That poor woman.
Hillary is an innocent victim.
[deleted]
Last week doesn't make a weekly show about it like maher has been doing, but oliver did a smear piece on stein that was just total nonsense. I posted a link to a video someone else posted on the politics board where a real journalist, robert scheer, basically said he's an idiot and needs to retract everything he said. He won't and it's out there now. Here's the video.
John Oliver Debunked By Real JournalistThese people need to lose their jobs. The public trusts them and they're lying and manipulating them.
https://www.youtube.com/watch?v=KaG4qz2T3QI
share
Incidentally, i'm not the only one saying they need to lose their jobs, i've seen a lot of people talking sh!t about these propagandists and their tactics. Right in the comments of that video:
HBO should dump John Oliver and Bill Maher...
F*beep*ck Maher and Oliver. If not for Silicon Valley I'd cancel HBOIf hbo loses viewers due to this that's exactly what will happen.
share
[deleted]
I thought the accent was kind of funny. His piece was ultimately more accurate than oliver's piece. You can not like these young turks if you want, i don't follow any of these people, and not a partisan.
He is an idiot and you are completely correct. The fed bought heavily traded securities (treasuries and mortgage backed securities) to keep interest rates low and try to inject cash into a flailing economy. (Rates stayed low...cash stayed on sidelines, velocity of money didnt pick up and inflation has stayed stubbornly low.) These securities they are holding mostly until maturity (phase 5 was liquidation...we are nowhere close to that). THey didnt buy junk securities that yield nothing...in fact the securities the fed bough pay hundreds of millions in interest each year THAT THEY RETURN TO THE GOV't. This guy is a moron and Jill Stein is dangerously stupid. Neither are an economist or work in finance and neither clearly did any research on what actually was happening with QE. Not to mention that fed presidents are appointed yes, but not controlled by the WH. Ask George HW Bush how accommodative Greenspan was when he begged him to lower rates prior to '92 election? The fed president should not be political but should mostly focus on keeping inflation vs. gdp growth in check. The idea that they would abuse the fed rules and their office to buy student loans is absolutely insane. hell the fed has a mandate. There are rules. They have to monitor long term interest rates, employment and growth in the economy. Buying horrible debt that theyre going to write off? WTF?
This also all assumes that the Fed Chair(woman) is completely in charge as well and there are no votes. There are 12 members of the FOMC and the chair gets one vote. So even if the president put in their own "yes person" they would still have to contend with 7 board members w/ 14 year terms and 4 bank presidents picked by the banks. How are you going to get these guys to vote to buy garbage debt against their mandate? Oliver while awful now, was completely right to skewer her over this insane idea.
Look, I would actually be all for a use of the Fed to help with student loans. Create a federal agency and let students borrow at the discount rate...the rate banks borrow from the fed. Make the loan forgivable if certain amount of years in government service just like it is now, but otherwise a permanent student loan. That way the student still pays for college, government or fed can help with interest rates, but we are not buying junk to right off and we arent giving people a free ride to get a "college experience" and take 7 years of "liberal arts" only to quit with 28 credit hours to your name. If the government would guarantee student loans the fed also could buy them and sell them as marketable securities. As a fixed income trader I would love it. Think it would be awesome to buy tranches of doctors student loans. if we ever did balance the budget and didnt need to sell so many bonds it would also be nice to have more securities like this to buy and sell. Either way, Jill Stein is a moron living in her own world. John Oliver is completely cucked now, and this "real journalist" is a hack as stupid as the person he is critiquing.
It absolutely can be done, the thing is though, this is only one of a few plans they were contemplating. Oliver picked this one on his own when the green party sent him information on their plans for cancelling student debt. Some of you are getting a little rididculous. We can really do whatever we want, we make the rules. We could even just print the money and buy the debts and then throw them in the trash if we wanted. Would be inflationary, but the job gets done. We could buy them with the half of the military budget that needs cut one time and be done with it. Nothing will help the economy without proper redistribution policy in place though. The ubi portion of their platform, and crack down on corporations and free trade, is what people should be looking at, especially if you're middle class. The demand will create more business work and jobs for you and things like uhc and the education plans will lower your overhead and give you better educated employees.
Stein/Baraka campaign debunks John Oliver’s deceptive attack on student debt bailout
http://www.jill2016.com/stein_baraka_campaign_debunks_john_oliver_s_deceptive_attack_on_student_debt_bailout
There can be no doubt that some minimum of food, shelter, and clothing, sufficient to preserve health and the capacity to work, can be assured to everybody.share
[This is] no privilege but a legitimate object of desire … [that] can be provided for all outside of and supplementary to the market system.
- FA Hayek
No it cant be done because most Americans are not in favor of it. Also do you know how fast foreign nations would sell our debt if we printed that much money and threw it in the garbage paying off student loan debt. Do you know what would happen to American purchasing power?Do you know that it actually VIOLATES the fed MANDATE. They have a mandate they would have to rewrite it. Cutting military budget in half to buy bad loans...yeah...that will help GDP. U do realize GDP is growing at about 1%...so that would mean recession. A presidential policy of "we can do whatever we want." is dumb as hell. We could rip up the constitution, we could enforce eugenics, and disbar the entire SCOTUS, but its not practical. Jill Stein is a moron we all know this. She cannot read. She literally is illiterate. It was a stupid comment; I hate John Oliver, but on this he is right.
shareI'm sure you're very proud of yourself. Here's one of the main problems in amerca, 99.9% of you think you're a chief when you're an indian, and you'll likely always be one. Most of these douchebags only talk about the short term, what's in it for you now, not what 's in it for you later if you do what's necessary now. I could go through a list of advantages and pros, but it sounds like you have your mind made up. Good luck with that.
If you care about the future youd never vote for more spending, for more monetary policy, and you would read a book and understand how agencies work.
shareI'm not voting for more spending, that would be you. I'm voting for restructured spending which will ultimately reduce overall spending and taxes in the long term. You may want to hold the elites up as the rulers of monetary policy, but we all know they'll do what we the people want them to do or they'll suffer the consequences, whether that be now or later. Jungle law doesn't read books.
The Federal Reserve Cartel: The Rothschild, Rockefeller and Morgan Familiesshare
http://humansarefree.com/2015/06/the-federal-reserve-cartel-rothschild.html