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Congressman Pete Stark Explains Leverage, Tells Reporter To "Get The Fuck Out"
In a clip that has to be seen to be believed, California Congressman Pete Stark displays the most unbelievable combination of economic incomprehension, stupidity, hubris, and to top it off tells interviewer Jan Helfeld to "get to fuck out" or he will be thrown out of the window for daring to expose just what a sack of... hot air Stark is.
A line that will now live forever, thanks to Congressman Stark: "The more debt we owe, the wealthier we are".
That pretty much sums up political "thought"
hat tip Janis
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Actually I think the reporter is kind of a moron. Incredibly naive. I would have thrown him out, too.
Did anyone bother to check that Stark voted against the 2008 farm bill and 2008 bailout because of excessive cost? It seems to me that Jan should have done his homework better, if he's going to attack Stark because of the deficit. Not that I support Stark (in fact, I just now have heard of him for the first time), but at least take the time to read the Wikipedia page on the guy you're about to interview.
Yeah because Wikipedia "always" tells the truth bwaahaahaa.
Get a clue...
Yes, that's that's exactly why you check Wikipedia... to get a clue. Good point.
Pete Stark ia an asshole!
Stark is an education elitist (someone who believes you're incompetent unless you have degrees from the "right" institutions). He is furious with the reporter because he (stark) can't explain his beliefs. He has to have someone w/ the "right" pedigree tell him what to think. That is all it takes for me to put him on my "throw the bums out" list.
Yeah, he couldn't explain it so he basically said the guy was unable to understand it, copped out by condescending. Not an endearing habit. What Stark wasn't saying, or was unwilling to say, we are only more wealthy with a large debt if we debase the currency the debt is in. The problem with saying that is foreigners don't want to fund your spending if they know that's the policy.
exactly.
Its not hard to vote against a bill if you know its going to pass. Its token resistance.
Calling the Gulf War and Iraq War what it is? You deserve credit for that? An 18 year old could tell you (I hope, I knew by that age). Really, it is disgraceful that it is the exception to "tell it like it is", it is not praiseworthy by any means.
If the government spends the money wisely there is no problem with debt. Is that the case? I don't think so. They have started taking on debt to co-opt the lower levels of society. Pretty scary stuff, if you think about it.
Degree from a good college huh... That's code for have you been brainwashed by the right liberal professors.
I'm an unemployed Canuck. Can I move to California and run for Congress?
Guys, he just mean that MORE OF YOUR DEBTS = MORE OF THEIR WEALTH Fed is printing money not out of thin air as popular belief explains but print against collateral in the form of US Treasury Bills, so more feds borrow on your behalf, more new money goes from Fed to banks, thus more money banks have to bribe feds futher. That's the main point of fiat currency Mega-Ponzi-scheme. But I bet they explain it in a bit different way in their "top" colledges:)
The only thing that pisses me off more than this POS are the people that keep voting him into office!!
Haven't listened to the video yet (no speakers @ work), but read up on this guy.
[edit] 2008 financial crisis
On September 25, 2008, Stark and Oregon Democrat Rep. Peter DeFazio signed a letter to House Speaker Nancy Pelosi proposing a one quarter of one percent “transaction tax” on all trades in financial instruments including stocks, options, and futures. On September 29, 2008, Stark voted against HR 3997, the bailout bill backed by President Bush, House Speaker Pelosi and Presidential Candidates Barack Obama and John McCain, and the bill subsequently failed to pass. Explaining his vote, Stark stated:
"President Bush tells us that we face unparalleled financial doom if this $700 billion bailout is not approved today. He and his Treasury Secretary – a former Wall Street fat cat – tell us that we have reached the point of 'crisis.' That is a familiar line from this President. It sounds like the disastrous rush to war in Iraq and the subsequent stampede to enact the Patriot Act. As I opposed the Iraq War and the Patriot Act, I stand in opposition to his latest rush to judgment."[30]
On October 3, 2008, Stark voted against HR 1424, the Emergency Economic Stabilization Act of 2008. With this vote, Stark became the sole member of the House of Representatives from the San Francisco Bay Area to oppose the bill. [31] Explaining his vote, Stark stated:
"You're getting the same kind of misinformation now, the same kind of rush to judgment to tell you that a crisis will occur. It won't. Vote 'no.' Come back and help work on a bill that will help all Americans." [31]
http://en.wikipedia.org/wiki/Pete_Stark
Ok, so I'm thinking... a light beer commercial... We Salute you,... Congressman Stark ( and other fishy dems ) who knows very well how government debt = wealth! A trillion here... a trillion there and we're all rich! ( I'm reporting this threat to fishy.gov )
What a fucking idiot. He should be shot.
Stark has no medical degree but sure proposes a lot of health care legislation.
Reporter = Constitution: Window = Discount Window
Representative = Zero Interest:
What does it mean? Judgment cometh!!!
It's true.
But by "we" he means him & the anational banksters not working serfs.
What about this statement coming from Warren Mosler:
Budget Surpluses Have Been Allowed to Cause Depressions
Our last budget surplus ended in 2001, and was reported as the longest surplus since 1927-1930. Do those dates ring a bell? In fact, the first six US depressions followed the first six sustained budget surpluses. In 1836, President Jackson actually paid off the federal debt and the worst depression on record followed. The last major nation to allow a budget surplus was Japan, 1987-1992, and they are only now emerging from a decade plus economic nap, and record unemployment.
It’s quite simple, government surpluses drain the financial assets we call savings from the economy, eventually destroying it. And economies do not recover until AFTER there has been a large enough deficit to restore lost equity (and income) and supply sufficient the net financial assets needed to support the next credit cycle."
from here http://mosler2012.com/?page_id=24
I don't like Stark's attitude, but I also wanted to tell teh interviewer to shut up. He didn't seem interested in getting an answer, and would quit talking. A poor interviewer who came across looking foolish.
I don't like Stark's attitude, but I also wanted to tell teh interviewer to shut up. He didn't seem interested in getting an answer, and would not quit talking. A poor interviewer who came across looking foolish.
Is it any wonder this country is in so much trouble. That is truely amazing - but what is almost as equally amazing is his stupidity is his arrogance - When are the people of this country going to start eliminating bastards like this one way or another?
Being elected is not the same as being a leader. It only means being elected. Having access to tools, services and exercising authority during that period of time while in office are not the identifying marks of a leader either. It only means that office requires certain tools and services to accomplish specific tasks. It’s unfortunate that such elementary concepts appear to have been lost on our current crop of elected officials, but it’s up to us to teach and remind them who the servant is and who is being served. Any official who serves should not be required to serve in perpetuity, but should be allowed to retire to freedom with the rest of us. We evidently have made these positions of service too easy for them because they want to spend their lives there. Perhaps it’s time we make their lives miserable.
OH - MY - GOD! ... Maybe Mr.Congressman has got some degrees at universities, but he surely has NO degree in COMMON SENSE. America ... I probably start pray for you, because it seems to be the last thing I can do even though Im not a believer.
You are free to do as government tells you is not freedom.
"The coward asks the question is it safe.
Expediency asks the question is it politic.
Vanity asks the question is it popular.
But conscience asks the question is it right
And there comes a time when one must take a position that is neither safe, nor politic, nor popular but he must do it because conscience tells him it is right."MLKjr
The congressman was telling the reporter the truth.
The reporter was unable to comprehend because what he was being told was too much too soon. Overload. Read HJR192...read history...read people READ.
The corporate entity known as the UNITED STATES has NOT used real money for quite some time and is in fact using debt as a medium of exchange. Each of us are a corporate construct and have given up ourselves to the corporate headquarters in the District of Columbia.
That was probably too much for most people to grasp...your brains are probably locking up as you read this...you want to reject what you have read because you have been taught to be a debtor...
Read thats all you can do. Then once the lights come on ...pass it on!!
good luck
I'd explain what the congressman is trying to make you all understand, but I'm going out now and buy a big fancy car I neither need or can afford. Then I'm going to quit my job and ride around the country and buy everything I see. When I'm done I will be very very rich. After I'm done I'll be back to explain how rich I will be. if we all did this we could all be rich but I don't want you out on the highway while I'm drinking and driving. Thanks.
You know we have had some really bad behavior among our politicians lately.
Take for example Pete Stark, a Demorcrat from California, recently told a man he would not dignify him by peeing on his leg. I for one do not find this type of behavior acceptable in the least. Do any of you feel that he should be censured for this type of behavior?
If your interested in learning more about this I have written an excellent commentary article on my blog and your more than welcome to read about it at the link below.
http://www.surveyseeker.net/2009/09/15/pete-stark-i-wouldnt-dignify-you-...
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www.surveyseeker.net
Augmented Living Blog
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A pompous economic illiterate.
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