Posted on 09/03/2009 8:47:00 AM PDT by Sammy67
Michelle Malkin: Independent TV documentarian Jan Helfeld asks California Democrat Rep. Pete Stark about the national debt and the economy. Stark tells him repeatedly to “shut up,
(Excerpt) Read more at breitbart.tv ...
And MBA from Berkeley? (snicker) Maybe they have a good program there, but most of what I see coming out of Berkeley are fluff-for-brains crystal bunny airheads.
BINGO
“I did find the interviewer’s manner somewhat grating.”
It’s intentional...this is a smart guy who is asking intentionally simple questions that any American with any grade level could ask and understand...the Ahole Rep he is talking to sneers at the education level he has, the elitist pig...
The interviewer blew this opportunity. He clearly doesn’t understand that Mr. Stark repeatedly made statements based on fact regarding our monetary supply / system. By not understanding exactly what Mr. Stark was saying, he failed to take the opportunity to further enlighten his viewers that while Mr. Stark may be correct about our present system, that doesn’t mean it is Constitutional, or safe for the Republic.
Lots and lots of people replying on this thread are completely missing this point, focused on Mr. Stark’s reaction to being badgered, as opposed to what he actually said...
No kidding. If owing lots makes you lots richer, then all those people in bankruptcy court are surely among the wealthiest in the country, eh?
Dems are THE powerful "Establishment" - and they pretend to be powerless students stuck in 1968 dreams...
Stark’s concern for the debt and deficit seem to fluctuate with the Party in power:
“The Republicans took a 5 trillion dollar surplus and turned it into a 3 trillion dollar deficit in four years. That’s over 8 trillion dollars down the drain. And what happened? They gave almost all of it in tax cuts to the very wealthy, and the needless war in Iraq. What did we lose? We lost almost 3 million American jobs. We had a cut in average income of $1,600. We have one out of every six children living in poverty. We have cut public funding for public education. We have relaxed laws to protect the environment.”
Link: http://www.tricityvoice.com/articledisplay.php?a=2941
HMMM this seems a little different than his current belief that we are wealthier now that we have a larger debt and deficit.
FReepers are *quick*.
Bookmarked to watch later
The debt to which Mr. Stark refers is the debt that creates our money supply. One debit of debt = one credit in the form of a dollar entered into circulation (simplified).
This debt increases essentially exactly in equal proportion to how much money we have in circulation, hence Mr. Stark’s claim the Nation becomes more wealthy with an increase in debt.
The interviewer fails to make this distinction and misses a great opportunity to get Mr. Stark on camera explaining how our present system is Constitutional and best for the Republic.
So, it's obvious Stark is not stupid - he's just an angry Communist jerk.
Was Berkeley really that liberal in 1960, though?
He said the greater our debt, the wealthier we are. Too bad this astute comment is over the head of the interviewer and many others, including me.
bttt
You're wrong.
This corrupt government employee would rather have juggled flaming chain saws than continue to get shredded by the interviewer...
The interviewer hit the ten ring when the asked the corrupt person from the government, "If debt is a good thing, why now borrow a few trillion more?"
That's is exactly why the person from the government jumped up, made violent threats, and back peddled the hell out of there.
I agree with you 100% and you stated it far more clearly then I. Thanks for the clarity.
What fun - I just called the good representative’s office in Fremont. Wow - they must be getting heat over that video. The little gal who answered the telephone was snippy just like her boss.
She wanted to know where I lived and where I was calling from. So I asked her if she wanted to know where I went to college and if I had a Ph.D. in economics. She didn’t like that.
I suggested that she get her resume updated. She didn’t like that either. LOL
I have heard this drivel from Big Zero down through a multitude of Demorats. If the larger the debt means you are richer then why don’t the masses run out and buy larger homes, more expensive cars and by doing so become Buffet/ Gates Billionaires?
His statement would be 100% correct if the monetary supply was tied to production, with a fixed constant (such as gold) used as a measure.
As it is, Mr. Stark makes essentially a factual statement, leaving out the key details that the system is un-Constitutional and concentrates enormous power into the hands of a few to the detriment of many.
To see Mr. Stark’s point you have to know that our money (dollars) is created out of think air by the issuance of debt. In that case, you can measure the “wealth” by looking at the debt. More debt = more “wealth”.
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