effin Newman, baby at February 26, 2010 05:32 AM (/VEEI)

46 Apparently being stupid doesn't slow down this woman's mouth.

Posted by: honest cloud at February 26, 2010 05:33 AM (sPCho)

on Drudge, there is blip about how we need to hold up foreclosures. i mean, doesn't that hurt somebody? the lending institution?

or hey, let's just **poof** make the mortgages go away because Magic Negro promised make home ownership free anyway.

Posted by: kelley in virginia at February 26, 2010 05:34 AM (Oan2w)

48 It's this stuff that really scares the crap outta me, and leads me to believe these people aren not just supid, but are in fact dangerous and evil. Listening closely, you hear her worrying about the banks passing on the costs of the discount rate move onward, and yet these VERY SAME people refuse to admit that ALL taxes are paid by consumers. They play a very dangerous game with their faux populism, and they do it only to line their own pockets and increase their own power.

Posted by: Citizen Khan at February 26, 2010 05:34 AM (qB+Ht)

Quite likely one of the stupidest people to ever sit in Congress.

Does that mean I have to give up my trophy?

Posted by: Sheila Jackson-Lee at February 26, 2010 05:34 AM (plsiE)

50 The Country's in the very best of hands.

Posted by: nickless at February 26, 2010 05:35 AM (MMC8r)

51 40 I knew you had it in you!! I've got BIG plans for you.

No, you're still not getting my blood or my cursed soul.

Posted by: Kratos (on the back of Gaia, scaling Mt Olympus) at February 26, 2010 05:35 AM (otlXg)

Heather, but isn't Hank Reardon sexy? I think he is sexier than John Galt. The take-away from this scene should be that Hank is a hunk. A hunk of reardon metal.

However, I find the cocktail party setting prescient because, as Rush says, many people who would otherwise believe in conservatism fold so that they can fit in to the same type of lefty cocktail party conversation.

Posted by: dagny at February 26, 2010 05:36 AM (HaCrJ)

53 Oh my god, that woman is dumber than a bag of hammers

...and ugly as a bag of smashed a-holes.

Know what's even worse? She and her husband actually (partly) OWN a bank!

No lie. http://bit.ly/1qwiGs

Posted by: Winston Smith at February 26, 2010 05:37 AM (BFqyO)

54 The seminar callers are already on---lying to the call screener on the Chris Plant show. I hope Rush and Levine let a few of these guys on and eat them alive.

Posted by: dagny at February 26, 2010 05:37 AM (HaCrJ)

55 34 Kratos, you and I will run the DoD. With your God of War experience and my actual experience, we can do this!

Alas, CDR, actual experience in gov't posts these days is a no-no, especially if the experience came from the private sector or the military. We can try to buff that out in the resume though.

Posted by: Kratos (on the back of Gaia, scaling Mt Olympus) at February 26, 2010 05:39 AM (otlXg)

56 I hope Rush and Levine let a few of these guys on and eat them alive.

I'm pleased to report that even the intellectually-challenged Sean Hannity is even doing a reasonable job of blowing these moonbats away lately.

Posted by: Winston Smith at February 26, 2010 05:40 AM (BFqyO)

57 Apologies...one "even" too many.

Posted by: Winston Smith at February 26, 2010 05:40 AM (BFqyO)

58 what time is levins show on? i normally listen to the replay, and they don't have him on the radio in my city.

Posted by: Ben at February 26, 2010 05:42 AM (wuv1c)

59 Ben-

I go here to listen online: http://bit.ly/cNHeGl

Posted by: Winston Smith at February 26, 2010 05:44 AM (BFqyO)

60 Heather, but isn't Hank Reardon sexy?

The Reardon metal bracelet? Wicked awesome. I would love something like that.

Posted by: HeatherRadish at February 26, 2010 05:44 AM (mR7mk)

61 I have a Prince Albert with a spike made of Reardon metal.

Posted by: Andi Sullivan at February 26, 2010 05:46 AM (BFqyO)

62 proof that in America, ignorant people get representation too.

Posted by: mark c at February 26, 2010 05:47 AM (SBIko)

63 Oh my god, that woman is dumber than a bag of hammers

While I do agree with that, it is a little much to say that in response to this video. Ask any recent college grad the difference between the federal funds rate and the federal discount rate, I guarantee more than 75% would get it wrong. Even ones with economic or finance related degrees.

Posted by: Sam at February 26, 2010 05:49 AM (Cxsey)

Hank himself is one of the sexiest characters ever to live in print. I've always been slightly annoyed at dagny for dumping him in favor of John. Considering there aren't a lot of women in the gulch, she could have both?

Hank's brother in law is the classic babyboomerbaby of today.

Posted by: dagny at February 26, 2010 05:49 AM (HaCrJ)

65 In the in the interest of accuracy, I believe that the correct spelling is "Rearden."

Posted by: Winston Smith at February 26, 2010 05:51 AM (BFqyO)

66 She is sooo concerned with Banks passing costs on to consumers, but keeping corporate tax rates very high does nothing at all to consumer prices does it Maxine?

How about new taxes on Health Care coverage? How about requirements for levels of coverage for policies?

In your pea brain do you think those things affect consumers?

Posted by: DavidM at February 26, 2010 05:52 AM (R/e5b)

67
Maxine Waters and Barney Frank single-handedly ruined the housing market.

And voters still vote for them.. Astonishing.

Posted by: Lemon Kitten at February 26, 2010 05:52 AM (0fzsA)

68 Rearden Steel and John Galt tee shirts:
http://bit.ly/amBjVK

Posted by: Winston Smith at February 26, 2010 05:53 AM (BFqyO)

69 68 You are correct sir. I guess there was some subliminal spelling at work.

Posted by: dagny at February 26, 2010 05:54 AM (HaCrJ)

70 After Atlas Shrugged, I moved on to the hard stuff.

Posted by: real joe at February 26, 2010 05:57 AM (WjerO)

71 Nice hair.

Posted by: Lobar Pendulum at February 26, 2010 05:59 AM (caUKO)

72 73

I'm a big fan of his granddaughter: http://bit.ly/aZm4i3

Posted by: Winston Smith at February 26, 2010 06:00 AM (BFqyO)

73 Bernanke's got that whole Epic Beard Guy thing going on.

Posted by: DelD at February 26, 2010 06:10 AM (MQ1LO)

74 Hey, leave her alone. She's got great hair.

Posted by: Al Sharpton at February 26, 2010 06:15 AM (YCVBL)

75 I actually listened to it twice, assuming I misunderstood. Nope. She's still stupid, and he has manners.

Posted by: di butler, kinky denture sharer at February 26, 2010 06:15 AM (S3xX1)

76 California's 35th Congressional district must be a thriving one....

Posted by: Masshole at February 26, 2010 06:16 AM (hjyb5)

77 Borat, Borat, Borat!

Posted by: pamella at February 26, 2010 06:17 AM (n6Pov)

78 she's too dumb to understand that the new RESPA regulations imposed by Congress January 1st have already increased closing costs for mortgages thousands of dollars. The regulations have made closings diificult and at the very least delayed which is why new home sales "unexpectedly" fell to all time lows last month. Guess what? Existing home sales for January will fall "unexpectedly" too. The news will be out in about an hour.

Posted by: R Roma at February 26, 2010 06:21 AM (k7SeR)

79 Oh my god, that woman is dumber than a bag of hammers

Watch It!

Posted by: Bag of Hammers at February 26, 2010 06:27 AM (GF+6V)

80 I made it through the first minute, and feel dumber for subjecting myself to even that much of her "insight".

Posted by: Hatchet Five at February 26, 2010 06:30 AM (tafgh)

81 Hey, leave her alone. She's got great hair.

Not, however, original equipment. I always wish someone would sneak up behind her and yank it off her head.

Posted by: Peaches at February 26, 2010 06:34 AM (9Wv2j)

82 It's my fault. I smoked all the crack I could beg, borrow, steal, or prostitute myself for when I was carrying the poor girl. Yes, she's a crack baby.

Posted by: Maxine Waters's Mom at February 26, 2010 06:34 AM (2g+sb)

83 Who are the MORONS who vote for this hag?

Posted by: Kristi at February 26, 2010 06:35 AM (7GgDy)

84 In 2004, Maxine was one of the staunchest defenders of Fannie and Freddie and the corrupt Franklin Raines and the scams that created these shit mortgages in the first place. The tiny acorn that grew into the might oak that has all but destroyed our economy.

Posted by: Peaches at February 26, 2010 06:41 AM (9Wv2j)

85 87 In 2004, Maxine was one of the staunchest defenders of Fannie and Freddie and the corrupt Franklin Raines and the scams that created these shit mortgages in the first place. The tiny acorn that grew into the might oak that has all but destroyed our economy.

At least in the end, there will be only chaos.

Posted by: Kratos (on the back of Gaia, scaling Mt Olympus) at February 26, 2010 06:45 AM (otlXg)

86 "86 Who are the MORONS who vote for this hag? Posted by: Kristi at February 26, 2010 10:35 AM (7GgDy)" What? You want to answer that and get banned? Lets put it this way. I can't believe they put one of these motherfuckers is in the white house.

Posted by: LtE113 at February 26, 2010 06:48 AM (3NFq/)

87 Saw it live. I knew that most blogs would pick up on Ron Paul missing the point he was making without pointing to this incoherent mess by other Representatives. Paul made the point that the Fed Reserve can loan money to any foreign country it wants without telling anyone at any time. But yeah, these guys don't know what they are doing. That's why their health care bill makes no sense.

Posted by: ThackerAgency at February 26, 2010 06:51 AM (HhRUR)

88 Yes, Rearden was way hotter than Galt. It's the difference between the Idea Man and the Man Who Makes It Happen. Got to go with the latter.

Posted by: barbelle at February 26, 2010 06:59 AM (qF8q3)

89 can you call a douche a douche?

Posted by: Joy to the whirled at February 26, 2010 06:59 AM (WVBjj)

And The Hill.com voted her as one of the most beautiful people in DC this year too.

O Dear. And I catch all kinds of crap for stating there is no God. Is more proof needed?

Posted by: barbelle at February 26, 2010 07:01 AM (qF8q3)

WASHINGTON, Feb 26 (Reuters) - Sales of previously owned homes in the United States unexpectedly plunged in January, an industry survey showed on Friday, fresh evidence the housing market has yet to find stable ground.

The National Association of Realtors said sales fell 7.2 percent from December's level to an annual rate of 5.05 million units, sharply below market expectations for a 5.50 million unit pace.

when you threaten the lenders principal if an i is not dotted, don't be surprised if you get less lending. the buyers are there. the new regs are the cause. where it gets dangerous is combining this with the new appraisal regs Andrew Cuomo managed to get imposed on the entire country last year. fewer comparable sales (appraisers can only go back 90 days now) mean lower appraisal values and fewer closings causing a negative feedback loop that can snowball downhill, increasing foreclosures and causing a double dip recession.

Posted by: R Roma at February 26, 2010 07:02 AM (k7SeR)

I took it as God's punishment...

I guess that's fair.

Posted by: barbelle at February 26, 2010 07:04 AM (qF8q3)

93 Deportation. That's all one can say about Maxine Waters: Deportation.

Posted by: Curmudgeon at February 26, 2010 07:05 AM (ujg0T)

94 Who are the MORONS who vote for this hag?

It's Los Angeles. California. Does any more need said?

Posted by: Hatchet Five at February 26, 2010 07:08 AM (tafgh)

95 Maxine Waters makes Ron Paul look like some sort of Super Genius. Yeah, Super Genius.

Posted by: shibumi at February 26, 2010 07:10 AM (OKZrE)

96 We could team Maxine up with Ron Paul as the "Dumb and Crazy" ticket. Would keep comedians employed for decades, if nothing else.

Posted by: Hatchet Five at February 26, 2010 07:10 AM (tafgh)

Mr Bernanke, If I were to start wearing a dead person's teeth, can you guarantee this committee my breath won't stink?

Posted by: motionview at February 26, 2010 07:11 AM (DtSf1)

98 Maxine Waters makes Ron Paul Hot Air Commenters look like some sort of Super Genius. Yeah, Super Genius.

FIFY.

Posted by: Hatchet Five at February 26, 2010 07:11 AM (tafgh)

99

The really sad part is, there are actually folks out there who are even more brain dead than Maxine Waterhead is. The folks who keep electing her Congresswoman over and over again.

Posted by: Blazer at February 26, 2010 07:12 AM (t72+4)

100 25 And she keeps getting re-elected? Hum? Says something about the people in her district. As someone who lives in her district, I'd say that you're correct: the 'something' you mention is that most here have been mis-/under-educated as to the purpose of government and as to simple economics and are being hindered in the repair of that education by the prevalence of the entitlement mentality. I am one of those mis-/under-educated persons but was blessed enough to recognize it. Thank God for men like Thomas Sowell and Mark Levin.

Posted by: baldilocks at February 26, 2010 07:13 AM (ERWMr)

101 Waters is a fucking idiot. And so are those people in LA who vote for her. Anyone running against her should show this video as well as the one where she went on and on about how solvent and secure Fannie Mae and Freddie Mac were. Dumb bitch!

Posted by: GarandFan at February 26, 2010 07:14 AM (6mwMs)

102

The really sad part is, there are actually folks out there who are even more brain dead than Maxine Waterhead is.

Yeah, how about that pop-eyed idiot from Atlanta. She got so bad that she was too far out for even the blacks in Atlanta and they finally voted her out of office.

The last I heard she was in jail over in Israel.

Posted by: Vic at February 26, 2010 07:14 AM (QrA9E)

103

The really sad part is, there are actually folks out there who are even more brain dead than Maxine Waterhead is. The folks who keep electing her Congresswoman over and over again.

It's not so much brain dead (although it may be that too), as it is treasonous. her constituents, the ones who beat Reginald Denny to near death, burned Korean stores down, and acquitted OJ Simpson, are basically animated by hating whitey, hating capitalism, and hating America, or what they call "Amerikkka". This is how they think.

I denounce myself in advance, although if anyone deserves to be denounced, it is them.

Posted by: Curmudgeon at February 26, 2010 07:16 AM (ujg0T)

104 Hey, I have a good idea. Let's give control of monetary policy back to the geniuses in Congress.

Posted by: rockhead at February 26, 2010 07:17 AM (RykTt)

105 The problem is that too many of the Congressional Black Caucus are, basically speaking, potted plants. They're never going to get voted out, and unless they decide to demonstrate their incompetence in another political sphere (e.g. Ron Dellums in Oakland) they'll never voluntarily relinquish the seat. The only way they go out is retirement or indictment.

So, for all intents and purposes, the body politic is stuck with this inflamed appendix that can't be removed, and the goal is just to keep it from bursting and doing real damage.

Posted by: mrkwong at February 26, 2010 07:17 AM (G8Eo0)

106

A mind is a terrible thing to waste.

Posted by: Doodad Pro at February 26, 2010 07:18 AM (pXniV)

107 If she keeps making public statements, there's nothing more I can do to help her.

Posted by: affirmative action at February 26, 2010 07:18 AM (oZEYK)

108 43 As I made in the comments at youtube, I think Maxine Waters is really one of Tyler Perry's characters Posted by: Ben at February 26, 2010 09:31 AM (wuv1c) Ouch! lol

Posted by: baldilocks at February 26, 2010 07:19 AM (ERWMr)

109

Yeah, how about that pop-eyed idiot from Atlanta. She got so bad that she was too far out for even the blacks in Atlanta and they finally voted her out of office.

The last I heard she was in jail over in Israel.

Posted by: Vic at February 26, 2010 11:14 AM (QrA9E)

Yea, that would be the communist Cynthia McKinney. Too much of a moonbat for Atlanta, however she would have fit in just fine in Frisco or Detroit. I remember they named a street or a stretch of highway for her in Atlanta someplace and after she was given the boot, they changed the name back.

Posted by: Blazer at February 26, 2010 07:20 AM (t72+4)

110 The MAN got his boot on mah neck!

Posted by: rawmuse at February 26, 2010 07:20 AM (VvG7g)

111 Not, however, original equipment. I always wish someone would sneak up behind her and yank it off her head.

Posted by: Peaches at February 26, 2010 10:34 AM (9Wv2j)

See? This is why shave my head.

Posted by: baldilocks at February 26, 2010 07:20 AM (ERWMr)

112

The problem is that too many of the Congressional Black Caucus are, basically speaking, potted plants. They're never going to get voted out,

This is what happens when "Bantustan Districts" are drawn. As much as I hate the Commiecrats, a good many of the GOP cynically went along with this kind of district drawing, the better to make the remaning districts that much more Republican.

Posted by: Curmudgeon at February 26, 2010 07:21 AM (ujg0T)

113 As long as he can "Ossure" her, she'll be fine.

Posted by: Max Entropy at February 26, 2010 07:21 AM (uuZjB)

114 Repost 'cause all the formatting got hosed.

****

106 25 And she keeps getting re-elected? Hum? Says something about the people in her district.

As someone who lives in her district, I'd say that you're correct: the 'something' you mention is that most here have been mis-/under-educated as to the purpose of government and as to simple economics and are being hindered in the repair of that education by the prevalence of the entitlement mentality. I am one of those mis-/under-educated persons but was blessed enough to recognize it.

Thank God for men like Thomas Sowell and Mark Levin.

Posted by: baldilocks at February 26, 2010 07:23 AM (ERWMr)

115 Maxine Waters(D - OneUnited Bank) isn't even trying to conceal the source for her questions. She might as well just try to swear in the Chairman of OneUnited to ask Bernanke questions.

Posted by: wtfci at February 26, 2010 07:23 AM (+zo63)

116 TERM LIMITS..........

Posted by: MR ED at February 26, 2010 07:24 AM (GA1/a)

117 WTF is she worrying about. Her constituents were "ossured" that O'bama was going to pay their mortgages. She must be on some of that CIA crack (or the wig is too tight.)

Posted by: Max Entropy at February 26, 2010 07:25 AM (uuZjB)

118
I'm gonna run my dog for Congress this year. He'll just sit there and bark and growl and scratch himself for the cameras and you wont be able to tell one difference between what he and Maxine Waters does.

Posted by: Blazer at February 26, 2010 07:27 AM (t72+4)

119 If there ever was a poster child for term limits, Maxine Waters is it. What a fucking dunce.

Posted by: Chi-Town Jerry at February 26, 2010 07:36 AM (f9c2L)

120 #125, Blazer, I think I'd like to nominate my cat Merlin for the Presidency. He's 35 in cat years, a native-born Tennesseean, and I see no requirement as to species set forth in the Constitution.

Besides, that way I can be the President's interpreter. "President Merlin demands a bowl of tuna and the nuclear launch codes."

Posted by: SGT Dan at February 26, 2010 07:36 AM (KLFGv)

121
#125, Blazer, I think I'd like to nominate my cat Merlin for the Presidency. He's 35 in cat years, a native-born Tennesseean, and I see no requirement as to species set forth in the Constitution.

Besides, that way I can be the President's interpreter. "President Merlin demands a bowl of tuna and the nuclear launch codes."

Posted by: SGT Dan at February 26, 2010 11:36 AM (KLFGv)

Presidential Cat is not amused.

Posted by: Blazer at February 26, 2010 07:38 AM (t72+4)

122 I could be wrong, but I thought CONGRESS regulated mortgage interest rates.

And, if that's the case,

she's just drizzling $hit, hoping it'll stick to someone OTHER THAN themselves.

Posted by: franksalterego at February 26, 2010 07:38 AM (+6fgE)

123 #37 - HeatherRadish

"progressive" scrunts are yapping on about how "property rights are a superstition" and how unfair it is that some novels sell more copies than others

It sounds a lot like their recent squealing about bringing back the "Fairness Doctrine".. and how it is inherently unfair that Rush should have so many millions of listeners and their libtard buddies that make it on the air have 3 progressives and 2 cats listening.

The more things change...

Posted by: Chi-Town Jerry at February 26, 2010 07:52 AM (f9c2L)

124 Don't look at the hair, don't look at the hair, just don't look at the hair...

Posted by: Ben Bernanke's inner voice at February 26, 2010 07:52 AM (CPhzk)

125 Gee, why is it that the Democratic Party is chock full of intellectual powerhouses like Maxine Waters and Joe Biden while the GOP is stuck with that ditz Sarah Palin?

Posted by: OregonMuse at February 26, 2010 07:53 AM (JkUVD)

126

"If there ever was a poster child for term limits, Maxine Waters is it."

Hey, I worked hard for that position!

Posted by: Sheila Jackson Lee at February 26, 2010 07:54 AM (ucq49)

127 Bernanke's big mistake was trying to answer her question. He would have been better served by saying, "Ma'am, it is clear that words are coming out of your mouth on topics that you do not even remotely understand. Instead of wasting your time and mine by attempting to explain to you why your question is incredibly stupid, I suggest we move on to the next committee member."

Posted by: Steve L. at February 26, 2010 07:56 AM (Gkhxf)

128 135 SteveL, I long for the day ANY witness will stand up to one of these congressional no-nothing bullies.

Posted by: motionview at February 26, 2010 08:02 AM (DtSf1)

129 It sounds a lot like their recent squealing about bringing back the "Fairness Doctrine".. and how it is inherently unfair that Rush should have so many millions of listeners and their libtard buddies that make it on the air have 3 progressives and 2 cats listening.

We're not really listening, just too lazy to get up and turn the damn thing off.

Posted by: The Cats at February 26, 2010 08:04 AM (9Wv2j)

130 I can haz Presidency?

Posted by: Merlin the Cat at February 26, 2010 08:08 AM (YmPwQ)

131 A black person has to work twice as hard and be twice as good as whites to achieve the same levels of wealth and power.

And if you're black and a woman, it's three times as hard and you gotta be three times better!

It's true!

Posted by: Warden at February 26, 2010 08:26 AM (TIGTh)

132 The best and brightest of the Dimwitocratic party

Posted by: proreason at February 26, 2010 08:35 AM (+8dSJ)

133 I just couldnt stop laughing when the guy sitting in front of Waters looks up and we see him on camera. It looks like something out of Mystery Political Theater 3000.

Posted by: Val Prieto at February 26, 2010 08:49 AM (GSKW/)

134

A black person has to work twice as hard and be twice as good as whites to achieve the same levels of wealth and power.
And if you're black and a woman, it's three times as hard and you gotta be three times better!
It's true! -Warden

Then how in the world did this mental midget get to be a congresshole?

Posted by: motionview at February 26, 2010 08:50 AM (DtSf1)

135 nickless: "Quite likely one of the stupidest people to ever sit in Congress live on the earth."

FIFY

Posted by: Bitsko at February 26, 2010 08:53 AM (8/KZN)

136 I can't in good conscience say anything. Ron Paul represents my district.

Posted by: NoCosmologist at February 26, 2010 08:55 AM (oW2Dr)

137 This woman is clinically braindead. And so are the assholes who keep sending her back to congress.

Posted by: Unclefacts, Summoner of Meteors, and Buckets of Scorn for the Left at February 26, 2010 08:55 AM (erIg9)

138 This woman is clinically braindead. And so are the assholes who keep sending her back to congress.

I haz the appropriationz!

Posted by: Big Government at February 26, 2010 09:03 AM (+zo63)

139 Ms. Waters, what you just said is one of the most insanely idiotic things I have ever heard. At no point in your rambling, incoherent response were you close to anything that could be considered a rational thought. Everyone on this blog is now dumber for having heard it.

Posted by: Sentient Life Form at February 26, 2010 09:04 AM (8/KZN)

140 Too bad Bernanke doesn't have a suit that fits.

Posted by: dorkafork at February 26, 2010 09:09 AM (98yel)

141 I actually listened to it twice, assuming I misunderstood. Nope. She's still stupid, and he has manners.

Posted by: di butler, kinky denture sharer at February 26, 2010 10:15 AM (S3xX1)

I listened to it twice also, the second time with increasing astonishment. Astonishment not at the stupidity of an elected member of Congress, but at the ability of Bernanke to keep from interrupting her by saying "Maxine, shut the fuck up, your total lack of intelligence is starting to kill my brain cells."

Posted by: mikeyslaw at February 26, 2010 09:10 AM (QMGr1)

142 I can haz tuna? Hooman can haz work.

Posted by: SGT Dan at February 26, 2010 09:41 AM (KLFGv)

143 Sarah Palin thinks she's retarded.

Posted by: Dr. Spank at February 26, 2010 09:43 AM (muUqs)

144 what i know about monetary policy qualifies me to be trash collector or congressman.

Or Fed Chairman. Helicopter Ben looks good only in comparison to Waters. He ought to be decorating a cell somewhere.

Posted by: Ken at February 26, 2010 09:47 AM (vT7rz)

145 Just a few years ago, Maxine Waters would have been getting Bill Clinton's coffee.

And she'd still be unqualified for her job.

Posted by: Warden at February 26, 2010 09:50 AM (TIGTh)

146

She goes to a battle of wits and shows up witless!

What else is new with Maxipad Walters? Clueless useful tool.

Posted by: Andrew at February 26, 2010 10:04 AM (pIAnH)

147 Waters!!! S&!T !!!

Posted by: Andrew at February 26, 2010 10:06 AM (pIAnH)

148 I believe Maxine Waters' district coincides with most of the territories claimed by the Bloods and Crips. What a co-inky-dink.

Posted by: J.J. Sefton at February 26, 2010 10:07 AM (9Cooa)

149 Yawl are missin' the point: Sure she's dumb but she's a Textbook Liberal: She has a wrong idea stuck in her tiny be-wigged head and she stays Stuck On Stupid, regardless of what Bernake says and how much evidence is given to her that she's wrong.

Posted by: SantaRosaStan at February 26, 2010 10:11 AM (JrRME)

150 157 I believe Maxine Waters' district coincides with most of the territories claimed by the Bloods and Crips.

What a co-inky-dink.

Posted by: J.J. Sefton at February 26, 2010 02:07 PM (9Cooa)

Waters is indeed a dunce. However, take a cautionary lesson from her example: don't discuss things about which you have no knowledge.

Posted by: baldilocks at February 26, 2010 10:17 AM (ERWMr)

151

baldilocks at February 26, 2010 02:17 PM (ERWMr)

Hi baldilocks,

I like the cut of your jib.

Posted by: Ed at February 26, 2010 11:00 AM (OCfDT)

152 You people just don't understand. I'm here to keep California voters from thinking about how dumb Feinstein and Boxer are, and I think I'm doing a really good job.

Posted by: Maxine at February 26, 2010 11:29 AM (pRvXg)

153 She's always stood by me. C'mon, can't we all just get along?

Posted by: Rodney King at February 26, 2010 11:33 AM (ucq49)

154

Maxine Waters doesn't sound as deranged as she usually does. I will always remember her ranting and raving on CNN in support of the LA rioters in 1992. If you can overlook the E b o nics she's no less eloquent in her speech and thought patterns than Patty Murray. (Which perhaps isn't saying much.)

The concern that banks will use a raise in the discount rate as justification to raise rates that are theoretically unrelated to the discount rate is real. In fact they do it all the time.

Posted by: Jesse Helms think-alike at February 26, 2010 12:03 PM (yFFFa)

155 and this is why the Federal Reserve system is necessary, to keep these idiots and their campaigns out of Monetary policy as much as possible.

Posted by: jp at February 26, 2010 12:58 PM (DFDtC)

156 Call me amberlamps

Posted by: Phat blakchik at February 26, 2010 01:21 PM (2jp4I)

157 My god, what a stupid woman! According to her bio, she has a liberal arts degree from some diploma mill. Boy, it is sure is obvious, isn't it? This woman has got to be one of the dumbest, most economically illiterate pieces of human debris to ever defile a seat in the house of representatives. She is an imbecile, an empty vessel, the personification of the bag of rocks. A dead tree stump has more common sense then this pathologically ignorant petrified clod. Don't forget! It was Maxine who assured us that there was nothing wrong with Fannie Mae and Freddie Mac. My god, the stupidity of these people is almost laughable if it wasn't so frighteningly sad.

Posted by: mistress overdone at February 26, 2010 01:55 PM (2/oBD)

158 Waters has got to be one of the people Bill Ingvall had in mind when he came up with the "Oooh Look!!! Chiclets!!" line.

Posted by: Count de Monet at February 26, 2010 02:26 PM (2g2ex)

159 Reckon I cud be one of them congesspersons...hmmm-hm...soon as I finish these here french-fried pertaters...hmmm-hm.

Posted by: Karl Childers at February 26, 2010 02:33 PM (k0ncP)

160 Graphs rendered with crayon would be helpful for cretins like Maxine.

Posted by: kcs at February 26, 2010 03:53 PM (/8qpd)

161 You guys are all calling this one wrong. I am no fan of Maxine, to put it mildly. But she actually has a point here. Can any of you state that raising the discount rate will not have any effect on mortgage rates?

The story here is how little Bernake explains a damn thing. He doesn't say "no, there is no correlation between the two rates". He says "it's just an iddy biddy rate increase, don't sweat it, trust me". No one asked if a mortgage increase would be small. They asked if it would go up.

Yes, Maxine is an idiot and a communist. But this video is not the proof. This video is proof that Bernake is an evasive Fed chairman, which is, of course, a redundant description.

Posted by: Randall Hoven at February 26, 2010 05:12 PM (XBuIV)

162 Bernanke is a bigot!

Posted by: Chas Johnson at February 26, 2010 08:55 PM (d7Px0)

163 170 You guys are all calling this one wrong. I am no fan of Maxine, to put it mildly. But she actually has a point here. Can any of you state that raising the discount rate will not have any effect on mortgage rates?

Ranadll, I'm going to speak S-L-O-W-L-Y to you so you can understand. The federal discount rate is NOT the same as the federal funds rate. And yes, I can say that raising the discount rate will NOT raise adjustable mortgage rates. The thrust of the video posted is to demonstrate how devoid Rep. Waters is of intellect and common sense. You've not only missed the point entirely, you're making the same dumbass assertion dopey Maxine is is making. Wise up.

Posted by: FatBaldnSassy at February 27, 2010 08:55 AM (YiECU)

164 173 So, it's the discount rate and not the federal funds rate. And how does that explain how it works and how it does, or does not, correlate with mortgage or consumer interest rates, even when said s-l-o-w-l-y?

Let me say something s-l-o-w-l-y: an explanation of cause and effect must explain cause and effect, not simply give it a name or say "it's just iddy-biddy".

Actually, you idiots, the discount does have an effect on mortgage rates. It's just that it can be, and currently is, overwhelmed by other factors. In other times, they followed each other more tightly. The relationship is complicated. Neither you nor Bernake explained anything. Thanks. But calling me names s-l-o-w-l-y probably made you feel less stupid than you know you really are.

Posted by: Randall Hoven at February 27, 2010 02:11 PM (XBuIV)

165 Here is an excerpt from an Econ 101 textbook, "Economics", by Paul Samuelson:

"Changes in the discount rate... can thus have important reinforcing causal effects upon the credit market. The effective interest rates banks charge customers -- such as the 'prime rate' charged biggest corporate borrowers -- may soon get forced up to maintain their usual differential above the discount rate."

Maxine, although a commie idiot, confronted Bernake with a straightforward Econ 101 issue, and he could not answer it other than by buzzing and mumbling. The normal first- or second-order effect of raising the discount rate is an increase of "interest rates banks charge customers". That is Econ 101, folks.

Did I say that Econ 101 explanation S-L-O-W-L-Y enough for you to follow, 173?

Posted by: Randall Hoven at February 27, 2010 02:47 PM (XBuIV)

166 Can any of you state that raising the discount rate will not have any effect on mortgage rates?

Yes - provided the banks involved a) have little to no involvement with ARMs and/or b) are not compelled by other factors involved, a rise (especially a small one) in the discount rate will have no effect, in and of itself, on mortgage rates for pre-existing mortgages.

The story here is how little Bernake explains a damn thing.

No - lil' Maxine (and about 99% of the others listening) does not have the ability to comprehend any explanation that he could make that would explore and explain the likely disconnect between the Fed's referred-to action vis a vis the discount rate and ARM rates.

And it's "Bernanke", not "Bernake".

He doesn't say "no, there is no correlation between the two rates".

Actually - yes, he does, several times, in various ways. And lil' empty-headed Maxine doesn't get it

He says "it's just an iddy biddy rate increase, don't sweat it, trust me".

Which is almost certainly true, and is at a level that lil' Maxine might - he hopes - be able to fathom

No one asked if a mortgage increase would be small. They asked if it would go up.

And since, in this situation, there is no necessary correlation that would make a mortgage rate increase on pre-existing ARMs, he answered quite adequately.

Yes, Maxine is an idiot and a communist. But this video is not the proof.

Well, it's additional proof - as if any were needed. The woman's skull is emptier by far than outer space - if you thumped her on the forehead with a knuckle, it'd make a sound like a very large, completely drained wooden barrel. She makes Barbara Boxer appear to be a Mensa candidate by comparison.

This video is proof that Bernake is an evasive Fed chairman, which is, of course, a redundant description.

That's a large part of his job - "evasive" is in the job description for Fed chairmen, especially when dealing with Congressional know-nothings.

And it's still "Bernanke"...

"Changes in the discount rate... can thus have important reinforcing causal effects upon the credit market. The effective interest rates banks charge customers -- such as the 'prime rate' charged biggest corporate borrowers -- may soon get forced up..." (emphasis added)

Ahhh - yes. Econ 101. Theory, of course - not an actual set of conditions and/or events...no necessary connection - just a certain level of conjecture and possiblity.

I am no great fan of Bernanke; just the opposite, in fact - he's largely part of the problem, rather than any kind of solution. But trying to somehow verbally insert intelligent activity into the echoing void that is Maxine Waters' cranial cavity is a total waste of time - he recognized that, going in. This is just a further example of that.

Posted by: J.S.Bridges at February 27, 2010 10:20 PM (itDgB)

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