Download | Play 
Download | Play (h/t Heather)
On Tuesday’s Countdown, Keith looks at the market meltdown and how the failed policies of President Bush and the Republicans made it possible by deregulating the institutions that led us to where the economy is today, and by borrowing money from other countries to pay for massive tax cuts here at home.
Rachel Maddow joined Keith and talked about John Edwards, who was the first presidential candidate who talked about the impending crisis and suggested an economic stimulus package to head it off — and as long as the topic is the economy, he has the upper hand.
Maddow:”…Not only was he the first on talking about the stimulus package, as you mentioned, but he’s also been the populist guy on economics. He’s the guy whose been most willing from the very beginning to actually identify bad guys in the economy. To say, let’s be patriotic about something other than war, let’s be moralistic about something other than sex, let’s talk about corporate irresponsibility and corporations that don’t serve the people who work for them, or the consumers. Let’s actually identify un-American bad behavior in the economy and that kind of, I think, real forceful approach to the issue, is going to place him in good stead right now.”
Filed Under: Air America, Countdown/Keith Olbermann, MSNBC, Rachel Maddow
No Trackbacks To “Countdown: John Edwards Was Right On The Economy“
Reason #1 why the corporatistas act as if Edwards is not even in the race!
Damn straight.
EDWARDS!!!
*
Well, it would put him in good stead, if anyone in the Mainstream media was covering him. Sadly, he is relegated to the inside pages of the newspapers ( with Iraq) and not even mentioned on the teevee.
2 person race my @#$%%^.
super tuesday: “Edwards comes out of nowhere with a sweep!”
Thank god they decided to talk about this BEFORE super Tuesday.
Yes, but it apparently doesn’t matter what John Edwards said because media are ignoring him in favor of the oh-so-much-more important Hillary/Obama pissing contest.
Bush and Cheney are TRYING to SET the Democrats hearings agenda.
The timing of everything that is happening, every crisis — is NO coincidence.
They have a year left…. and we WILL expose all the crimes.
ATTN DC Bloggers/Media:
–> Marc Grossman to Testify in House on Wednesday
That Marc Grossman, who has been named in the Sibel Edmonds case
http://www.bradblog.com/?p=5594
Reich-wingers are gearing up to blame Democrats for the problems with the economy.
Didn’t he vote for the much-maligned Bankruptcy Bill that is viewed as pro-industry and anti-consumer? Can someone explain the disconnect?
um, yeah, edwards–although NOT my first choice–would be a much better candidate than either obama or billary.
i am beyond sick of the MSM-manufactured race btwn obama and clinton. especially when it is edwards that, head to head, beats all the GOP neofascists.
and i am even more sick of bill friggin clinton. bill, i quit you. you wore out your welcome a loooooong time ago. now, please, g’way.
edwards has the corporatocracy in a huff. for me, that is a good sign.
Another win for the “Grown-up Wing”.
Go, Johnny Go!!!
But the preznit said this is an “ownership society”. He didn’t say that his job ain’t done until every one of is pwned by corporatists.
Dr. Matt @ 8:
well, that just shot my blood pressure up to dangerous levels.
and, of course, the msm will just repeat the reichwing lies without clarification or refutation.
they will not mention that since the 1980s our econ policy, from reagan to bush to clinton to bush, has been a reichwing econ policy. no, none of this will be mentioned.
However, even though most people thought Edwards won the last debate, many were going to vote for Obama anyway. What principle is keeping the dems from nominating the most likely to be elected in the general?
gene214 @ 6:
All together now: Fuck the corporate media.
We are the media. Olbermann is the media.
Reports of Edwards being finished are greatly exaggerated. Like I said yesterday, I hope the lawyers in the USA keep pumping funds into his campaign. It’s about his message.
If the Democrats were smart, they would realize that they are inheriting a no-win economy, for which they’re going to be blamed. Edwards is the only President who could convincingly point to the corporate military-industrial complex and say, “THAT is your enemy which caused this.”
And the people would look back, and believe him.
No such scenario can exist with Hillary and Obama, bought and paid for by corporate interests.
What is it with us that we vote against our own interests?
Edwards has articulated the most progressive policies..he is the most pro-minority, the most pro-feminist, pro-poor, pro-middle class, pro-labor, pro-people!
but instead anti everything except herself Hillary leads …
and she will lose to McCain and so will Obama who is more progressive than Hillary but too concilatory
No stimulus package would fix this solvency problem, we need to attack the root of the problem, and Ron Paul has been right on these issues for 30 years. Edwards barely understands how to tie his own shoes, let alone how to “fix” this massive economic crises, the likes of which we haven’t seen since the 1930’s.
AP - 5 minutes ago
NEW YORK - Wall Street plunged yet again Wednesday, sending the Dow Jones industrials down as much as 323 points.
Actually it was Ron Paul who warned about this economic crash and reason behind it a while ago.
http://www.youtube.com/watch?v=w_Qt8EyydcE
It’s a shame that he’s not going to get the nomination. He’d rock.
I’d say Edwards has no chance of being in a Hillary or Obama cabinet.
Can’t be biting the hand that feeds you.
American Consumers have run into a brick wall going 80 MPH over the speed limit.
Please Democrats wake up!
I really think that Edwards has the ability to bring this country together for all the right reasons. Not by playing to the middle but by tapping into our best instincts - about wanting to live in a society that gives a fair shake to everyone.
And my brother, the life-long, ditto-head Republican actually likes the guy and said he would vote for him over Huckabee or Romney.
Please people - don’t blow this.
Josh @ 19:
Uh, *I* warned about this economic crash years ago.
That doesn’t make me presidential material.
Lets see what stocks to buy.
Good Times or Bad times American will,
Drink Brew
Smoke
Gamble
Obama bothers me. He’s my age exactly and should understand the dynamics of progressives more than he seems to. He has “misspoken” or been “misinterpreted” too many times. What is is Obama really saying when he speaks. I can’t figure it out.
bill clinton is why the press missed this. you know who to blame.
biglib @ 17:
it is funny that you mention ron paul, the great depression and “fix” in the same post…
it seems to me that ron paul, had he been prez at that time, would have made things worse. and, instead of “hoovervilles”, there would be “paulvilles”
and it would be the same today, ron paul, in his libertarian quest would empower the already powerful.
ron paul is the last person to look to to solve our problems today.
pufferfish @ 23:
Wake up to what? Massive social spending (exascerbating the problems we have), ridiculous economic “stimulus” packages that do nothing to solve any financial crisis, have i got that right?
YOU NEED TO WAKE UP my friend, and take a long hard look at how we’ve gotten to where we are, and quit just scratching the surface. Eventually you’ll come to the realization that there are really only about 5 people in the halls of the Congress that give a flying shit about you or me and that the rest of these bafoons whether Democrat or Republican are the same wolves in sheeps clothing and have no problems screwing you and your family to the wall with the rest of their rich buddies.
Lollimom @ 24:
Except there is proof of RP warning about this.
He has been proved correct on many issues thus far. The economy, the war, inflation, the dollar sinking, the NAU…….
But, you are right, having an economic scholar in the white house is not very historic or ‘Presidential’. We need another slimy lawyer like edwards to run the country.
I believe - sincerely - that they all should listen to me.
I have posted my take on what is wrong at http://www.foxnews-follies.com
I am certain that most of you, except trolls, will agree.
Josh @ 30:
PaulBot alert. Warning! Warning!
Edwards has a PhD. in pandering. you have thousands of corporations in this country that give people jobs, goods and service but Americans want to blame them. A stimulus package is only going to help in the short run. We should cut the capital gains tax or the corporation tax so there can be reinvestment which will bring on new jobs, that will help the economy!
Its not for the benevolence of the butcher the baker or the brewer you have your meals!!!!!
Utterly amazing how gullible you guys are….
Ya’ll better start putting a plan together. Because as the nation’s stock and bond markets continues to crash, confidence continues to erode, credit shrivels up, consumption continues to shrink, and inflation continues to skyrocket.
Not good at all.
chris @ 33:
Please direct me to any indications that Hillary and Obama are going to do anything more for the working classes. Also, please point out which companies are just giving away jobs willy nilly.
Sister says
Isn’t John Edwards worth 54 million dollars?
Is he trying to free the poor or help the middle class?
Children,
Rich, good-looking, rich, southern, Christian male is getting ready to do Moses!
who’s Zooming who? Aretha Franklin
Edwards 08
Best for middle class, economy, environment, beats ALL GOP candidates (we can not afford to lose supreme court or another 4 years of Reaganomics/Bushonomics/Corporatism plummeting our economy into a neverending abyss)…
Presidential Forum on Climate Change - All candidates from all parties invited (Edwards, Clinton & Kucinich were the only ones that gave a crap enough to show up - including Richardson)
http://gristmill.grist.org/sto...../16949/082
Edwards Campaign (Carbon neutral since March 07)
http://gristmill.grist.org/sto.....164646/292
Its the Green Economy Stupid…
http://www.grist.org/news/2008/01/21/index.html
They must be kidding, at least the admit they don’t understand economics, but they obviously miss CSPAN. Someone has been right for decades, check some recent clips, then check out decades of testimony, speeches, and HR’s submitted at his Congressional page.
February 2007
http://video.google.com/videop.....;plindex=6
November 2007
http://video.google.com/videop.....;plindex=0
Samson- @ 28:
This country is lost, and you’re to blame. We’ll get along just fine with “stimulus” packages and much more federal spending. Nothing to see here folks.
No no, eliminating income taxes, reducing federal government and its spending and borrowing to its constitutional size, and putting us back on the path to having a sound currency without the massive economic “cycles” we currently have is crazy talk.
By the way, your take on the depression, yeah, FDR saved us (yeah sure he did), i get it…talk to someone who might not read because i’m not buying any of the bullshit you’re selling.
Lollimom @ 32:
Idiot sheep bot alert! Idiot sheep bot alert! WARNING WARNING!!
You’re a danger to our republic.
chris @ 33:
Utterly amazing how absurd your post is. The capital gains tax has already been cut. The corporate tax rate might officially be 35%, but do you honestly think that is what they pay?
chris @ 33:
you and your neoliberal, ignorant, policy formulations are what got us into the trouble we are in now.
we have bent over backwards for corporations. and they ship jobs overseas. as a whole we are making less today than we did in the decades past, yet the corporations are becoming phenom wealthy. corporations write favorable legislation for themselves, they ARE our government, and you want to further their power.
you go on and continue to be an ignorant sheep, but if you peddle your inaccuracies around here expect to be shot down.
Good thing Edwards is running so other politicians can rip off his good ideas. He really is the most charitable and community-spirited candidate.
Travis @ 35:
I never said they were, its not there job. Corporations don’t “give” away jobs, they grow and create them, if we stop taxing them to death that is…
Edwards is the only one to turn this country around. Hillary is hoping for the Mexicans in Florida to vote for her. The sad part is, they will.
The Bush “rescue package” by the way contains increased incentives for business and industry, under the U.S. jobs export program, to