Tonight on Real Time with Bill Maher, economist Stephen Moore was on with Maxine Waters and some douche (read ‘unknown’) comedian named Dana Gould. I could not BELIEVE that Waters was going to be on, considering the recent revelations of the dem’s failure to alarm the rest of the country about the failures of Fannie & Freddie. It was not going to be asked by Maher, but lead a conservative to water and he will surely gulp. That’s where Stephen Moore came in.
Here’s the transcript of this video segment.
Maher: When John McCain was at the Saddleback Ranch, I mean Church…I always call it a ranch; and he was asked a question, they both were, by Rick Warren, you know, “what do you do about evil?” and he said DEFEAT IT!
Moore: That’s a good answer!
Maher: Right. But it might take him two terms. And Obama said…he had a very different answer. He said “Be humble about it.” Because he was trying to say, you know, ‘evil, it’s not something you can really defeat because there’s no devils out there.’ Sorry.
Maher: The devil is within us, you know. And when I see what went on on Wall Street the last eight years, that’s evil to me. That’s the evil within us.
Maher: You don’t see that?
Moore: I do!
Maher: What about…I mean, don’t you think they need regulation? People say ‘well, they don’t need regulation because, you know what, it was just because they got greedy!’ Of course, they went to work on Wall Street! Who goes to work on Wall Street except greedy bastards?
Moore: Is there something wrong with wanting to make money?
Maher: No, but you have to regulate it! That’s where the problem is; that there was no regulation.
Moore: Well, let’s talk about regulation. One of the insti…the biggest institutions that’s failed this year was Fannie Mae and Freddie Mac. This is an institution that your friends, the democrats… in fact you, Congresswoman, did not want to regulate…
Waters: …I believed…I believed…
Moore: …you said it wasn’t broke, you said it wasn’t broke, you said it wasn’t broke five years ago at a Congressional hearing, and you took $15,000 of campaign contributions from Fannie and Freddie.
Waters: …no I didn’t.
Moore: Yeah, you did, it’s in the Senate (inaudible)
Waters: No it’s not.
Moore: You took money from the PAC.
Waters: Wait just a minute, just a minute…
Moore: … and so did Barney Frank, and so did Chris Dodd.
Waters: That is a lie and I challenge you.
Waters: …to find $15,000 that I took from Fannie PAC…
Moore: Okay, allright, I will…
Maher: And also, wait a second…Fannie Mae and Freddie Mac are private.
Moore: That’s the problem, they’re not! They had private profits but they were socialized institutions, so you had the worst of both worlds.
Maher: What are we doing now? You see, we didn’t have regulations…
Waters: We own Fannie and Freddie now, and we will continue with the mission. It was not that the mission was bad; the fact of the matter is they started to buy up these bad mortgages…
Moore: …the sub-prime mortgages
Waters: …just like all of their competitors did.
Maher: Look, I mean, they didn’t want regu….
Moore: You said they didn’t need to be regulated.
Gould: See, this is a terrible thing to say, ‘it’s the Democrats fault.’ For one thing, you forgot…
Moore: … I said Republicans did it, too.
Gould: Oh, thank you very much. I’m sorry.
Moore: They all took money from Fannie Mae and Freddie Mac.
Waters: I voted for regulation for Fannie and Freddie
Waters: I voted for the regulation that was championed by Barney Frank. We…we put together…
Moore: You said it wasn’t broke so it doesn’t need to be fixed.
Wow…. does anybody remember this? Maxine apparently doesn’t know the difference between broke and not broke.
You can watch the LiveLeak video above, or download the .wmv file for your own use here.