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Great moments in representative democracy.

Take it away, Maxine.

By: Moe Lane (Diary)  |  February 26th, 2010 at 09:21 PM  | 

RESIZE: AAA

You know it’s bad when somebody from CBS voluntarily uses the title “Is Maxine Waters Really As Dumb As She Seems?“:


Watch CBS News Videos Online

…even Hot Air was more sedate in its title*.  For those who are wondering, while grilling Fed Reserve Chair Ben Bernanke Rep. Waters confused the discount rate with the fed funds rate.  And if you didn’t know what that means, either – well, Fox Business took the time to explain it:

The discount rate is what the central bank charges banks to borrow from the Fed at the “discount window.” The fed funds rate is what banks charge each other for overnight loans.

The former is apparently sufficiently small that the bank being charged it would find that passing the cost along is more hassle than it would be to just eat it.  Or so I’m gathering: I’m an expert on snark, not monetary policy.  That’s why I’m a blogger, and not a member of the House Financial Services Committee.

Unlike Maxine Waters.

Moe Lane

PS: Cook PVI of D+31.  A pity.

*But the really good article was over at Fox Business, which really went off on the topic.

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  • SteveLA

    Yes, all true, Maxine is an idiot. What’s worse for folks in LA, within the Democratic machine in a large part of LA country, Maxine is major juice and the one of the major players,along with another fool named Ridley-Thomas.

    Fortune for me, I moved out of her district about 8 years ago. You want to talk about not being represented in Congress?

  • Leon H. Wolf

    Maxine Waters is my favorite MoC.

  • antisocial

    This and the recent RP babble are prime reasons why Congress MUST NEVER be allowed to shape/dictate monetary policy.

    Frightening ignorance.

  • antisocial

    ..

  • http://briansimpson.wordpress.com Brian Simpson
  • http://charlemagne-the-hammer.blogspot.com/ DerKrieger

    And the poster child for why the government is incapable of managing health care much less anything else.

  • pragmatic

    Waters has stiff competition from Sheila Jackson Lee. You remember, she’s the one who wanted to know if the Mars Pathfinder could take a picture of the flag planted by Neil Armstrong. By the way, is the House Ethics Committee investigating Waters for her dealings with OneUnited bank? She needs to be shown the door right after Charlie Rangel.

  • Doc Holliday

    sure she is supposed to be knowledgeable, but we can’t expect that. I think she asked a question many regular folk have. This does not rise to the level of her idea to nationalize oil companies.

    Bernanke should have explained what the result of this rise would be and why it was done.

  • aesthete

    First Ron Paul (who actually managed to beat out Waters’ brainfart), and now this. And these are the people Ron Paul wants to “Audit the Fed”?!

  • Tbone

    Her real hair fell out because there was nothing for the roots to cling to.

  • WarEagle01
  • jonreagan

    I’ve always thought of it as a thee-way tie, between Maxine Waters, Marcy Kaptur, and Elijah Cummings. But this performance is unsurpassed, in showing someone who is unaware, uninformed, unintelligent, unable to grasp basic economics, and just all around mentally deficient.The voters in her district are getting the representation they deserve.

  • Richard Mullins

    Today was the last day of early voting and the Democrats here in Harris county voted as much as the Republicans did. One of the reasons was that strong primary challenge of her. Someone is going to run for the Grasping hand district that the 18th Congressional district of Texas is. BTW, SJL’s base voter has gone away in the last couple of years. I very happy that I have effective representation in Congress.

  • Richard Mullins

    there no getting effective representation in Congress either. Same with those people that have Dennis Kucinuch as there congressman as well. The nuts are not something that we want.

  • 29Victor

    it went pretty much the same as this.

  • 29Victor

    at least that’s what I heard.

  • Beasley Beesmeal
  • http://thesandsinstitute.org Vassar Bushmills

    …another famous Maxine-ism
    Cheers

  • throwback59

    Jackson Lee and the Mars comment. I guess I’m being politically incorrect by thinking all these stupid congresswomen look and sound alike.

  • RedBeard

    Stupidity is not a crime, nor is it anything over which she has control. She simply has to deal with the condition on a daily basis.

    The ones who should be ashamed are the voters who keep returning Stupid Maxine to Congress. Those folks have much to answer for. No excuses. They should know better.

  • Scope

    But, don’t forget the glasses. They look like the old time coke bottles held by tire rims.

  • mbecker908
  • The_Gadfly

    for as dumb as she seems to be, the reality is worse. I believe that in all of history, no one has ever seemed to be as dumb as she is.

  • izoneguy

    Rob Bogoyevitch….

    I think they must also pass the ACORN back and forth that they share that passes for a brain.

  • RedBeard

    Perhaps Maxine “The Brain” Waters is serving a voter base so deeply invested in the culture of entitlements that they are willing to return the dope to Congress term after term in simple expectation that she will continue to vote for giving away “free” stuff. In that case, the word for the voters isn’t stupid, but perhaps conniving.

  • archer52

    Sorry couldn’t resist. But it seems to me she is seriously worried about the impact of interest rates on domestic prostitutes. Now, I’m not sure it’s a good idea to call someone’s wife or living in girlfriend a “House ho” but that what she seems to be saying. It is nice she is worried how the discount rate would impact fees on the other end. Nothing worse than coming home and finding out your “house ho” had to raise the rates on you because of the Federal government.

    Glad she’s on the case.

  • lockedandloaded

    I thought Richard Pryor had died!