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« Rejected for a mortgage because the house is round | Main | MUST SEE Dean Baker: "The Elites Have ABSOLUTE Contempt For The Public" (VIDEO) »
Monday
Nov082010

Who Taught Sarah Palin How To Spell Bernanke?

Sarah Palin warns Zimbabwe Ben to 'cease and desist' all money printing...

The Primper vs. The Printer.  I'm not saying she's wrong.  I'm just saying someone had to teach her how to spell Bernanke, and there's no doubt that quantitative easing was refudiated and not allowed on the test.

Palin Warns Bernanke: 'Cease And Desist' Purchase Of Treasuries

NEW YORK -- In an unusual detour, Sarah Palin waded into monetary policy Monday, lashing out at Federal Reserve Chairman Ben Bernanke and urging him to "cease and desist" his attempt to jumpstart the economic recovery by committing to buy up to $900 billion in U.S. government debt.

In prepared remarks to be delivered to a trade association in Phoenix, the former Alaska governor and vice presidential candidate said she is "deeply concerned" with the Fed's plan, announced last week, arguing that the nation's central bank would be "printing [money] out of thin air" and that it is "far from certain" to "even work." The argument was unusual in that monetary policy is supposed to be immune to political pressure.

Palin, whose monetary policy credentials could not be deduced Monday, addressed one side of the issue in what is likely to be an appeal to the Tea Party movement, which is deeply suspicious of the central bank.

"The Fed hopes doing this may buy us a little temporary economic growth by supplying banks with extra cash which they could then lend out to businesses," she will say, according to remarks leaked to The National Review, a conservative publication. "But it's far from certain this will even work."

Palin adds that, if it doesn't work, the Fed runs the risk of printing so much money that "no one will want to buy our debt anymore."

The risk of inflation is too large, Palin will argue. She notes that prices have already "risen significantly" as "everyone who ever goes out shopping for groceries knows." She adds that the price of oil is also rising, according to her prepared remarks, which she links to the Fed's asset purchases and "decision to dump more dollars onto the market."

Palin then will argue that "the worse part" of this is that the White House "refuses to open up our offshore and onshore oil reserves for exploration." It's unclear how drilling for oil relates to monetary policy.

Referencing calls from foreign leaders who oppose the Fed's plan, Palin will call on Bernanke to "cease and desist." The former mayor of Wasilla, Alaska, doesn't appear to mention the fact that foreign leaders are concerned because the Fed's plan is likely to lead to a devaluing of the dollar relative to other currencies, which should stimulate exports and cut into imports.

Continue reading...

Sarah Palin sports reporter:

She does an excellent job here...

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But Sarah Palin on the bailouts...Not so excellent...

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Reader Comments (19)

Trust me; you don't have to be a monetary expert to know that the money printing is flat wrong. The people that should suffer the pain are the bankers who made the bad loans willfully; instead, they are being allowed to be bailed out via the extreme inflation to come.

To try to silence Palin due to a perceived lack of expertise is to ignore that Bernanke was supposedly the reigning expert on how to minimize a depression, and he is failing spectacularly because he refuses to let banks go bust. Yes, she reluctantly supported the bailout, which was idiotic, but at least she's rejecting this form of currency abuse. Give her a break.
Nov 8, 2010 at 7:41 PM | Unregistered Commenterfazsha
Palin invents word 'refudiate,' compares herself to Shakespeare

http://voices.washingtonpost.com/44/2010/07/palin-invents-word-compares-he.html
Nov 8, 2010 at 7:44 PM | Registered CommenterDailyBail
@fazsha

I did give her a break...i said she was correct in her criticism...but there were too many good jokes for me to pass up...i jsut think it's off the charts hilarious that a woman who doesn't understand finance is giving the Fed chairman advice...some days i love my job...
Nov 8, 2010 at 7:46 PM | Registered CommenterDailyBail
http://www.youtube.com/watch?v=MTR8doFnBr4

politicians and made up words...
Nov 8, 2010 at 7:49 PM | Registered CommenterDailyBail
Palin is apparently smarter than Bernanke. How's that possible?
Nov 8, 2010 at 8:34 PM | Unregistered Commenter4rc
I liked your write up a lot here, DB.

Sarah's dumb and dumb is funny, no one can refudiate that. Sarah being smarter than Bernanke doesn't mean anything either; most crack-whores are smarter than him. I must say though, she has really parfayed her charms into a lucrative career, and you can't damn a girl for cashing in on her momma-grizzlitudiness.

But to answer your statements about QE 2, I think everyone's so upset for a few reasons, but perhaps the biggest one is that everyone is now realizing that there is no plan "B." Monetizing the debt is the new normal. There was more of a "wait and see" attitude about QE 1. It was kind of like shooting golf balls into that leaky pipe in the gulf; no one really expected it to work but what the hell did we know?

Ben's made it clear that he's going to shoot every last god-damned golf ball he can find into the hole, because sooner or later it's gonna work....

That's cause for concern.
Nov 8, 2010 at 9:46 PM | Unregistered Commentermark mchugh
Well...if a dumb country girl is finally waking up to the dangers of QE2....you just may be doing something right DB. At least you can say you are educating the dumb-masses. Keep fighting the good fight....AB
Nov 8, 2010 at 9:59 PM | Unregistered CommenterAint Bullshittin'
Mark wrote...Sarah's dumb and dumb is funny, no one can refudiate that. Sarah being smarter than Bernanke doesn't mean anything either; most crack-whores are smarter than him. I must say though, she has really parfayed her charms into a lucrative career, and you can't damn a girl for cashing in on her momma-grizzlitudiness.

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I agree completely and i don't begrudge her...i applaud what she's accomplished...but as you know, i just don't want her as prez...

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"Ben's made it clear that he's going to shoot every last god-damned golf ball he can find into the hole, because sooner or later it's gonna work....

That's cause for concern. "

Japan has been shooting for 20 years and ZILCH...that's what fucking scares me...here's what is interesting about all the media attention...bernanke is setting himself up for a MASSIVE public failure with QE2...never has so much attention been paid to a Fed chariman and his gamble...when it fails, and we both know it will, he might just be the fall guy...granted, Congress can't fire him, but they can sure make a lot of noise about what a piss-poor job he's doing...ron paul will make his life a living hell every week in the sub-com...

So I think there's a chance he might end up leaving his job - he'll quit because of the constant criticism (fingers crossed) - within 24 months...all because of a very public QE2...weird...
Nov 9, 2010 at 3:04 AM | Registered CommenterDailyBail
I feel some small degree of vindication. I put my life on hold and did everything I could to try to prevent Bernanke's reconfirmation. I really feel like that was the key inflection point.

TIME's 2009 "Man of the Year"; His magic show is getting old fast now.
Nov 9, 2010 at 9:53 AM | Unregistered Commentermark mchugh
but perhaps the biggest one is that everyone is now realizing that there is no plan "B." Monetizing the debt is the new normal. There was more of a "wait and see" attitude about QE 1

thAre aint no plan "What-da-Fuck", either.

I put my life on hold and did everything I could to try to prevent Bernanke's reconfirmation. I really feel like that was the key inflection point.

I come out-a now-whAre, too.....now im in here everyday, just to see how much "Woerer'est" it gets today.....?

Tex, can tell ya's this much............... I'll take all the credit for that one. Tought her every "Miss-Spelthed'ed-Word-She Writes, on her Hand, & im Proud of it.

Just when Dar thought his Famous life was over, im "Back".......................................!!!!!!!!!

whAre, whAere, whAre We.............did that one fer you "Z"...........wake up people...? GS, is behind the money to make sure SP, and her Dancing With the Stars, girl, will stay in the spot-light, every week.

Setting her up for the "Great Fall" come 2012.......Count on Tex, to tell her what to write on her hand for the camera. Im "Dar-on-the-Spot", making sure her spellin is up to par for the Dem's to pick a part.......
SP, aint goin No-whAre, but back to Alaska, come 2013..........
Nov 9, 2010 at 10:01 PM | Unregistered CommenterTexas Dar
[edited]

Mihail, you need to spread your racist venom elsewhere.

--The mgmt.
Nov 9, 2010 at 10:27 PM | Unregistered CommenterMihail
[edited]


Im proud that you are one of us..................If the peoplle only knew what-da-fuck, is realy going on, they would grab their guns and go to you know whAre...............

Wellcome a Board, to our ship..........................the people in the "HOT" cant evan get a "Flush"............., think, the goverment likes it like that.
Its the waitting game, they love, evan if they dident caus is, they claim it..................
Nov 9, 2010 at 10:58 PM | Unregistered CommenterTexas Dar
What kind of liberal rag waste of space is this. I guess when you have the brain the side of pea you ignore facts and just attack Sarah. Liberal too dumb to vote, to gullible to admit Obama is a diasater, and of course when you can't understand the corruption of the Federal Reserve attack people to hide your gross ignorance of banking cartels. Here is hint get a job you failed as a reporter.
Nov 9, 2010 at 11:51 PM | Unregistered CommenterBruce
Is that really SP as a kid? She was really cute. It's funny to think we were all that innocent at one point in our lives.
Nov 10, 2010 at 12:17 AM | Registered CommenterDr. Pitchfork
I feel some small degree of vindication. I put my life on hold and did everything I could to try to prevent Bernanke's reconfirmation. I really feel like that was the key inflection point.

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i remember mark...you wrote some great stuff which i published...it was the toughest confirmation for a fed chairman in history...we did what we could...
Nov 10, 2010 at 10:06 AM | Registered CommenterDailyBail
What kind of liberal rag waste of space is this. I guess when you have the brain the side of pea you ignore facts and just attack Sarah. Liberal too dumb to vote, to gullible to admit Obama is a diasater, and of course when you can't understand the corruption of the Federal Reserve attack people to hide your gross ignorance of banking cartels. Here is hint get a job you failed as a reporter.

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WRONG. We are very fiscally conservative around here...we just don't like sarah...and feel she defintiely shouldn't be our leader...ron paul's fiscal conservative credentials blow sarah's out of the room...
Nov 10, 2010 at 10:08 AM | Registered CommenterDailyBail
@pitchfork...

yes that young girl is sarah...at least as far as i know...but other sites recognize that pic as sarah as well...
Nov 10, 2010 at 10:10 AM | Registered CommenterDailyBail
I think its sad that Sara Palin cant see how the elite are useing her to keep the Dem. in power. She realy thinks she will beat BHO in 2012.

The Best thing she could do is get behing Ron Paul. She has the MSM, eatting out of her hand, evan with the Miss-Spellin. Then she would be working for us, the people.

The Hell with the Tea Party. GS is the man running the show, like he is everything else. Sara Palin could make histroy if she would just open her eyes.
Nov 10, 2010 at 5:11 PM | Unregistered CommenterTexas Dar

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