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Gotta Love BILL MAHER

In Communication, Griot, Networking, News, Politics, Self Improvement, Technology, TV Shows on June 19, 2012 at 10:30 am

Gotta Love BILL MAHER

Ep. 252 June 15th, 2012

Last Friday’s episode was… quite informative, though no more insightful or invigorating than usual. BILL MAHER is quite the host personality and natural comedian. I so enjoyed yesterdays show that I’m going to do a little transcribing today to share it the contents of the show with those of you that missed it. HBO’s REAL TIME with Bill Maher is a continuation of ABC’s POLITICALLY INCORRECT and rightfully so. That Bill is a hoot. Let’s get to the shows contents:

The show started out with a “throw back momnent” with Kevin Costner:

KEVIN: We keep focusing on a crisis, but we don’t want to look back and our leadership has successfully let us down because of their desire to be elected to a second term… Just be content that history will judge you after 4-years. Maybe we don’t need an 8-year president. Maybe we want somebody that swings at the fence for us.
__________________________

Friday nights guest panel included Joseph Stiglitz, Alan Thicke, Karen Finney, David Frum, and Kristen Soltis. First up, Dr. Stiglitz::

BILL: I must first start with a confession, I’ve been reading you for years so that when I went to cocktail parties, I could fake my way through a discussion of economics. The other day I read that you said, “Everybody’s worried [in this economy] about what’s going to happen to Europe.” In reference to Spain, and you said, “The Spanish Banks are being bailed out by the Spanish Government and the Spanish Government is being bailed out by the banks is ‘boo boo economics’.” That’s great conversation for a cocktail party. But what do I say after that?

Dr. S: How long is it?

BILL: Just a couple of minutes before I run away to get another drink.

Dr. S: No, I meant, “How long is the Spanish economy going to last”?

BILL: Well how long is it going to last?

Dr. S: A few months ago they poured in about a trillion dollars into the ECB [European Central Banks] banking system to bail out the government – and that lasted a couple of months. This time Europe poured in 125 billion dollars and it lasted, (maybe) a couple of days. So the likely hood of it working out is not good.

BILL: But how does that affect us? I mean, this really plays into Mitt Romney’s hands. Doesn’t it?

Dr. S: I don’t know if it plays into Mitt Romney’s hand, but what it will mean is that the economy will be weaker. But it does have another side to it. One of the reasons that we’re going to be affected is, that we haven’t fixed our banking system. Remember we had the crisis in 2008?

BILL: I do remember. I lost all of my money. I had it in Lehman Brothers.

Dr. S: Remember they said they were going to fix it [banking system] and they had this bill called: DODD FRANK?

BILL: Yes.

DR. S: Well they didn’t fix it. One of the things they were supposed to fix is the lack of transparency. But we don’t really know the extent to which our banks are interlaced with European banks.

BILL: We don’t really know?

Dr. S: We don’t know.

BILL: You don’t know?

Dr. S: I don’t know.

BILL: Then I don’t know. I’m the guy who gets my cues from you. Now, you have won a Nobel Prize, I have not, but I am a student of THE THREE STOOGES. Every Three Stooges Episode, (well not “every” episode) but they always do an episode (and also by the way there was Abbott & Costello and the Barrio Boys) where these comedy teams go to a rich persons mansion and they purposely put down vermin, (rats, mice, roaches) and then they come back the next day as exterminators to fix the problem. You see my point?

Dr. S: Yes.

BILL: You do? I’m just saying ‘This is how the Republicans seem to run for president. I mean, they cause the problem, then they come back the next day as the exterminator. I read this week that Americans lost 40% of their wealth from 1990-Present. But most of it happen after 2007 because of policies of the previous 10 years when Bush was in office.

Dr. S: That’s right and in fact, one of the underlying problems was that inequality was growing. And because those at the top spend less than those in the bottom. When you move money from the bottom to the top the inequality gets weaker. The Feds decided to address this problem by creating a bubble.

BILL: Wasn’t that Alan Greenspan?

Dr. S: Yes. Alan Greenspan and it was supported by his successor. And as they created the bubble, people did spend more. Average savings rate in the United States went down to zero. And that’s not sustainable. And one of the lessons we always teach in economics is “that which is not sustainable won’t be sustained”.

BILL: I’m going to remember that for the next cocktail party. That’s a good one. Sir I read this week that the cost of tickets at Disney Land has gone up to $87 dollars. It used to be $12 dollars in 1982. Now if they were keeping up with inflation it would only gone up to $28 dollars. But it went up to $87 which means a family of five would have to pay…

Dr. S: A lot.

BILL: A lot. As in too much. I mean not that I even want to go to Disney Land but it should be $28 dollars and somehow it got to $87 dollars. It seems to me that says a lot about where the money has gone and whose enjoying this country and why so many people should be pissed off.

Dr. S: That’s right. But what makes me even more concerned is what’s happening to student loans. You know one of the things that came out in the fed report early this week was that Americans have learned [a little bit] about the lessons of credit cards. They’ve figured out [they understood]that all of the banks engaged in abusive credit card practices. But as credit card debt has gone down student load debt has gone up. And what’s so invidious about this is that tuition’s going up very rapidly in 3 years for public state university – it has gone up 15% across the country, but in California and a couple of other states it’s gone up by more than 40%. Understandable given that the states are constrained, they’re cutting back – no help from Washington. And while income’s are going down [wealth is going down] and tuition is going up, students know that if they don’t get an education their life prospects are dim, not good. But if they forgo accepting the gap in education they’re going to be saddled with this for the rest of their lives. Even in bankruptcy they cannot discharge that debt.

BILL: But I must say, it’s not all the fault of the people that’s giving the education or stopping the money going there I read recently in 2009 [the last year they had statistics for this], there were only 39,000 students that graduated with a STEM degree [Science, Technology, Engineering, Math], and they had 2.5 time more students graduating with a degree in Visual and Performing Arts.

Dr. S: This is Los Angeles, so that’s pretty good isn’t it?

BILL: Yeah but Los Angeles isn’t America and when Obama says “We should fix the bridges.” I agree we should fix the bridges – with people who have degrees in Visual and Performing Arts? I think they’re are people around who know how to fix the f@*#ing bridges. [Close] I wish we had more time Doc. Thank you for coming on the show.
_______________________________________________________________________________

After transcribing this piece – that seemed to go on and on,
I realized transcribing more than this & the piece would be too long.

So If you’re interested in reading the rest of the show
Click HERE and technology will take you to and fro.

Happy Tuesday,
I’m Qui
Pt. 2 [Meet Friday nights panel and the “Hologram Barack Obama” – played by Reggie Brown]

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