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The Fed's Racket Exposed

Tyler Durden's picture




 

A reader provides us with the following letter he received from Senator Mikulski in response to dissatisfaction expressed about Bernanke's reconfirmation. The response from the Senator demonstrates precisely the type of intellectual racket that the Fed is exposing gullible and incompetent senators to, in forcing them to pass law after law that is only in the Fed's, and thus Wall Street's interests, as the alternative would always be a "market nose dive." Enough with the pandering. If senators can not think and verify independently, they should be replaced immediately with people who are capable and qualified to make critical decisions about this country without Wall Street's influence.

Thank you for getting in touch with me about Ben Bernanke's nomination to chair the Federal Reserve.  It's great to hear from you.

Americans are angry and they are anxious.  In diners and at the dry cleaners, I'm hearing tremendous anxiety about the economy.  People are feeling like their middle class way is slipping away, and that brings a lot of anger, fear and frustration.

When Chairman Bernanke thought Wall Street was on the verge of a crisis, he acted dramatically.  He used new powers for new programs.  Well, the job market is in a crisis now.  But the Fed's response has been tame and tepid.  We need the same urgency from the Federal Reserve to jumpstart the job market that was given to Wall Street to jump start the financial markets.

I voted to confirm Mr. Bernanke because he is not a man of ideology.  When we needed him the most, his expertise and level-head probably helped prevent a catastrophe.  Bernanke didn't panic and he took his lessons from economic history, a subject which he has studied closer than anyone else.  No one understands the risks the economy faces better than he does.

I was advised that rejecting his nomination would cause markets to nose dive, which would hurt retirees and families saving for their future.  I am not enthusiastic in my support.  But I think Mr. Bernanke understands the job that he still has to do.

We need bold new approaches - and I'll fight for them.   I let Mr. Bernanke know that I am focused on three things to get our economy going again: creating jobs, getting more lending to the middle economy and small businesses, and helping people get out from under the threat of foreclosure.

Thanks again for getting in touch with me.  Knowing of your views was helpful to me.  Please let me know if I can be of any assistance to you in the future.

Sincerely,
Barbara A. Mikulski
United States Senator

And for the counterpoint, here is an example of a Senator who does not fall for the Fed's racket:

Dear Friend:

Thank you for contacting me. I appreciate hearing your thoughts about President Obama's decision to nominate Ben Bernanke for another four-year term as Chairman of the Federal Reserve (the Fed). I voted against approving Mr. Bernanke, who was nevertheless confirmed by the Senate by a vote of 70-30.

My opposition to Mr. Bernanke is based on a number of concerns about his actions during both the run up to the financial crisis and the crisis itself. Before the financial crisis hit in 2008, Mr. Bernanke failed to either diagnose the housing bubble or adequately protect consumers from many of the abusive financial products, especially credit cards and mortgage loans, which helped to contribute to that bubble. These mistakes helped to precipitate the worst financial crisis since the Great Depression, and while Mr. Bernanke has taken bold and creative steps to help stop the bleeding, I believe that his record prior to the crisis does not warrant him a second term as Chairman.

In the midst of the crisis, I am also concerned that the Fed has provided an unknown number of financial institutions with billions of dollars at almost zero interest without appropriate transparency or accountability, including to the insurance giant AIG. While the current economic crisis has certainly made increased action by the Fed understandable, it is inexplicable to me that the Fed has taken such unprecedented action without putting conditions on these loans that would require the funds to be used to make loans to small businesses, or would restrict the payment of unwarranted bonuses. In addition, the Fed has refused to inform Congress or the public the extent of these financial commitments. For this reason, I am a cosponsor of S. 604, the Federal Reserve Sunshine Act of 2009. This legislation would require the Comptroller General of the United States to conduct an audit of the Federal Reserve and submit those findings to Congress to determine what commitments the Fed has made in response to the financial crisis.

Finally, I am troubled that, in the wake of the financial crisis, Mr. Bernanke has argued against creating an independent consumer financial protection agency. It is painfully clear to me that the Fed's failure to protect consumers from abusive products in areas like credit cards and mortgage loans helped to fuel the spiral of debt that contributed to the economic downturn. Given the Fed's abysmal failure in this area, I find it remarkable that Mr. Bernanke wants to give the Fed more authority. This neglect for adequate consumer protections is unacceptable to me, and I am not convinced that Mr. Bernanke would behave any differently now than he did before the crisis.

While I have heard the concerns of many that the failure to confirm Mr. Bernanke would have damaged the financial markets and jeopardized our economy recovery, I do not believe that anyone, including Mr. Bernanke, is too big to be replaced. We should not hold our economy hostage to the Wall Street threat that total economic collapse is the sure result of not doing everything they want.

Thanks again for contacting me. Please do not hesitate to do so again about this or any other issue that may concern you.

Sincerely,
 
Tom Harkin
United States Senator

 

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Fri, 05/21/2010 - 14:02 | 366121 Great Depressio...
Great Depression Trader's picture

What a dumb fucking bitch

Fri, 05/21/2010 - 14:06 | 366133 chumbawamba
chumbawamba's picture

What a cunt and a whore.  Or, concatenated, a cuntwhore.

I am Chumbawamba.

Fri, 05/21/2010 - 14:36 | 366219 cougar_w
cougar_w's picture

No actually "dumb" is worse. She failed to think when that was the only hope left for mankind.

She is just a limited woman too afraid to change anything. She will die along with the rest of us, in the end, and she'll be so swept up in the head-down petty fights to save a scrap for her kids that she'll completely forget how she failed when she could have saved us all.

It's just so sad.

Fri, 05/21/2010 - 15:01 | 366291 economessed
economessed's picture

But you must ask yourself -- who is dumber (or less capable of thinking):  Barbara "The Walking Colon Polyp" Mikulski or the citizens of Maryland (yes, I'm looking at you, morons) who elected her.....it.......whatever.

Fri, 05/21/2010 - 15:10 | 366329 cougar_w
cougar_w's picture

Since you asked:

Individuals can be dumb and make stupid mistakes. Whole populations cannot be. This a core tennant of democracy.

What populations can be is mislead. Under massive propaganda, an entire nation can be coerced into doing dumb, self-destructive things. The history of Europe is punctuated by huge acts of misdirection under monarchs and tyrants alike.

Mikulski is a fool. She is unworthy of her station. Her people however were mislead into thinking that what she represented was what they wanted.

They do not want her. She will get them killed. But they did not know that.

They will know it soon enough, or else the game really is lost.

Fri, 05/21/2010 - 15:36 | 366395 i.knoknot
i.knoknot's picture

++

that they act, according to the information they've been given = smart/rational

that they continue to blindly *trust* that information = ???

we're friggin' doomed...

Fri, 05/21/2010 - 15:53 | 366436 cougar_w
cougar_w's picture

++ right back at ya

Fri, 05/21/2010 - 16:49 | 366617 Apostate
Apostate's picture

It's unfair to rage at a population that has been subjected to generations of brain-washing through the public school system.

It's like getting angry at someone stuck in a Clockwork Orange style chair for the first 21 years of their life, watching a looping film of a fluttering American flag.

To boot, many of them are addicted to hard drugs pushed on them by the AMA, the state-supported drug companies, and the bizarre controls of the FDA.

They still have free will, and they're responsible for their lack of initiative in educating themselves... but it's just like getting angry at kids with Down's syndrome for being slow. 

Fri, 05/21/2010 - 17:20 | 366684 cougar_w
cougar_w's picture

Nice try.

I get your point, but you labored it too hard. The population is composed of adults, not kids. And honestly I suspect the people with Down's Syndrome might make better decisions on average, being more feeling and less greedy. They know what it's like to be lost.

Nobody is raging against the population. We're discussing how they have been un-done. This is an important idea, and it should be discussed. Less TV, less talking-heads, more arguments, more reading of history and more values clarification are needed all around.

I yell at people because I don't want to lose them. That's all.

Fri, 05/21/2010 - 17:31 | 366714 Apostate
Apostate's picture

I understand.

And, knowing people with Down's Syndrome, they tend to at least trust their instincts.

"Educated" man tends to behave against his own interests reliably, and bring others down with him. And they believe that it's righteous.

It's my strong belief that the market is the most effective tool that we have to keep the Promethean fire burning.

I recently re-watched Children of Men.

That film, to me, is the best expression of the kind of chaos and cultural degeneration that we face. It's a matter of saving whatever we can while the world burns. 

Fri, 05/21/2010 - 23:26 | 367216 Clinteastwood
Clinteastwood's picture

When they call the roll in the Senate, the Senators do not know whether to answer "Present" or "Not guilty." Theodore Roosevelt

Fri, 05/21/2010 - 18:04 | 366783 tip e. canoe
tip e. canoe's picture

apostate, we'll all got our shit bro.   time for all of us to stop playing the victim.

Fri, 05/21/2010 - 20:02 | 366952 Apostate
Apostate's picture

No shit.

Fri, 05/21/2010 - 20:25 | 366994 Miles Kendig
Miles Kendig's picture

Cheers!  Get busy with life in community.  This is no time to try and get by on the easy cheesy.

Fri, 05/21/2010 - 17:06 | 366658 Bull Meat
Bull Meat's picture

I'd say that a group of people who are misled can "make stupid mistakes".  What's with this "core tennant" stuff anyway?  I get so friggin tired of people treating democracy like it's some kind of divine thing not to be challenged.

Do you ever consider that there could be something inherent about the operation of large-scale political democarcy that guarantees that the population is misled?  I don't know if I have the energy to pursue that debate or if people here would have the interest to follow it.  But that kind of question needs to be raised sometimes.

Sat, 05/22/2010 - 00:40 | 367252 kurt_cagle
kurt_cagle's picture

Democracies allow for the greatest participation by the overall populace, which, ironically, means that most of the really egregious bad decisions tend to cancel out. In essence, most true democracies are random walks - over time, the decisions tend to balance out so that while few benefit completely, most benefit somewhat, while comparatively few receive the raw end of the stick.

This is why it is far rarer for democratic countries to commit mass genocides, though it does happen, than it is for totalitarian states to do so. Now, I think it can be safely argued that what has happened in the last half century has been a move towards the concentration of power in the hands of a much smaller cadre of elite. This manifests in the high degree of polarization in the country, but it also means that the "drunkards walk" effects of large scale democracies are replaced by the Group Think phenomenon endemic to many corporations, where there is a high degree of homogeneity in the decisions ... and the corresponding tendency towards the making of really bad decisions for the overall populace, at the expense of short term gain (and typically long term loss) for the "board".

That I think is the real danger that this country is facing now - we've replaced the democratic "market" with a combination of elite rule manipulating mobs. The drunkard's walk is taking him far from his lamppost.

Fri, 05/21/2010 - 17:14 | 366670 thesapein
thesapein's picture

All you really did there was say that individuals can be dumb and groups can do dumb things, clarifying that being and doing are not the same thing. So what?

Fri, 05/21/2010 - 21:24 | 367085 Dr o love
Dr o love's picture

Individuals can be dumb and make stupid mistakes. Whole populations cannot be.

What about a population of Americans who voted for Bush II twice under the premise that "If you don't agree with (insert dumbass idea here and don't forget to say "Nucular" to ensure that educated folks know you are a dumbass), you are a unpatriotic and a terrorist."

 

American government brainwashes the populace much worse than the Kremlin ever did.

Fri, 05/21/2010 - 22:16 | 367151 Tex Mex Hickspanic
Tex Mex Hickspanic's picture

While I have no love for W., his successor has moved on from calling dissent (the formerly highest form of patriotism) unpatriotic and terrorists, to... racist. What an improvement.

Sat, 05/22/2010 - 10:55 | 367569 mwmolloy
mwmolloy's picture

You could also say "the American government brainwashes people more effectively than the Kremlin ever did".  I travelled a little behind the Iron Curtain just a few years before it fell apart.  From conversations with people, nobody believed the government at all, not the TV, not the radio, not the newspapers.  There were two worlds - the world as presented in the media vs. the real world, which people talked about amongst themselves, in the workplace, at dinner tables and in cafes.   

 We now know that Propaganda only works when the recipient doesn't realise that what he is consuming is propaganda.  If all of this info were coming from The State Department Of Truth, it would be rejected by the consumers.  But if it gets delivered through the networks, with its myriad of confusing acronyms, CNBC CNN CBS etc etc etc - and it looks as though there is a free market for news, then it gets swallowed.  Its the illusion of the free market for news that is the most important thing, consumers believe that if there was something going on, the free market would respond by telling us about it.  Its all about presentation.

The difference is the slickness of the American propaganda machine.  The US won the cold war because their people believed in the system more than the people behind the iron curtain believed in theirs.  When the people rose up in Berlin and the officers told the soldiers to shoot the people, the soldiers said "no" because they no longer believed in the system.  It was at that precise moment that the system failed.  What I worry about is what will happen in the USA if / when the people rise up against the system?  Will the soldiers do as they're told and fire on the people?  I believe they will.  Because they believe in the system.

 

Sat, 05/22/2010 - 10:18 | 367542 MrPalladium
MrPalladium's picture

"Individuals can be dumb and make stupid mistakes. Whole populations cannot be. This a core tennant of democracy."

The driving ideological force behind democracy is the belief in human equality, a belief that is contradicted every day by what we see right in front of our own eyes.

Lower the average IQ of the population and you get a "democracy" that much easier for a reasonably cohesive oligarchy to manipulate.

We are trending into the Latin American model, but with too many fractious contenders wanting to replace the cohesive oligarchy which now holds power. It is a prescription for conflict between Vilfredo Pareto's top one half of one percent and the next 20 percent that they must keep happy.

The targets with the most to lose are the relatively high IQ middle class, who are alternatively an irritant or a threat - in other words the kind of people who read and post on zero hedge. Democracy is the primary weapon in the war on you!

 

Fri, 05/21/2010 - 20:08 | 366967 A Nanny Moose
A Nanny Moose's picture

The Seven National Crimes:

  • I don’t think.
  • I don’t know.
  • I don’t care.
  • I am too busy.
  • I leave well enough alone.
  • I have no time to read and find out.
  • I am not interested.
Fri, 05/21/2010 - 20:32 | 367004 Mr Creosote
Mr Creosote's picture

#8 I don't vote.

Fri, 05/21/2010 - 14:45 | 366241 Problem Is
Problem Is's picture

I Need an Official Ruling Chumbawamba:
Is it a dumb chore or a dumb whunt?

Fri, 05/21/2010 - 15:37 | 366398 i.knoknot
i.knoknot's picture

i vote 'whunt' - you could slip it into the MSM and they wouldn't catch it. but we'd know...

Fri, 05/21/2010 - 14:59 | 366303 dark pools of soros
dark pools of soros's picture

its more sad than anything..  sure she would be better running your local grocery store but it is sad when someone naive but thinking they can help gets steamrolled by the FED

Fri, 05/21/2010 - 15:08 | 366326 jk5chord@aol.com
jk5chord@aol.com's picture

End The Fed.

I gotta get drunk, I can't stay sober,
               G                     D
    there's a lot of good people in town,

    who'd like to hear me holler, see me spend my dollars,
           E                             A
    and I wouldn't think of lettin' 'em down.
      G
    There's a lot of doctors that tell me,
              D                          A
    that I'd better start to slowin' it down.
                 D                          G
    But there's more old drunks than there are old doctors,
          D                 A            D
    so I guess we'd better have another round.

Fri, 05/21/2010 - 18:09 | 366790 tony bonn
tony bonn's picture

fuck the people who junked your post....your summary of the slut is correct and apt....

Fri, 05/21/2010 - 20:03 | 366953 SamuelMaverick
SamuelMaverick's picture

+1

Fri, 05/21/2010 - 14:33 | 366209 I am a Man I am...
I am a Man I am Forty's picture

oh my god, lol, first post too, hilarious

Fri, 05/21/2010 - 14:38 | 366225 Cheeky Bastard
Cheeky Bastard's picture

 

Mikulski: " No, no; im not Danny DeVito...... but i try,"

Fri, 05/21/2010 - 14:46 | 366249 faustian bargain
faustian bargain's picture

oh god. *facepalm*

Fri, 05/21/2010 - 14:50 | 366266 cougar_w
cougar_w's picture

*headdesk*

Just kill me now

Fri, 05/21/2010 - 15:39 | 366403 i.knoknot
i.knoknot's picture

*head-toilet*

let's just get it over-with already...

(where's that handle...)

Fri, 05/21/2010 - 23:25 | 367215 Clinteastwood
Clinteastwood's picture

When they call the roll in the Senate, the Senators do not know whether to answer "Present" or "Not guilty." Theodore Roosevelt

Sat, 05/22/2010 - 22:00 | 368179 _Biggs_
_Biggs_'s picture

Interesting timing on creation of the Fed. considering what a badass Teddy was.  Guess the powers that be at the time didn't like the anti-trust concept.

Fri, 05/21/2010 - 14:57 | 366296 economessed
economessed's picture

Is it the camera angle, or is she using her belt as a bra too?

Fri, 05/21/2010 - 15:24 | 366325 akak
akak's picture

No, it's not just the camera angle.

And is it just me, or does "she" look suspiciously like John McCain with a wig and lipstick?

I mean, "she" even has the same little T-Rex arms raised in clenched-fist Neocon frustration:

"We need to bomb ....... SOMEBODY!"

Fri, 05/21/2010 - 23:28 | 367217 ArmchairRevolut...
ArmchairRevolutionary's picture

I was thinking kim jon il.

Fri, 05/21/2010 - 15:12 | 366337 ratava
ratava's picture

man im so glad all these old people will be dead soon

Fri, 05/21/2010 - 15:52 | 366434 merehuman
merehuman's picture

ratava i hope you have the opportunity to age well, in whatever state

Fri, 05/21/2010 - 15:13 | 366340 The Alarmist
The Alarmist's picture

This is not so much about her appearance, though that is hardly confidence inspiring, but about ability.  When you consider how much brainpower is actually among our leading 100 citizens, it can only make one shudder.  The republic is dead.

 

Fri, 05/21/2010 - 15:14 | 366348 bigdumbnugly
bigdumbnugly's picture

I never would've thought she'd have been able to pull it off wearing Urkel's hand-me-downs.

Fri, 05/21/2010 - 15:38 | 366399 Cognitive Dissonance
Cognitive Dissonance's picture

LOL

I really didn't need to be reminded there was a Urkel on TV and my son watched it. I lived with Urkel imitations from my son for a few years. Probably why I didn't see the resemblance until you mentioned it. I was in denial.

Fri, 05/21/2010 - 16:00 | 366458 bigdumbnugly
bigdumbnugly's picture

Yeah, Urkel just looks a little smarter though.

Maybe that blank look on Barbara's face threw you.

 

btw, i enjoy your posts, CD

Fri, 05/21/2010 - 18:18 | 366807 Bob
Bob's picture

Now that was damn funny, CD!  Horrible, I can imagine your pain, but the rugrat really gotcha there . . .

 

Fri, 05/21/2010 - 15:24 | 366368 ReallySparky
ReallySparky's picture

Cheeky, I am sooooo glad you are back on this board.  I missed your humor and intellect.

Fri, 05/21/2010 - 15:30 | 366383 special K
special K's picture

more like Mickey Rooney;no!

Fri, 05/21/2010 - 15:37 | 366397 Ripped Chunk
Ripped Chunk's picture

I had an outfit like that when I was an alter boy (short lived engagement)

Fri, 05/21/2010 - 15:42 | 366408 WilliamC
WilliamC's picture

And here I thought that Kagan was hard on the eyes.

Maybe the two of them....ugh, it's too much to contemplate!

 

Fri, 05/21/2010 - 16:41 | 366583 Rainman
Rainman's picture

....then how about a little Sotomayor topping on that sundae, with a sprinkle of Christine Romer and a Napalitano chaser. They all must be related to Janet Reno. These damned Liberal Dem males all love to keep the looks-impaired females around as a decoy from their philandering of the hotties.

Fri, 05/21/2010 - 22:18 | 367155 Tex Mex Hickspanic
Tex Mex Hickspanic's picture

HEH

 

That's just wrong.

Fri, 05/21/2010 - 16:08 | 366475 Hulk
Hulk's picture

Could also be Dr Ruth's sister, without the sex of course..

wonder what this woman having an orgasm looks and sounds like....

Picture THAT fellers!

Fri, 05/21/2010 - 17:47 | 366757 DoChenRollingBearing
DoChenRollingBearing's picture

The horror!  The horror!

Fri, 05/21/2010 - 16:44 | 366591 Shrimp Head
Shrimp Head's picture

Wait a minute.  Is that Kim Jong-Il?  Somebody do a side by side.

Fri, 05/21/2010 - 17:15 | 366672 Cheeky Bastard
Cheeky Bastard's picture

Fri, 05/21/2010 - 17:23 | 366692 e_goldstein
e_goldstein's picture

Oh holy crap.

Fri, 05/21/2010 - 17:26 | 366702 faustian bargain
faustian bargain's picture

The woman on the right is much better dressed.

Fri, 05/21/2010 - 17:46 | 366750 Apostate
Apostate's picture

Totally. That zipper vest screams "maximum pimp."

Fri, 05/21/2010 - 18:08 | 366787 tip e. canoe
tip e. canoe's picture

sexier glasses too

Sat, 05/22/2010 - 02:42 | 367352 John_Coltrane
John_Coltrane's picture

Do you think all those metals on the general were for shooting down that civilian airliner?  Looks like he's running out of room for more just as hostilities heat up again!

Sat, 05/22/2010 - 22:34 | 368194 Hephasteus
Hephasteus's picture

Plus her posse has tons of pieces of flair. That's like 40 pieces of flair and makes you want to spend good times in a theme restaraunt.

Fri, 05/21/2010 - 17:42 | 366741 Duuude
Duuude's picture

3rd Bellysnort!

Fri, 05/21/2010 - 20:03 | 366958 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

great one cheeky...

Fri, 05/21/2010 - 20:41 | 367021 Mr Creosote
Mr Creosote's picture

Thanks for the well needed guffaw.

Do you think the guy in the background has medals on his pants, too?

Fri, 05/21/2010 - 21:49 | 367118 MsCreant
MsCreant's picture

Before you reject this theory, remember, we ain't in Kansas any more, Cheeky.

http://johnthenewsking.files.wordpress.com/2008/05/munchkins2.jpg

 

 

Fri, 05/21/2010 - 22:59 | 367192 Strider
Strider's picture

They represent the LolliPop Guild.

Fri, 05/21/2010 - 22:53 | 367186 Strider
Strider's picture

Whats the Ms. Shrivel me Timber lady doing next to the Moon Pie men?

That  bent.

Sat, 05/22/2010 - 09:23 | 367492 FEDbuster
FEDbuster's picture

Separated at birth?

Sat, 05/22/2010 - 10:58 | 367571 mwmolloy
mwmolloy's picture

"I'm so rhone-reeee, so rhone-ree an saaaad"

Fri, 05/21/2010 - 18:04 | 366781 Porter
Porter's picture

"Mmmm...pear shaped..."

Homer Simpson

Fri, 05/21/2010 - 20:15 | 366978 Privatus
Privatus's picture

Nightmare fuel.

Fri, 05/21/2010 - 20:27 | 366998 Miles Kendig
Miles Kendig's picture

While Bob Corker is her intellectual twin and Harry Reid cannot even play Kindergarten cop.

Fri, 05/21/2010 - 21:29 | 367095 Dr o love
Dr o love's picture

Holy crap.  How did this Wal-mart greeter ever make it to the Senate?  Question # 2, Is LSD legal in Maryland?

Fri, 05/21/2010 - 22:06 | 367141 Pimp Juice
Pimp Juice's picture

Looks like something is coming out of the right side of her head.

Fri, 05/21/2010 - 14:50 | 366270 JohnKing
JohnKing's picture

I was advised that rejecting his nomination would cause markets to nose dive, which would hurt retirees and families saving for their future.

 

When you are "advised" like that, you call law enforcement.

Fri, 05/21/2010 - 15:04 | 366320 You Cant Handle...
You Cant Handle the Truth's picture

+Infinity.  

 

Thanks for saying that. 

Fri, 05/21/2010 - 20:30 | 367000 Miles Kendig
Miles Kendig's picture

Along the lines of be quiet dear, you don't want to make waves or have to soil our families good name with unfounded accusations....  Ya, and a gang rape is just a minor social deviancy that must be fostered to facilitate the orderly functioning of society. 

Sick shit folks.

Sat, 05/22/2010 - 09:30 | 367497 FEDbuster
FEDbuster's picture

Worked for passing TARP, so why not use it again? and again? and again?

 

Plus, let's not forget:

"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes... Money has no motherland; financiers are without patriotism and without decency; their sole object is gain."
- Napoleon Bonaparte, 1815

Fri, 05/21/2010 - 19:29 | 366898 doublethink
doublethink's picture

 

Having worked on Capitol Hill, I can assure you that both letters above were written by recent college grads now working as Legislative Assistants. These "personal" letters are based on results of staff meetings where issues are discussed and appropriate positions--answers, if you will--are noted so that the junior staff will know what to say in letters to constituents. Frankly, these are nothing more than form letters...and they're "signed" by a machine.

 

Fri, 05/21/2010 - 20:32 | 367003 Miles Kendig
Miles Kendig's picture

Of course.  That does not insulate the member from them.

Fri, 05/21/2010 - 21:51 | 367124 MsCreant
MsCreant's picture

Are you saying they are dicks without condoms?

Sat, 05/22/2010 - 01:00 | 367269 i.knoknot
i.knoknot's picture

you really are an editor... good friggin eye - lol

Sat, 05/22/2010 - 03:23 | 367330 Miles Kendig
Miles Kendig's picture

Just because their members can't hold or fill 'em.  Talking about flaccid institutions and their captive audience...!

Nice catch sis.  :)  Barb is one in a well used deck of cards...  As you have so ably pointed out, it's just one big CondomNation

http://www.youtube.com/watch?v=RW2heKjzjIA

Fri, 05/21/2010 - 19:49 | 366926 Dburn
Dburn's picture

The key word is "advised".

One of the best kept secrets is how much staffers do to undermine the elected representatives. Obviously we want them to know everything about everything but the reality is they just now enough to be dangerous. So they depend on staff members who "advise" them to take positions that the lobby group, they have their eyes on for post public service at 6-7 figure employment, agree with.

They make "their bones" when they convince a politician to vote favorably for the lobbyist's point of view. If the politician is knowledgeable in a certain area ( it happens occasionally) and the staffer realizes that "advising" won't accomplish the mutual goals of him or herself and the special interests, they usually can make it work out in conference when the bills are made into Swiss cheese with large cheese holes that are designed for Heavy Trucks at maximum speed.

For the most part, politicians aren't elected because of their IQs combined with strong unwavering principles ( snort) , they are elected because of message discipline and their ability to deliver a consistent market tested message where they won't be distracted by interviews, bloggers or experts in areas that they claim expertise in.

Notice how hard it is to knock them off message. If a ZH reporter could get them on TV and say "you have no balls and you are a piece of shit who just does what your told". You would expect the person to get angry. No, they smile and stay right on message "That may be a position that people from Zero Hedge believe in , but I would just say to that, I have always stood up to the special interests and fought hard for my constituents. "

They really do suck shit and on both sides. This tea party nonsense is corporate approved and paid for. They will be assimilated. Nothing to do but wait for the classic line started by the last admin "whoever thought (insert tragedy here) would ever occur because I voted for Bernanke?" That would happen as TVs and the Internet started going dark during an apocalyptic melt down of all that we know. Wouldn't they be happy then?

Sat, 05/22/2010 - 01:05 | 367273 i.knoknot
i.knoknot's picture

spot on +100

although i would assert that not everyone in the tea-party movement is in the tea-party.

tip of the ice-berg in an amorphous groundswell

Sat, 05/22/2010 - 11:19 | 367595 doublethink
doublethink's picture

 

+1

 

Fri, 05/21/2010 - 23:23 | 367213 Clinteastwood
Clinteastwood's picture

When they call the roll in the Senate, the Senators do not know whether to answer "Present" or "Not guilty." Theodore Roosevelt

Sat, 05/22/2010 - 05:29 | 367399 Popo
Popo's picture

Every idiot knows that only "risk capital" should be invested in markets.  If markets tank and you lose your nest-egg:  You're an idiot.

 

 

Fri, 05/21/2010 - 14:04 | 366123 truont
truont's picture

"I was advised that..."

Who advised you, Senator? 

Your constituents? 

Or the legislative aides/lobbyists/establishment/bureaucracy?

 

Epic Fail

Fri, 05/21/2010 - 14:19 | 366166 stickyfingers
stickyfingers's picture

Follow the money.

Fri, 05/21/2010 - 14:30 | 366203 knukles
knukles's picture

Maddeningly, as politicians drive further into the realm of economics and finance, demonstrably worse the world becomes.  For example, the European crisis is not about economics, but politics.  In days of yore, Greece would simply have missed a payment, default ensued, devalued the Drachma, and the world would have turned as before.  Atlas would have simply shrugged.

Yet today, an illusory support of an illusory Pan-European currency regime threatens the very economic and political stability of the entire European continent.  Driven only for the enhancement of the power, prestige and money of the political class and their economic beneficiaries. 

Likewise, Senators and Congressmen, blissfully unawares of even rudimentary economic fundamentals, past the campaign contribution, sway the financial foundation of this country, indeed the globe, with illogical, deficient and disastrous diseased decisions, whilst pronouncing solutions of magnificent beneficence.  From which, the populace will be further levied fines and tolls under the guise of rectifying the problems, which were never addressed in the first place after having been instituted by our very own, Trusted, Honorable Public Servants.

It for some reasons seems as if the Modern End of Days is Near, for there are no longer enough band aids to plaster over the cancerous lesions of political malevolence. 

Fri, 05/21/2010 - 16:51 | 366622 Apostate
Apostate's picture

Bravo. Well-said.

Sat, 05/22/2010 - 00:02 | 367237 Mark McGoldrick
Mark McGoldrick's picture

Wow.  Perfect.  That is incredibly well-written.  

Sat, 05/22/2010 - 09:42 | 367504 FEDbuster
FEDbuster's picture

Poetry! I am saving your post to include in letters to politicians. 

In fact, I would like your permission to send it to our local newspaper as a reaction to the recent passing of an additional 1% sales tax increase here in AZ.  I won't take credit for it, I will cite zerohedge comment as the source.

Sat, 05/22/2010 - 09:46 | 367509 knukles
knukles's picture

I'd be honored.

Fri, 05/21/2010 - 14:56 | 366289 TooBearish
TooBearish's picture

"I was advised that rejecting his nomination would cause markets to nose dive", .....from the JPM Lobbyist and largest campaign donor....sheesh talk about transparency....

Fri, 05/21/2010 - 19:40 | 366914 bigkahuna
bigkahuna's picture

It would be easy to just explain it away by saying these politicians sure are dumb. The problem is not that they are dumb, but rather they are mostly if not wholly sociopathic and they are being compensated handsomely for what they are doing. You won't see any direct compensation, but there are multitudes of avenues for assets of any kind to be transfered to them. Their votes speak for who they really are--it is that simple to identify them.

Fri, 05/21/2010 - 14:07 | 366124 Sudden Debt
Sudden Debt's picture

Fri, 05/21/2010 - 14:05 | 366129 King_of_simpletons
King_of_simpletons's picture

Fear. When did this nation become a bunch of cowards ? I believe right after the troops from WWII came back home.

Fri, 05/21/2010 - 14:13 | 366147 SayTabserb
SayTabserb's picture

How can that be when this is the very first sentence on her webpage:

The people of Maryland elected Senator Barbara A. Mikulski to be their U.S. Senator because she's a fighter - looking out for the day-to-day needs of Marylanders and the long range needs of the nation.

 

So imagine how bad things would be without fighters like Barbara.

 

Fri, 05/21/2010 - 14:25 | 366188 tmosley
tmosley's picture

She's a fighter alright.  She just doesn't fight for US.

Fri, 05/21/2010 - 14:51 | 366273 jkruffin
jkruffin's picture

Yea, just try cutting in front of her at the buffet line and you will get your ass whooped.  LOL

Sat, 05/22/2010 - 00:47 | 367258 Dburn
Dburn's picture

+1

 

Couldn't help it. It's late

Fri, 05/21/2010 - 14:13 | 366150 chumbawamba
chumbawamba's picture

Land of the fee and home of the knave.

I am Chumbawamba.

Fri, 05/21/2010 - 14:23 | 366181 cougar_w
cougar_w's picture

Governance has been feminized. Even the males are Nancys. It's just get what's good for your peeps back at the hearth and loose sight of the idea that this is a country first, and a welfare/spoils system at a distant second.

We were tough once. But that was bad. Now we're soft and we don't know what to do in a crunch. Except we'll know how to die, that part we'll remember.

As you sow, so shall ye reap.

Fri, 05/21/2010 - 16:07 | 366390 AccreditedEYE
AccreditedEYE's picture

Absolutely, 100% spot on. We need more reps who will go in, not care about getting re-elected and SOLVE problems. (despite the repercussions that come with them) I can only take so much of this 2 face PC bullsh*t.

Will those 2 idiots Sarbanes and Oxley go down in history for fixing ANYTHING? Make a SOLID piece of legislation that gets the f-ing job done and history will remember your name.

Fri, 05/21/2010 - 18:01 | 366774 Manbarepig
Manbarepig's picture

As far as I'm aware the only thing Sarbanes and Oxley accomplished was forcing me to change my password every 90 day. This is the response to accounting shenanigans?

On the plus side, I get to change my password every three month to the name of a favorite bar or brand of beer.

But back on track - a good compromise leaves everyone dissatisfied. Since congress is all about passing legislation based on compromise, what do we really expect out of democracy?

Fri, 05/21/2010 - 17:16 | 366673 Hulk
Hulk's picture

Business too Cougar. 12 years ago, I told the boss it was a bad idea for him to make all us males check our balls in at the front door. He didn't like that for some reason!

Fri, 05/21/2010 - 20:49 | 367035 Mr Creosote
Mr Creosote's picture

Welcome to the pussification of America.

Fri, 05/21/2010 - 20:51 | 367039 Mr Creosote
Mr Creosote's picture

When balls are outlawed, only outlaws will have balls.

Fri, 05/21/2010 - 22:37 | 367171 Iam_Silverman
Iam_Silverman's picture

I'll give mine up -

When they pry them from my cold, dead hands.

Sat, 05/22/2010 - 01:08 | 367275 i.knoknot
i.knoknot's picture

lol - i'm not sure what to do with *that* imagery...

Sat, 05/22/2010 - 01:34 | 367298 faustian bargain
faustian bargain's picture

brrrrr.

Sat, 05/22/2010 - 10:06 | 367529 Hulk
Hulk's picture

LOL, thanks for the morning laugh!

Fri, 05/21/2010 - 18:22 | 366801 tip e. canoe
tip e. canoe's picture

cougar, understand where you're comin from but there's many different feminine natures, just like there are many different masculine ones.   there's a big difference between Kali and Nancy for example.

perhaps the issue is not one of gender per se (or race or class or religion), but of which role within the genders is dominating at the expense of others.

me?  i'm waiting for the black madonna to come kick some righteous little spoiled boy ass.

Fri, 05/21/2010 - 18:50 | 366831 cougar_w
cougar_w's picture

I am a male fiction writer. I write about strong female roles and explore the Kali motife a lot. It actually helps to have a strong woman -- even a murderous one -- holding everyones' feet to the fire. Something about the female ability to create, combined with a will to destroy, is one of the oldest stories on earth.

If I could drag Darkatana and Fortran out of the book, I would. In the meantime we have to be them.

And Fortran being a fire-starter, would just smile thinly and say; "Son, it's now just you and me and all the fire in the world. Have a nice burn." And everything that could burn, would.

Fri, 05/21/2010 - 19:21 | 366895 velobabe
velobabe's picture

your pretty darn interesting.

i been reading you for a while, even over at NC.

could of sworn, thought you were a female†

interesting, how on a daily basis am i so clueless.

well, i secretly am [was] a cougar. have been riding my mountain bike for decades up cougar canyon. it is native american ritual burial grounds. than it meets up with wildcat.

all the wapiti hang out in wildcat, they are quite safe there.

i have seen a cougar, twice. track them.

Fri, 05/21/2010 - 22:08 | 367136 tip e. canoe
tip e. canoe's picture

funny you should mention fire & females.   did my 1st grill of the season tonite.   as i was lighting the coals, thought about how the people most fearless with fire i ever met were all women.   and none of them were careless with it either, even though i thought so at the time.

now that you revealed a bit of yourself, methinks even more you should really do a contribution.

fan the flames baby.

p.s. ever been to burning man?

Sat, 05/22/2010 - 08:02 | 367453 velobabe
velobabe's picture

you nut ball†

Sat, 05/22/2010 - 10:23 | 367546 tip e. canoe
tip e. canoe's picture

indeed darlin indeed

Fri, 05/21/2010 - 19:56 | 366938 Miss Expectations
Miss Expectations's picture

John Edwards, I feel pretty:

http://www.youtube.com/watch?v=7kCAFkfFLQQ

Fri, 05/21/2010 - 14:06 | 366132 Oracle of Kypseli
Oracle of Kypseli's picture

May we know who was the evil genious who advised you of that?

How about the advise and consent of those who elected you and whom you represent, Barbara.

 

Sat, 05/22/2010 - 04:18 | 367387 mchawe
mchawe's picture

Churchill said it;

"the best argument against Democracy is your Average Voter. "

Fri, 05/21/2010 - 14:08 | 366134 Deflationburger...
Deflationburger with Fleas's picture

Fri, 05/21/2010 - 14:07 | 366135 JLee2027
JLee2027's picture

Actually Barbara Mikulski isn't that bad. Oh, she's left of Lenin in her views, but she sincerely believes she's helping; ie. she is intellectually HONEST, and not dishonest as you know many in Congress are.

Fri, 05/21/2010 - 14:17 | 366161 BlackBeard
BlackBeard's picture

Unfortunately, trying hard, but still fucking things up isn't an acceptable performance standard when administrating a nation's future.

Fri, 05/21/2010 - 14:18 | 366164 faustian bargain
faustian bargain's picture

I'm not sure how to square intellectual honesty with willful ignorance.

Fri, 05/21/2010 - 14:42 | 366235 Cognitive Dissonance
Cognitive Dissonance's picture

Don't try. You'll just hurt yourself. You have nothing that can compete with the power of this insanity other than the daily demonstration of your sanity.

Fri, 05/21/2010 - 14:51 | 366272 cougar_w
cougar_w's picture

Ha.

Okay people, you have just been ARMED.

The sane, to the streets, for the win.

Fri, 05/21/2010 - 18:28 | 366821 Bob
Bob's picture

The game is afoot!

Once more unto the breach, dear friends, once more!

Ultimately, you gotta admit you would not mourne her head set upon a pike. 

And surely it will be the stupid to go first. 

Fri, 05/21/2010 - 14:43 | 366238 JLee2027
JLee2027's picture

She has a Masters Degree in social work buddy. There's no willful ignorance, unlike Reed, Pelosi, etc.

Fri, 05/21/2010 - 14:48 | 366257 Ripped Chunk
Ripped Chunk's picture

A masters degree in social work?  Why not continue on for the Phd? Better yet write a textbook or two?

Are youy fucking kidding me?

Fri, 05/21/2010 - 15:01 | 366308 JLee2027
JLee2027's picture

The point I'm making is she not expected to be an intellectual giant in financial matters. So yes, she asked (I assume) and got advice to vote for Bernanke. As they say, a smart banker can fleece anyone, even a US Senator with a degree in Social Work. See Bernie Madoff.

Mikulski is not the villian here. 

Keep writing letters to her. She does listen.

Fri, 05/21/2010 - 15:39 | 366402 Ripped Chunk
Ripped Chunk's picture

I am not in her constituency so unless I falsify my zip code, I can't post to her "site"

 

 

Fri, 05/21/2010 - 20:17 | 366980 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

Mikulski voted for Obama Care, right?

She is the problem and must go.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fri, 05/21/2010 - 14:50 | 366267 faustian bargain
faustian bargain's picture

masters in social work...lol. oh that's great. that's like saying "I am a certified professional know-nothing."

Fri, 05/21/2010 - 15:09 | 366327 Auric Goldfinger
Auric Goldfinger's picture

Kinda like an MBA?

Fri, 05/21/2010 - 15:45 | 366419 Hephasteus
Hephasteus's picture

I'm not just a regular biness man. I'm a MASTER biness man!!

Fri, 05/21/2010 - 17:21 | 366685 LeBalance
LeBalance's picture

I am not just good at baiting, I mastered it.

Fri, 05/21/2010 - 16:48 | 366606 Shrimp Head
Shrimp Head's picture

Sociology - The intense study of the obvious

Fri, 05/21/2010 - 14:54 | 366283 cougar_w
cougar_w's picture

I think you are trying to say that she was not being willfully ignorant, rather she is actually ignorant and should not have been trusted with power during a time of crisis.

Point taken.

They will all hang for negligence leading to treason, regardless.

Fri, 05/21/2010 - 20:35 | 367010 Miles Kendig
Miles Kendig's picture

Negligence?  You are too kind cougar.  It is deliberate indifference plain & simple.

Fri, 05/21/2010 - 18:33 | 366827 Bob
Bob's picture

Oh, no!  When I was tempted to defend economic ignorance, the plight of social workers who can't fathom the required stats course was going to be my recourse. 

I tutored econ and psych majors in school and that was painful work.  But

OMG.  Not Social Workers serving in times of economic complexity, please Dear God, not that!

The only people with GRE scores lower than teachers are social workers. 

Sat, 05/22/2010 - 02:51 | 367354 John_Coltrane
John_Coltrane's picture

Yes, but could she work in a Starbucks without "eating into" all the profits?

Sat, 05/22/2010 - 10:10 | 367534 FEDbuster
FEDbuster's picture

Tugg Speedman: There were times while I was playing Jack where I felt...
[pause]
Tugg Speedman: ...retarded. Like, really retarded.
Kirk Lazarus: Damn!
Tugg Speedman: In a weird way I had to sort of just free myself up to believe that is was ok to be stupid or dumb.
Kirk Lazarus: To be a moron.
Tugg Speedman: Yeah!
Kirk Lazarus: To be moronical.
Tugg Speedman: Exactly, to be a moron.
Kirk Lazarus: An imbecile.
Tugg Speedman: Yeah!
Kirk Lazarus: Like the dumbest mother fucker that ever lived.
Tugg Speedman: [pause] When I was playing the character.

 

Kirk Lazarus: Everybody knows you never go full retard.
Tugg Speedman: What do you mean?
Kirk Lazarus: Check it out. Dustin Hoffman, 'Rain Man,' look retarded, act retarded, not retarded. Counted toothpicks, cheated cards. Autistic, sho'. Not retarded. You know Tom Hanks, 'Forrest Gump.' Slow, yes. Retarded, maybe. Braces on his legs. But he charmed the pants off Nixon and won a ping-pong competition. That ain't retarded. Peter Sellers, "Being There." Infantile, yes. Retarded, no. You went full retard, man. Never go full retard. You don't buy that? Ask Sean Penn, 2001, "I Am Sam." Remember? Went full retard, went home empty handed...

 

Has our entire government gone "full retard"?

o YES

o NO

 

 

 

Fri, 05/21/2010 - 14:22 | 366179 chumbawamba
chumbawamba's picture

Wait, are you being serious here?

OMG, I just threw up a little bit in my mouth.

Mmmmm, vomit.

I am Chumbawamba.

Fri, 05/21/2010 - 15:41 | 366406 i.knoknot
i.knoknot's picture

lol - dam

Fri, 05/21/2010 - 20:37 | 367013 Miles Kendig
Miles Kendig's picture

Why waste good chow Chumb.  It is better to get twice the pleasure fo sho...  Unwittingly rhetorical...

Sat, 05/22/2010 - 10:08 | 367533 Hulk
Hulk's picture

feed the birds!

Do NOT follow this link or you will be banned from the site!