Al Sharpton - What kind of person would you nominate for Federal Rerserve Chairman?

Thursday, January 22nd Democratic Presidential Debat ^ | 1-22-2004 | Transcript

[dogdayafternoon]

During the Democratic Presidential debate I saw Thursday, Jan. 22nd, Peter Jennings asked Al Sharpton about what type of person he would potiently nominate for Chairman of the Federal Reserve. His response was unbelieveable, it was cheap entertainment...I was laughing hysterically. This guy is shear entertainment. I found the transcript to this portion of the debate and thought I would share it. Enjoy:

JENNINGS: If during your term as president, if you become the nominee, and you have the opportunity to nominate someone to be chairman of the Federal Reserve Board, what kind of person would you consider for the job? You can name someone in particular, if you have someone in mind.

And maybe just take a minute or so to give us a little bit about your views on monetary policy.

SHARPTON: I think, first of all, we must have a person at the Monetary Fund that is concerned about growth of all, not setting standards that would, in my judgment, protect some and not elevate those that cannot, in my view, expand and come to the levels of development and the levels of where we need to be. I think part of my problem with how we're operating at this point is that the IMF and the policies that are emanating there do not lead to the expansion that is necessary for our country and our global village to rise to levels that underdeveloped countries and those businesses in this country can have the development policies necessary.

JENNINGS: Forgive me, Reverend Sharpton, but the question was actually about the Federal Reserve Board.

SHARPTON: I thought you said IMF, I'm sorry.

JENNINGS: No, I'm sorry, sir. And what you'd be looking for in a chairman of the Federal Reserve Board.

SHARPTON: Oh, in the Federal Reserve Board, I would be looking for someone that would set standards in this country, in terms of our banking, our - in how government regulates the Federal Reserve as we see it under Greenspan, that we would not be protecting the big businesses; we would not be protecting banking interests in a way that would not, in my judgment, lead toward mass employment, mass development and mass production. I think that - would I replace Greenspan, probably. Do I have a name? No.

[Ken522]

That is an AUTOMATIC DISQUALIFICATON for Candidate Sharpton ... next!

[Eastbound]

Professor Cory? Is that you?

[leprechaun9]

That really is a silly question. The obvious answer if Jessie Jackson, since he is so good at extracting money out of innocent parties!

[Dog Gone]

No, Sharpton serves a great purpose. Democrats will never publicly admit that their candidates are idiots, but the rest of America basically catches on eventually.

[TruthShallSetYouFree]

Could be Casey Stengel.

[Eastbound]

(Not you, dogday. To Sharpguy, of course.)

[GreenHornet]

Could be Casey Stengel.

..........or Norm Crosby.

[TruthShallSetYouFree]

Great Casey Stengel quote:

"The secret of managing is to keep the guys who hate you away from the guys who are undecided."

I think I'll keep it for my tagline.

[Diplomat]

Thank you kindly, I needed a good laugh after a long day at work. I was so happy to read today his repeated assertion that he will not drop out. God bless him.

[OldFriend]

How many of the stooges on that stage could tell you exactly what the Federal Reserve Chairman does.

[GreenHornet]

Quote from Norm Crosby:

"Ignorance of the law excuses no man; not that all men know the law, but because tis an excuse every man will plead, and no man can tell how to confute him."

[John Beresford Tipton]

Da Kingfish is back in town!

[dogdayafternoon]

Glad you liked it, it's pretty incredicled a guy with these 'credentials' is amoung the Nominees. This dovetails into what Ken522 said: "No, Sharpton serves a great purpose. Democrats will never publicly admit that their candidates are idiots, but the rest of America basically catches on eventually." Nobody, at least that I've heard, on the Democratic side has really questioned Sharpton and therefore he's amoung the finalists for the Nominee. A guess there really aren't any standards!

[Major_Risktaker]

How about a Link to news article please.

[TN4Liberty]

Sadly, despite this answer, Sharpton sounded like the brightest guy there.

[weegee]

And yet the media calls our President "Dumbya" and a moron.

This too will get a pass by the lamestream media.

[dogdayafternoon]

Hear you go - The Sharpton bit starts about 1/3 of the way down:

http://www.foxnews.com/story/0,2933,109293,00.html

[fhayek]

IIRC, the President of the United States does not appoint the head of the IMF. Shouldn't someone running for president know that?