Maxine Waters exposes socialist stupidity at heart of Democratic agenda

There is no sadder story in Congress than Maxine Waters, the octogenarian who never learned this obvious truth:

“It’s better to keep your mouth shut and appear stupid than open it and remove all doubt.”

The latest occasion of Waters opening her mouth and revealing a deep void in close proximity to her brain was at this morning’s hearing by the House Financial Services Committee.

Waters had six of the top bankers in the United States testifying before her committee and was attempting to shame them for their support of capitalism when she accidentally let the cat out of the bag and revealed once again that it is socialism that is the enemy of the people.

After harassing the bankers about doing business with Russians (?!?) and some other matters that only made sense to her, she got on to the important topic of student debt. (At about the 4 minute mark of this video.)

“Today there are more than 44 million Americans that owe … $1.56 trillion in student debt. Last month this committee received testimony that last year 1 million student loan borrowers defaulted, which is on top of the 1 million borrowers who defaulted the year before.”

After laying out the problem, she turned to her banker “friends” and asked, “What are you guys doing to help us with the student loan debt?”

What followed was a textbook example of why lawyers are taught never to ask a question you don’t know the answer to.

The first response came from a banker who said, “We stopped making student loans in 2007 or do.”

Waters: “Oh so you don’t do it anymore.”

Next? “We exited student lending in 2009.”

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Next? Jamie Dimon from JP Morgan Chase: “When the government took over student lending in 2010 or so, we stopped doing all student lending.”

“Uh thank you.” Pivot. “What about small business?”

Wait one darn minute. Hold your horses, congresswoman! OK, I get it. You run the Financial Services Committee and you had no idea how the student loan program works! Yes, that’s scary. But even more important is the underlying issue that you uncovered. You got us here, so let’s just think about where we are.

  • Government takeover of student loans? Check.
  • Student loan debt crisis? Check.
  • Government blames private banks. Check.
  • Government takeover of health insurance? Check.
  • Health insurance premium crisis? Check.
  • Government blames private insurers. Check.
  • Rinse and repeat.
  • As soon as the nanny state took over the student loan business it was predictable that the student loan business would fail, just as it was predictable that health services would decline and costs increase when the government took over health care.
  • Whether liberals like it or not, government has no business doing business. The more of our economy we turn over to the government as per the Green New Deal, the more we are going to damage not just our private industries but the quality of life for all of us.

  • hosts the commentary of Frank Miele, former editor of the Daily Inter Lake in Kalispell, Montana. Your support for this blog is appreciated. Please consider purchasing one of my books at Amazon. My new book is “The Media Matrix: What If Everything You Know Is Fake?” — a look at Fake News from the perspective of a small-town newspaper editor. In addition, my “Why We Needed Trump” trilogy documents the downward spiral of the USA that made Trump’s presidency so important. The books are available at Amazon in paperback or Kindle editions. Go here for a free sample of “The Media Matrix”:

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    6 Replies to “Maxine Waters exposes socialist stupidity at heart of Democratic agenda”

    1. A question came up this morning; What is Subliminal Advertising and are Democrat leaders doing it to fool the Democrat Mainstream into making some absurd choices?

      Subliminal Advertising was once explored in TV and Wikipedia claims that it never worked. I found three Internet sources that are doing exactly that., and All are all extremely professional in their approaches (though profoundly dishonest).

      In your case (above) you are correct in all particulars. Unfortunately, none of us focus on the causes behind the absurd claims of boss Democrats in misinforming mainstream Democrats.

      Care to take a swing at it?

    2. “ATTN….. ” Mad Max”………..John Wayne said ” Life is tough.”.Even tougher if your stupid”

      Have someone read this to you ..

    3. Re: sources of subliminal advertising.. In 1957 at 17yrs, I read ‘The Hidden Persuaders”
      by Vance Packard….One of the few books/writers whose name I recall till even now ……….I believe he was reporting at the start ??

      1. Yes Benj. That was certainly an important book about manipulation of people through mass media.

      2. He must have been.

        We explored subliminal advertising for TV in Radio-TV classes at the University of Montana. We were not advised that the concept had been debunked. I became a radio broadcaster and noted that people changed their minds because of subtle twists of words. It was tough to keep listeners straight.

        The theory of subliminal advertising was posed for television, not radio. The original idea was that two-frames of B & W TV were all you could effectively use. We were told that it worked only on TV. We tried it in class on a closed-circuit system but results were not clear.

        It is interesting to examine video with your DVD player at home where you can step though any program one frame at a time by pressing the stop button. You will often find things that you really had not seen in a regular-speed pass but somehow recall. That would be considered subliminal.

        The subtle language of Democrat text today is an entirely other thing. I hope you will examine the links above.

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