Maddow Logic :Benanke good, Bankers bad, stock market good, Wall Street bad.
This poster sums it up:
Posted on 10/29/2011 12:52:38 PM PDT by sickoflibs
On Aug 16, 2011 decided to roll in a critical comment about Republicans trying to keep the economy bad. She said that Bernake was keeping interest rates low to help the economy because Republicans were refusing to cooperate and that his announcement about it boosted the stock market(assumed a good thing).
But last week on her show October 19, 2011 just two months later she was on a ‘Wall Street is evil’ theme consistent with the OWS protests and she said that the ‘banking ‘ policies for keeping interest rates low was bad because it stopped people from saving for retirement (a long-time Schiff point) and instead into the stock market (Wall Street) making it impossible for us to retire.
Case 1 : Maddow on Bernanke and low interest rates Aug 16, 2011 :
The president alone can`t do anything on fiscal policy really —fiscal policy is only controlled through Congress. That`s the whole purse strings thing, right?The U.S. economy needs a shot in the arm right now, right? It needs a little bit of help.
clip
You may recall last week when the Fed announced it was going to keep interest rates exceptionally low for the next two years, the market shot up more than 400 points that day after losing 600 points the day before.
The extent to which congressional Republicans are able to stop there from being any jobs policy in Congress to help the economy is the extent to which we are all sort of dependent on hopefully, maybe, the Fed doing something to try to help. It`s essentially the only other option that the country has.
If you don`t want the economy to be helped, if you sort of like the idea of the economy being absolutely in the tank when a Democratic president was trying to run for reelection, you better that hope not do congressional Republicans keep blocking any policy from getting through Capitol Hill, but you also better hope that the Fed feels too afraid to act as well.
Link to full show transcript (Maddow on low interest rates on Aug 16, 2011 : “ Bernake lowering interest rates helps the economy and Boosts the stock market”)
Case 2 :Maddow on low interest rates and bankers on October 19, 2011:
Those are the three pillars: pension, savings, Social Security. That is what made the idea of retiring possible in this country. That is what made the prospect of getting old less scary than it otherwise would be.
But what`s happened to those three pillars over the last generation has been really good for one specific entity in America but has not been good for the rest of us.
(Clip)
But there`s always that second pillar, right? Personal savings, they deal with personal savings is that in addition to your pension, you could also put money away over the course of your career and it would be there when you retired. And that used to be the way it worked.
In the 1970s and early `80s, the personal savings rate in America was pretty good. People are saving on average about 12 percent of their monthly disposable income. What`s happened since then? What`s happened over the last generation? Yes. Americans stopped saving. (clip)
For another thing, saving money by sticking it in the bank as your grandfather probably advised you, that has essentially been discouraged over the last generation by banking policies that mean you can`t earn interest on money if you try to save it.
Here`s what happened to the interest rates for bank deposits over the last generation. That`s the interest rate that the bank pays you for letting them hold on to your money and loan it out. You used to be able to make some money off saving, used to make some interest. You were incentivized to put your money away. But not anymore.
And so, what do you do when you have disposable income that you`d like to turn into retirement money but can`t make that happen by keeping in a bank? How do you grow that money?(Clip)
The decline in the personal savings rate in the country has also ended up being a huge boon for Wall Street. You can`t make your money grow by putting it in a bank anymore, put it in Wall Street. See what happens. Pull the lever.
Link to full show transcript ( Maddow on low interest rates on October 19, 2011 :“Americans don’t save for their retirement because of banking policies to keep interest rates low” )
Maddow Logic :Benanke good, Bankers bad, stock market good, Wall Street bad.
This poster sums it up:
This has been on my list of things to post for a while.
I try to go over to that channel and watch her show time to time. I don’t last longer than 10 seconds.
With shows like that you have to be doing something else at the same time listening to her for gems like this, see comment #1.
All 2009 she gave lectures about how the fastest way to create jobs was food stamps and welfare in the stimulus bill.
Yes, folks, it appears that such stupidity is not a biological accident.
Something is afoot.
Thankfully, she will not reproduce....because this is a genuine threat to humanity.
When I look at Maddow, the last thing that comes to mind is "how long I could last"....urk
I know I thought about that wording to late.
If liberals were rational and consistent they’d be conservatives.
I’ve managed to watch her for a few minutes at a time, as well
Near as I can tell, her sole talent is the ability to serve up the liberal talking-points of the day with an air of smug self-assurance.
Come to think of it, the ability to tell whoppers with a straight face is the principle skill of dems in general...
There was supposed to be a sarc tag after that last sentence above.
She gets onto economics and lectures us that
“ Everyone knows that food stamps and tax credits to the poor is the fastest way to create jobs. All the expert economists agree.” with a straight face after pushing the same tripe nightly in 2009 to sell the stimulus. So the failed stimulus is proof we need another?? She explains that we just found out recently that the recession was worse than anyone thought and we needed a way bigger stimulus.
She's been doing those short 'We can build big things again because that is who we are' commercials that NEVER ask her viewers to pay the higher taxes.
Dumb AND arrogant.
Then there's the race baiting and pushing for the homosexual revolution.
What should one expect from an idiot.
The first time I saw that commercial I thought it was a joke. She is (as the rest of them are) just awful. Yet they carry the water for the WH.
Maddow is a communist along with the rest of the alphabet MSM.
Then there’s the race baiting and pushing for the homosexual revolution.
I wonder what her status would be were she not a known Lesbian. She isn’t a known economist obviously.
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