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    Sarah Palin, Appeaser

    By DF on Tue, 11/09/2010 - 6:35pm | Politics

    About QE2, the venerable economist Sarah Palin has this to say:

    When Germany, a country that knows a thing or two about the dangers of inflation, warns us to think again, maybe it's time for Chairman Bernanke to cease and desist.

    Of course, Germany is totally just trying to give us a friendly warning based on their own experiences here, right?  Completely out of the kindness of their hearts, not at all out of defense of their trade surplus (which is totally because Germans just make awesome stuff, not at all because of their protectionist economic policies).

    Seriously, though.. if Sarah is saying that we should do it just because the Germans tell us to, isn't she advocating appeasement?  And isn't the worst kind of appeasement... <gasp> appeasement of Germans?

    Search your feelings - you know it to be true.

    Topics: 
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    Comments

    Germany is very, very white, DF. So they must be ethically pure.


    by Doctor Cleveland on Tue, 11/09/2010 - 7:00pm

    And they have a lot of small towns there.  Just like in Sarah's real America.


    by anna am on Tue, 11/09/2010 - 7:28pm

    I trust that Ben Bernanke, Congress, Geithner, Obama and the GOP are doing all they can for the big banks and Wall Street. If you think Bernanke cares at all about careful management and regulation by the Fed, remember he was the one who could have tightened requirements for bank mortgage loans, stopped 'liar loans' which the Fed only did after the meltdown, and thereby reduced or prevented the huge real estate bubble and subsequent crash. When it did crash the Fed window for free money was open to every shyster firm on Wall Street, while the same are back to the big trading bonuses of 2007 and the banks are milking foreclosures guaranteed by Fannie/Freddie/Ginnie Mae for every dollar they can get from the government, while going slow or blocking mortgage modifications.

    I frankly trust German government officials to tell the truth about the US economy more than our own officials. As to the positive effect of Bernanke's money printing for the 'average  worker economy' in the US, Robert Reich's column has been cited:

    There are two American economies. One is on the mend. The other is still coming apart.

    The one that’s mending is America’s Big Money economy. It’s comprised of Wall Street traders, big investors, and top professionals and corporate executives.

    The Big Money economy is doing well these days. That’s partly thanks to Ben Bernanke, whose Fed is keeping interest rates near zero by printing money as fast as it dare. It’s essentially free money to America’s Big Money economy.

    Free money can almost always be put to uses that create more of it.....overall compensation in financial services will rise 5 percent this year, and employees in some businesses like asset management will get increases of 15 percent.....But there’s another American economy, and it’s not on the mend. Call it the Average Worker economy.....


    by NCD on Tue, 11/09/2010 - 7:59pm

    I don't disagree that the regulation of the financial sector and the ensuing solutions have been all wrong.  Some of that is under the purview of the Fed, but a lot of that is simply up to Congress.  Even so, are you suggesting that the Fed should contract the money supply, thereby raising interest rates?

    Reich isn't wrong.  The money is piling up in the banks and either bolstering corporate balance sheets or going abroad.  But, again, is the Fed supposed to contract the money supply right now?

    In any case, none of it makes Sarah Palin any less dumb or German dignitaries less self-interested or more honest about the U.S. economy.


    by DF on Tue, 11/09/2010 - 9:51pm

    Yeah, well after Sarah and the First Dude straighten out our economy they will take care of those socialist BMW driving beer swilling Fed-money-printing-permission-slip-writing brewmeisters across the lake!!


    by NCD on Tue, 11/09/2010 - 11:14pm

    I'm missing something here.

    She said we should follow Germany's advice, eh?

    aaaaaaaaahh......

    Germany is more a socialist than it is democratic.

    So it's okay to folllow the advice from a socialist nation concerning dangers to our economy concerning inflation, eh?

    aaaaaaaaahh......

    Germany has strong a strong unionized labor force responsible for the social programs paid with taxes that are about 46% of a person's wages.

    And they pay abou $2 for a quart of gasoline because of taxes too.

    aaaaaaaaahh......

    Now I'm confussed....I thought the Witch from Wasilla was against socialism in all makes and forms? So if she's against it, then why follow their advise?

     


    by Beetlejuice on Tue, 11/09/2010 - 8:34pm

    They also have death pan... er, I mean national healthcare.


    by DF on Tue, 11/09/2010 - 9:53pm

    More economics fun and games with Sarah:

    http://blogs.wsj.com/economics/2010/11/09/palin-responds-to-real-time-ec...


    by artappraiser on Tue, 11/09/2010 - 9:28pm

    Ah, that's right!  We didn't mean inflation is actually happening or that it has happened, but it sure will.. sometime.  They can't say when, they can't say how much inflation, but it will be BAD, probably HYPER.  And it's just around the corner. Wait for it...


    by DF on Tue, 11/09/2010 - 9:54pm

    What are the odds that Mama Grisly (Gristly?) could even point out Germany on a map? Think she'd even get the right continent?

    The few times she's attempted to talk about substantive issues, she always sounds like that kid back in High School who always tried to bullshit her way through class because she was too stupid to even comprehend the homework assignment, let alone the material being taught.


    by SleepinJeezus on Wed, 11/10/2010 - 9:16am

    Stop with the trick questions, Sleep'n; no one will fool her again. Germany -- a COUNTRY? She knows it's a Continent just like that other place she thought was a country.

    by CVille Dem on Wed, 11/10/2010 - 10:14am

    Yeah, taking her advice on listening to a disinterested third party like Germany reminds me od Eric Cantor offering his help on who we should have as minority leader. He is scared of Nancy Pelosi because she is the only effective Dem leader in decades. I'll quote my pal Sarah, and just say, "Thanks but no thanks, Eric. I think we'll make our own decisions about health care & taxes too."

    by CVille Dem on Wed, 11/10/2010 - 10:10am

    Did you know you can see Russia from Germany?

     


    by quinn esq on Wed, 11/10/2010 - 11:45am

    Not in the winter.


    by Doctor Cleveland on Wed, 11/10/2010 - 12:09pm

    Now THAT'S funny!


    by SleepinJeezus on Wed, 11/10/2010 - 4:47pm

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