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Maxine Waters Congratulates Yellen On Not Hiking Rates, Says ZIRP Is Precisely What "Minorities" Need
If there was any doubt that the Fed has now officially lost control, then Maxine Waters' congratulating Yellen on not hiking rates should seal it.
* * *
Following the announcement of a decision today by the Federal Open Markets Committee to hold off on raising interest rates, Congresswoman Maxine Waters (D-CA), Ranking Member of the Committee on Financial Services, commended the cautious and prudent approach to ensuring continued economic growth of the U.S. economy.
In the statement, Waters noted global market volatility and the fact that many families in minority communities have yet to fully benefit from the progress the economy has made, and encouraged the panel to continue to consider these factors in the panels considerations moving forward.
She released the following statement.
“I am pleased the Federal Reserve under the leadership of Chair Yellen has chosen to exercise a prudent and cautious approach to safeguarding our economy by carefully weighing the full range of economic data in assessing whether to raise interest rates.
Since the depths of the Great Recession, which decimated our economy and left millions of families out of work and displaced from their homes, our economy has made remarkable progress.
But despite these gains, volatility in global markets continues to threaten our economic outlook. Furthermore, persistent slack in the labor market remains, with many families who have yet to reap the benefits of the economic recovery.
Data has shown that for African-Americans and Latino communities, the unemployment rate remains considerably higher than those of their white counterparts.
Moving to prematurely raise rates will endanger the critical economic progress we have made, and threaten any gains minorities have only begun to make on the tail end of this recovery.
I remain hopeful that the Fed will continue to keep the well-being of all Americans in mind as they consider potential rate hikes moving forward.”
* * *
It wasn't quite clear which minority she was referring to: the 1% or the 0.1%.
But there you have it: one more person unable to grasp that it is the Fed's policies in the first place that have left "millions of families out of work and displaced from their homes."
In time, they will grasp it, right around the time the last ounce of Fed credibility has gone.
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Sho'nuff! It means gettin' yo fair share o'da loot! White bitches be holdin' back and shit!
As Michelle Obama put it back in 2008, it’s not a piece of a bigger GDP pie that Michelle and Maxine want to help bake, it’s your pie Michelle and Maxine want to take:
“The truth is, in order to get things like universal health care and a revamped education system, then someone is going to have to give up a piece of their pie so that someone else can have more.”
I thought Rick James was dead.
Cocaine is a hell of a drug.
Well it's certainly worked so far.
Maxine Waters ... the voice of "reason".
That's great and with NIRP they will pay people on welfare to use SNAP cards. The logic is that money grows on trees and they have to be paid to pick it.
by minorities does she mean savers?
MAXINE WATERS IS RIGHT!
SHE KNOWS ABOUT THIS ONCE IN A LIFETIME WORK FROM HOME OPPORTUNITY!
https://www.youtube.com/watch?v=xn5z0eWy_Z4
Because so many payday lenders have ZIRP?
Maxine Waters is a secret white person. I refuse to believe a black woman would cheer the idea of making houses more expensive.
This statement was not from the black Maxine, for or about blacks.
It was from the female Maxine, lauding the fact a woman is in charge of the fed.
Got to make sure you properly assign the statement to the correct protected minority class.
In this case, female. You know, that minority that is 52% of the population.
She be talking her book.
She done gone Jessie ons hers peoples
Oh, Maxine Waters is so right. Look at all those minorities getting zero interest rate loans.
Maxine was confusing the Fed's 0% with 0% offers for 1 month she would get in the mail. Nothing empowers black people like being set up for 30% rates.
'Data has shown that for African-Americans and Latino communities, the unemployment rate remains considerably higher than those of their white counterparts' - Yeah but that has nothing to do with the crash.
Now you're just being metaracist.com ...
Sorry my African-American Brothers and Sisters - your representatives = you are all fu*ked
And Californians voted it in con-gress.
Yep,,, that state has the moron market cornered.
Oh come on man! How can you say that? Look at the brilliant politicians we've elected: Boxer, Feinstein, Palosi. I mean, come on. What about Brown? Is there a finer governor out there? Look at what he's doing for the great people of California. He's sparing no expense trying to dig the state out of this terrible drought that it's in, by pushing ahead with high speed rail system. It's sheer genius. Think how much faster we'll be able to get the water from the Norcal to Socal.
The man should be canonized. And I do mean with a real cannon.
Yeah, free money. Someone else’s money is exactly what the African-American and Latino communities need. That’s the reason she’s in Congress, to get free money from the taxpayers for her people - who don’t work.
THIS MEANS MORE EPISODES FOR "THIS WEEK IN SHIVING"!!!
HUZZAH!
https://www.youtube.com/watch?v=0w6F9w7FBM8
A representative of her constituency, she will be re-elected.
Maxine Waters 100% represents the breadth of knowledge and wisdom in her community - she is well loved.
who's this bitch?
I can't help but believe Maxine and Janet both make delicious cookies.
Ok I guess ill have to put that on the list behind package stores, welfare, crack cocaine and foodstamps...
hotdamn that woman is comedy gold!
can ya believe she'd compromise her filty lucre by syncing up with Gary Webb?
that had to be a hard decision.
sfb
It'd be a little more appropriate if she teamed up with Gary Coleman seeing how their brain activity is equal.
Well Jethro,
c'ins thar both lookin' at grassroots, eyed says we have us a draw.
MaxiPad Waters - too dense to ABSORB anything....
that's some super fine poontang right there /s
https://www.youtube.com/watch?v=ZTVDHnwlz5k
That Maxine, what a teenage queen
She lookin' so clean, especi'lly down in between
What I like
She come to town, she be foolin' around
A-puttin' me down as a rock-and-roll clown
It's all right
(Wang dang sweet poontang)
(Wang dang sweet poontang)
Wang dang, what a sweet poontang
A-shakin' my thang as a rang-a-dang-dang in the bell
Ooh, baby
She's so sweet when she yanks on my meat
Down on the street you know she can't be beat
What the hell
(Wang dang sweet poontang)
(Wang dang sweet poontang)
All right, baby
You see what I got here in my hands
I got it right in my hands
Just for you, baby
I think I'm gonna yank on it one time
Look out!
Wang dang, what a sweet poontang
A-shakin' my thang as a rang-a-dang-dang in the bell
She's so sweet when she yanks on my meat
Down on the street you know she can't be beat
What the hell
Madame Yellin, today I want to congratulate you on your swift action to save the ship...as you were patrolling the shark infested waters of financial armageddon..you saw a torpedo heading for the ship,,your swift maneuvering saved the day..I am so proud of you...wait..a message is coming from aft the ship, the maneuvering caused the ship to hit a reef..massive water damage..may have to abandon ship...oh shit..their goes my successful part in American history
PFFFFT (spit take) "Zirp is what minorities need" lol
I dont even need to explain how stupid this is.
So minorities arn't equal to the majority, they have different needs.
The debt slaves call for cheaper debt.
Can somebody explain to me why we are run by minorities? I´m part of the majority, 2 kids, honest, work like a demon ( if I get a chance)...... white ( did I just write that?.....must be a racist)
Your'e just a silly goy.
Because, after 150 years, many whites (mostly liberal types) still feel guilty about the whole slavery thing. So they appease their conscience by voting for minority candidates. That's how an unqualified, questionable American citizen gets elected president. Although I still believe presidents are appointed, not elected.
Didn't Maxine's husband run a bank that got bailed out...or was that Shiela Jackson-Lee..? Both are corrupt thievies so I guess it doesn't matter...
Just what Yellen needs, more stink.
Destroying one's currency is always the prudent path for sure.
There are no policies that are more REGRESSIVE than inflation and QE. How can this cunt not be able to comprehend that?
Maxine needs to comment on this poor jaywalker:
http://www.rawstory.com/2015/09/video-shows-nine-cops-arrest-crying-blac...
At the risk of being accused of racism, here are a few of Maxine Waters brightest quotes:
"
Guess what this liberal would be all about? This liberal would be about socializing … uh, umm. … Would be about, basically, taking over, and the government running all of your companies.”
Just prior to Mac & Mae being bailed out:
“We do not have a crisis at Freddie Mac, and particularly Fannie Mae, under the outstanding leadership of Frank Raines.”
During the Rodney King riots:
“If you call it a riot, it sounds like it was just a bunch of crazy people who went out and did bad things for no reason. I maintain it was somewhat understandable, if not acceptable. So I call it a rebellion.”
And my personal favorite from a couple of years ago during the debt ceiling debacle:
“170 million people are going to lose their jobs because of this.”
Wow! Pretty scary stuff, considering that there are only about 180 million people employed, give or take.
If she's not the posterchild for everything that is wrong with the democratic process....
“170 million people are going to lose their jobs because of this.”
She's right about that point. She just said it two years early. 94M down, 76M left to go.
nah,
the best was when she asked berspankme who his ceo was.
She took the same advanced math class as Obamaclown. I just wonder in which of the 58 states SHE studied in.
What an idiot. She smiles her fat smile as more and more Americans enter the poorhouse. Does she realize what central controls have done to the American people? Is she ignoring the fact that our Public education system is in the pits and that all of the low skilled manufacturing middle income jobs are gone thanks to government regulation? How can she praise the FED when the one of the largest reasons Americans are in debt is that the FED and the banks make money by devaluing our currency through inflation and thereby collecting the interest payments of Americans who can no longer afford to pay for things on their own??????? My grandfather in the 50s bought his house without taking a mortgage. My mother paid off her college tutition without a student loan. I will not have that luxury when I get out of college.
Either this woman is a traitor to her countrymen and her "Minority" people, or she is a complete Idiot.
"I will not have that luxury when I get out of college.
Either this woman is a traitor to her countrymen and her "Minority" people, or she is a complete Idiot."
Stay in college, sooner or later you'll get to the part where they teach you not all events are mutually exclusive.
What can men do against such reckless stupidity?
Pay close attention to this consistent theme from ALL the dems (Waters, Schumer, Pelosi, Reid, Sanders, Obama, etc), ie the coercive collectivist socialist parasites:
they ALWAYS want free stuff - ie
1 full-spectrum craddle-to-grave entitlement programs including healthcare, retirement, food, etc,
2 no-down-payment, no-income-verification mortgages,
3 subsidized near-zero interest rates
etc, etc, etc, etc
for their supporters and voters, ie the incompetent, lazy failures, invaders, drug addicts, etc
ALL paid for by confiscating and redistributing the earnings of the responsible and successful people.
Maxine qualifies as an expert on wealth transfer, a leader of the welfare recipients, and as a central banker. In short, Maxine is the new bellwether on the success of the United States of Amerika’s socialist, centrally-controlled economy.
Orwell-speak.
Maxine Waters is a product of the Fed. This country will not survive unless the Fed is destroyed. Today was an important step in getting rid of the Fed. The Fed, like the highwayman, has only one way to make money; he has to put a mask over his face and ride up to the stage coach. He doesn’t grow crops, and he doesn’t raise cattle; he just threatens with violence and steals. The highwayman, as in the Old West, is now extinct. The people became the hunter. The Fed, like the highwayman, must be hunted down and destroyed by its soon-to-be sworn enemy, the people of the United States of America.
Minorities get zero % on their credit cards? Isn't that racist?
Well Aunt Jemima ya got your wish!...
And after your done protesting for the black man's plight in America and not all the other places where black people dwell with your full endorsement of the "white chimps" legislation to destory and loot those "black places"...
Get your black ass in the kitchen and fix me some biscuits!
I'm hungry!!!
Because the world revolves around minorities.
This woman is as stupid as a damn rock. She swears blacks have advanced under Obama. What a freaking moron.
Maxine the Slave serves her masters well, and she doesn't mind because she's better off than 99% of the other slaves. She's been allowed to work in the Big House and mingle with the 1%.
I think the term you're looking for is House Nigger.
Maxine, just shut the fuck up. Shut. The. Fuck. Up.
What an economic miracle that could be realized if the "taker" class of society were suddenly "taken".
Just think of how really dumb people are if if her voters truly believe she is smart.
sheeeeeeeet
Seth Rogen Unveils New Christmas Movie — ‘Will Open on Thanksgiving, Made by Jews’ (VIDEO)
http://www.algemeiner.com/2015/07/28/seth-rogen-unveils-new-christmas-mo...
Jews Boast of Owning Hollywood—But Slam Gentiles Who Say the Same
http://newobserveronline.com/jews-boast-of-owning-hollywood-but-slam-gen...
Seth Rogen, Christians United For Israel Slam Ann Coulter Over Her Tweet Referring to ‘F—ing Jews’
http://www.theblaze.com/stories/2015/09/17/seth-rogen-christians-united-...
Seth Rogen, Judd Apatow, etc. have surrounded themselves disproportionately with Jews for years - now Rogen, who would cry and shit his pants if a mere goy made a movie making fun of Purim or Passover or some other fucked up revenge fantasy Jewish "holiday" - has got a "christmas" movie starring 2 Jews and no doubt as Jeiwsh-run as anything he or Judd Apatow ever do.
Fuck you Seth Rogen.
p.s. What if she had left out "fucking"?
what if she had said "Israel firsters"?
Behold, the economic wisdom of a degree from Cal State LA in Sociology.
:)
That thing makes my skin crawl
Eco...nomics? Whats that?
I thought this was a discussion about hyponomics, the art of hyuping the merkisino through birklejerks and optitwats to proplobotovertise the 'murikan sheeple into believing timewillallfix.
birklejerks: banker circle jerks
hyuping: upping market indices through hype
murkisino: murky casino market (murky from shade-y trades n shit)
optitwats: tweeting optimistically
proplobotovertise: the act of lobotomizing unsuspecting sheeple by continually spewing forth propaganda and avertisements till they don;t know what to believe and their weak little minds shit down in panic
Nigger please!
The only advice I would ever want from Comrade Waters is how to steal money from a bank she and her husband were involved in and then convince everybody they had nothing to do with the bank going "belly up". Other than that a shining example of stunning ignorance.
www.traderzoo.mobi
I am a black woman on social support and I love paying higher prices. Please kick me, destroy my savings and be my master Janet, you are the boss and I will reward you with my loyalty. I dont understand economics at all, but I know for the fact that whatever you are doing must be for my own good.
PS(I am also christian visiting church every weekend and I believe in powerty and that shall be my fate.)
All parasites love ZIRP! But if you actually work (producing something of value) to earn a living, not so much.
"....tail end of this recovery."?????????????????????????????
are you effin' fucking kidding me?
If I wasn't against ZIRP to infiinty before, I'd certainly be now. Anything blackbitchcuntho Maxine is for to help the effing obamatrons is something real patriots should be against. FOAD blackhobitch!
D'aavon say what?
Cause Maxine knowed this economic shit, motherfucker. Word.
if you think this is the stupidest, liberal Goebbels inspired statement she has ever made you would be terribly mistaken.
Seriously! This woman obviously wasn't in line, when God handed out brains to the Dung Beetles. Federal reserve rates at zero or even negative are meaningless to low income struggling minorities. Has this knuckle dragging neandrethal ever been to a Cash Advance, Pawn shop, or buy here pay here car lot?? Jesus my head is going to explode.
the truth is that she will say anything that sounds "good" for her homies. people are so stupid they believe her.
Dudes Dudes
Here at ZH we try not to kill the messenger, unless it is absolutely necessary.
Obama sent MW forth to assure Black America that this is the best of all possible interest rate decisions. That the evanescent recovery on Main Street of Black America is still awesome
Not sure what is more scary. Her in office or the majority that voted her in.
Scarier than both of those are the labors of her 434 coworkers.
Clearly, Maxine is the stupidest woman in congress.