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September 03, 2009 – Comments (8)

The interviewer's questions aren't so good. In fact, they're pretty lame. But Pete Stark comes across as stupid, arrogant, and incapbale in this one. When cornered, he cowers behind petty defenses like "Do you have a Ph.D in economics?" Of course, what do you expect from a guy who has been in office since 1973? Clearly, he believes he can do whatever he likes. He's as great an argument as I've ever seen for term limits.

Pretty amazing. Helps that the interviewer looks like Borat.

Swear word alert. Don't watch if you can't take congressional cursing.

Hat tip to Dave Meier and teh internets.

8 Comments – Post Your Own

#1) On September 03, 2009 at 6:00 PM, JakilaTheHun (99.93) wrote:

The interviewer is extremely incompetent and obviously has an agenda --- so I guess I wouldn't read too much into this.  Remember, so many politicians won't even grant interviews like this. Most pols will only give interviews to "friendly" reporters these days.  

Stark is just being honest.  I can respect that.  I'd rather him honestly express his views than be a lying, conniving, sniveling politician like 90% of Congress.  

I don't think Stark was saying "debt is good."  He was saying the only reason we can have our current debt is because of the success of the US economy.  He didn't chose his words well and maybe he could've explained it if the reporter wasn't such a moron.  

That's just my take. I guess I see it from a much different angle.  I wouldn't say I endorse Stark's policies, but I can respect his honesty and integrity.  

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#2) On September 03, 2009 at 6:40 PM, 100ozRound (29.43) wrote:

"the more you owe, the more you're worth"

 

Classic!!!!!

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#3) On September 03, 2009 at 7:23 PM, alstry (35.17) wrote:

Now the U.S. Economy is FAIILING on EVERY LEVEL because we have too much debt and no way to pay it back.

Sales are evaporating.

Profits are extinguishing.

Unemployment is skyrocketing.

Bankrupctcies are soaring.

States are shutting down.

Foreclosures are at rates we have NEVER seen before.

AND NOW THAT TAX RECEIPTS ARE PRACTICALLY NIL, ESPECIALLY FROM CORPORATIONS, AFTER FACTORING NOLS.....HOW DOES MR. STARK THINK WE CAN STILL BORROW WITHOUT CREATING A WIEMER REPUBLIC HYPERINFLATION SCENARIO resulting in starvation of the masses since we produce very little?....talk about shock and awe!!!!!!!!!!!!!!!!!!!!!!!!!!!

If you loaned a 100,000,000 homeless people $1,000,000 each.....you would be guaranteed the economy would prosper until they spent out the money....the hangover would be a terrible....to put it charitably.

Welcome to 9.09....there is no more money and few are willing or capable to lend and even fewer can borrow.....without basically counterfeiting or lying.  Clearly Mr. Stark never ever thought this moment would ever come...at least in his term.  Then again, it is obvious Mr. Stark doesn't think too much....but then again, that was probably how Mr. Madoff thought.

PS....I posted this video this morning....

 

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#4) On September 03, 2009 at 7:55 PM, AdirondackFund (< 20) wrote:

Well, that was a Stark contrast to what we have been reading in the mainstream media. 

Welcome to our 'Egghead Depression'. 

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#5) On September 03, 2009 at 9:40 PM, TMFBent (99.81) wrote:

Oh the interviewer definitely has an agenda. And he's not a smart guy by any stretch. That's why it's all the more amazing that a moron like can't deal with him without ending up looking like the bigger idiot. "Thank you, I can see where this is heading, and I have no interest in giving you a platform for your views. My staff will show you out." Then you leave.

The fact that Stark gets into an argument with this guy -- and then loses so badly -- says something pretty interesting about his lack of critical thinking skills, as well as his lack of preparation, and his ego.

If a Borat look alike asks you 15 times if borrowing more adds to the government's interest burden, and the best retort you can muster is "did you study economics? Do you have a Ph.D in economics?" you are, IMO, too stupid to be writing legislation. Of course, his staff likely handles that for him, so I guess it's all good.

Sj

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#6) On September 04, 2009 at 12:43 PM, xserver (< 20) wrote:

This could go straight into an Onion video, all it needs is a lead-in and a hilarious title.

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#7) On September 05, 2009 at 3:30 AM, saunafool (98.63) wrote:

I think it's funny that they both look like they bought their suits at Men's Warehouse in the early 90's.

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#8) On September 09, 2009 at 6:10 PM, Origin97 (50.14) wrote:

I'm 31 Years old. I got out of 10K of credit card debt 1 year ago (mostly from school and Leaving Ma and Pa's) and an 18 month legal Battle with Keybank for school I didnt get to go to. Regardless of the interest rate, I am very much poorer now than I was before I wasted money on interest. Does the Congressman understand compounding? Glad I don't live in California. If Debt was wealth We'd still be the worlds undisputed economic powerhouse with no chance of losing opur title.

What a S**TH**D!

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