Today on her radio show, Laura Ingraham mocked those who were “panicking” about Wall Street’s collapse and insisted that “the best thing we could do today” would be to invest in the stock market. She also ridiculed lawmakers, like Sen. Harry Reid (D-NV), who are worried about the crisis, calling them “girly”:
We need to send signals of confidence and long-term belief in our financial markets. We need to send that signal to the rest of the world. And for Harry Reid — and to any of these other congressmen and senators up there, in both parties, who feel like the best that they can do is wave their arms in this girly fashion of fear — come on, step up to the plate.
Listen here:
Though economic experts have called the current situation “the worst financial crisis since the Great Depression,” Ingraham apparently agrees with the White House’s characterization of it as a simple “market correction.”
Transcript:
INGRAHAM: We need congressmen, senators, everyone who can get in front of a microphone to say, Buy American stocks. Buy into the stock market. I’m telling you, the best thing we could do today, all of us, is buy– whatever you can, if you have $100 lying around, if you have $100 extra dollars, put it in an index fund today. Imagine if we had an all-out patriotic push to invest in our stock market today. Imagine if we did that. We did that because we believe in our country. People say, Oh it’s risky. Well getting in your car is risky too. You could be hit by somebody text-messaging and lose your life. But this could be a patriotic push to invest in America and to say to the world, We believe in our country. You should believe in our country because we do. [...]
We need to send signals of confidence and long-term belief in our financial markets. We need to send that signal to the rest of the world. And for Harry Reid — and to any of these other congressmen and senators up there, in both parties, who feel like the best that they can do is wave their arms in this girly fashion of fear — come on, step up to the plate.
I marvelled last week that this person is still on the radio. Years ago I closed my 401k because it lost 30% of it’s value in about 6 months. Do I wish I had it, sure, but if I had left it open I would have ended up with nothing.
September 18th, 2008 at 7:41 pmI live in CA and my house value has dropped almost 50% so when I have an extra $100 laying around it goes in the gas tank or to groceries.
The only way these blowhards stay solvent is because the government keeps bailing them out.
And if the White House really thinks that this is a simple “Market Correction” then I have a Bridge in alaska I’d to sell them.
September 18th, 2008 at 7:42 pmYeah, sheesh, you know, like the signals that young George sent out about the economy back in December 2000 in a December 18, 2000 interview with Newsweek.
September 18th, 2008 at 7:47 pmWhoever this Laura person is (I never heard her and don’t plan to) …why is she allowed on public airwaves and what is her area of expertise that she thinks she knows more about the economy than Greenspan?
September 18th, 2008 at 7:55 pmImagine if we had an all-out patriotic push to invest in our stock market today.
Sure. It’s what she’s doing. She’s just been sitting back, and waiting for Bush’s presidency to crater and the stock market to plunge, so she can snap up all the juicy bargains.
Just like the other “conservatives” who didn’t really believe the party line, and supported every unconservative project and policy goal that came down the pike. Their ideology may be a fire sale, but they can still do what conservatives do best, and look after their own personal comfort.
Condor Conservatives, I call’em.
September 18th, 2008 at 7:57 pmShe’s a dolt.
September 18th, 2008 at 7:59 pmuneducated girly rednecks
September 18th, 2008 at 8:17 pmIf Laura, Palin, Daryll and Dumbya are all praying to the same God, he’s not liking them very much right now.
September 18th, 2008 at 8:25 pmIn other Spanish-American news today, Remember the Maine.
September 18th, 2008 at 8:37 pmI’s easy for multi-millionaires like Ingraham to call others “girly” while reality crashes around them affecting average Americans.
September 18th, 2008 at 8:41 pmWho listens to this Biotch?
September 18th, 2008 at 8:42 pmPatriotic Push?!! Ingrams a couple of cards short of a full deck.
September 18th, 2008 at 8:43 pmWhat a MORON!!!!
I wonder of the seniors living on fixed incomes feel the same way? And who else would listen to this idiot?
September 18th, 2008 at 8:44 pmIt’s George Carlin-esque, really, this cant that passes for economics discourse. We’ve gone from Panics to Depressions to Recessions to Slowdowns to “Corrections.” Next thing you know we’ll be told Teh Market is just having a “moment.”
September 18th, 2008 at 8:46 pmI’ll participate in the Patriotic Push when the 1) Corporations have a Patriotic Push and pay their taxes, 2) I have 100 spare dollars to invest 3) when people (Republicans) stop worshipping the “market” as if it is some divinely installed perfect mechanism. Sorry, but the market is as perfect and worthy of worship as people are. So, I will have “faith” in the markets as soon as it is clear they are operated by an omnipotent god. Until then, I will continue to treat the market as the eminently flawed human endeavor it is (like all other human endeavors).
September 18th, 2008 at 8:52 pmI thought neocons were against sexist language?
September 18th, 2008 at 9:06 pmPatriotic Push stocks = corporate reach-around…
Reward incompetence, the republican mantra.
September 18th, 2008 at 9:10 pmSexist b!tch.
September 18th, 2008 at 9:10 pmIngraham needs to read about what happened on October 27, 1929 when stock market meltdown lead to the start Great of Depression that lead later to American banking system collapse.
September 18th, 2008 at 9:12 pmWorrying about another depression does not make one a ‘girly’.
Investors never think of sending any signal when they invest.
She seems to know nothing about investing in the stock market.
Investors are the least concerned about making any signals when they invest..
They care about a healthy politcial cilmate…but they are there to make a dollar in this market and nothing else.
Stock Market is not the place to make signals of confidence , political and patriotic ones.
The economy is in shambles and more than 600,000 jobs lost this year, yet the president still hasn’t attempted to provide any sense of leadership or offer reassurance to calm the fears of the public. When is the president going to step up to the plate? Bush is having another Katrina moment and Cheney can’t be found.
September 18th, 2008 at 9:13 pmWhere was this crass leg humper when the markets opened after 9/11? We thought it couldn’t get any worse than that…we were wrong.
If Laura Ingraham wants to stick her vast riches in the stock market tomorrow, I’m not one to stop her. I think being homeless would possibly humble her. Then again….
September 18th, 2008 at 9:20 pmgirly rednecks
September 18th, 2008 at 9:24 pmAfter the government’s bailout of AIG, and both Morgan Stanley and Washington Mutual desperately looking for buyers, this moron’s comments on the economy go to show she has no clue what she is talking about.
I wonder if she is really following her own idiotic advice and buying stock, or she is simply babbling away, peddling dreams to the 23%ers who need to be told what to believe.
What a stupid woman, and what a stupid advice.
September 18th, 2008 at 9:26 pmtest
September 18th, 2008 at 9:26 pmWhat does SHE know about being “Girly.”
September 18th, 2008 at 9:41 pmIngraham shouldn’t be so tough on Phil Gramm and Bill O’Reilly.
September 18th, 2008 at 9:41 pmRich H Says:
I marvelled last week that this person is still on the radio. Years ago I closed my 401k because it lost 30% of it’s value in about 6 months. Do I wish I had it, sure, but if I had left it open I would have ended up with nothing.
I live in CA and my house value has dropped almost 50% so when I have an extra $100 laying around it goes in the gas tank or to groceries.
The only way these blowhards stay solvent is because the government keeps bailing them out.
I wonder if we can borrow the economic professors we sent to Iraq?
September 18th, 2008 at 9:43 pmSadly Laura Ingraham is more of a man than most of us will ever be.
-AF
September 18th, 2008 at 9:46 pmAndrew Sullivan Is A Fraud
It’s a shame God doesn’t adjust the numbers, because football bettors can tell you he doesn’t answer the prayer hotline on the weekends…or mostly at any point.
Then again, Vegas is looking like a much safer place than Wall Street.
September 18th, 2008 at 9:49 pmDoes anyone have an opinion if I should take the equity out of my life insurance? Really, I’m thinking of doing it tomorrow.
September 18th, 2008 at 9:50 pmI just love this economic machismo and social darwinism that the conservatives throw around.
“If only we go to a free market, the markets would react to things like this. Sure people might lose their homes, go broke, and several hundred or thousands could even die but hey once the market has experienced this kind of disaster they never ever happen again”
Oh, I need to add delusion to that list. (snort)
September 18th, 2008 at 9:53 pmDespite the unfortunate appeal to patriotism and the idiotic machismo references, Laura is essentially correct. The only people who should be getting out of the market right now are people who rely on market earnings as a necessary immediate income source. The market will go back up. It always does. It will be stagnant for a while, but eventually it will go up.
I’m just enough of a conspiracy theorist to think that this market is being manipulated. Certainly the economy is in terrible shape. Unfortunately, in bad times like these, poor people sell at low prices and rich people are only too happy to buy from them. Then when the market returns, the poor lose out on the boom and the rich make out like the bandits (or robber barons) that they really are.
If you can make it without selling out, you will reap the rewards over time.
September 18th, 2008 at 9:54 pmThese large frat parties aren’t solvent if they owe more than they’re take in.
The only way they can get a loan is through their own back-slapping government not even their own banking institutions will touch this carnage. chimpy will wheel out the doe barrels and allow them to use the same loopy-loop holes or gobby them up in chimpy’s bushfia system.
Oversight. I think not.
September 18th, 2008 at 10:05 pmAnd the right wingnuts once again prove their hypocrocy in regards to saying things insensitive to women, ie. “sexist”!!
September 18th, 2008 at 10:13 pmSeeing the collapse of huge financial institutions combined with the insistance to invest, invest, invest – I’m wondering if my stocks are part of a ponzi scheme and they are trying to get people in it so they can bail out with profits and the newer investors bearing the loses.
September 18th, 2008 at 10:17 pmOT, but I just time traveled. I posted a few minutes ago, but apparently I had already submitted my thoughts at 8:52 in post 15. ?
September 18th, 2008 at 10:21 pmWhat ideas beyond name calling to the Repukes have ?Zero zilch, nada.How can you believe in the country that is taking away your freedoms & aGovt that lies at every turn.Laura Ingram has serious issues.
September 18th, 2008 at 10:33 pmLaura, it’s not lawmakers that are really worried—it’s ordinary Americans who cannot earn enough to live on. Call them “girly” and see what happens to you. Pretty soon, noone will be buying your ignorant books.
It’s at this point that I always like to remind people that David Brock was a good friend of hers and he said she seldom read a newspaper and did not have a single book where she lived.
September 18th, 2008 at 10:51 pmIt wouldn’t hurt this self-hating b..ch to be more “girly.”
September 18th, 2008 at 11:27 pmWill people remember this ten years from now when whoever is in office wants to deregulate the financial industry? These people act like a “free market” is synonymous with Jesus or something. This blindly stupid belief in unfettered free markets and supply side economics has got to stop. Every time it blows up in their faces they blame it on greedy individuals or some fluke occurrence in the world. The economic benefits never trickle down. They always remain at the top of the economic chain. Unfettered free markets always result in monopolies. It’s the natural evolution of the market system. Only with regulation, do competitive markets occur.
If they truly believe on free market economics, why do they turn to government to bail them out?
September 18th, 2008 at 11:42 pmI will let her bottom fish with her own money all she wants. From where I sit, I would expect the Dow to sink below 10,000 at some time between now and the end of the year. Already, the Dow is below where it was on January 20,2001. There has been a lot of bottom fishing over the last 7 1/2 years. I’m not going into that cesspool.
September 18th, 2008 at 11:59 pmLaura, mAnn, and Sarah prove my thesis that there is something seriously wrong with women with (R)after their names. They are not really women but something that was not potty trained properly or dropped on their heads at an early age. Why would they be so hateful and against their own interests?
September 19th, 2008 at 12:14 am#17 barfly:
Patriotic Push stocks = corporate reach-around…
Reward incompetence, the republican mantra.
Yeah, prop up the stocks to save the a$$es of the fat cats. That’s the ticket.
I have more on this on my blog.
Cheers,
September 19th, 2008 at 1:01 amMethinks that Ms. Ingraham just lost her shirt in the market.
September 19th, 2008 at 1:09 amUnder Bill Clinton DJIA went up 350%. Under Dubya it went up 1%. Under Clinton 22 million jobs created. Under Dubya 5 million. Under Clinton unemployment went from 7.5% to 3.9% Under Dubya, from 3.9% to 6.1%. Under Clinton we went from record deficits to record surpluses. Under Dubya we went from record surpluses to new record deficits (-$407 Billion FY ending this month). Why do people vote Republican?
September 19th, 2008 at 1:33 amhttp://en.wikipedia.org/wiki/Greater_fool_theory
September 19th, 2008 at 1:49 am> OT, but I just time traveled.
You must know J Titor, timetraveller extrardinaire…
September 19th, 2008 at 3:19 amOne fact we need to recognize is that Harry Reid is indeed ‘girly’ and the sooner we replace him the better. Hillary?
September 19th, 2008 at 7:22 amBobwurst Says:
I thought neocons were against sexist language?
September 18th, 2008 at 9:06 pm
______
Me too! I mean, they’ve been feminists for like three weeks now – what gives? Have they given up the fight already?
September 19th, 2008 at 7:44 amLaura, what a bag of gas.
September 19th, 2008 at 8:12 amMaybe McCain will hire her to help Phil Gramm remind us what a buncha whiners we are for worrying about whether we are going forward into the past.
September 19th, 2008 at 11:09 amThe conditions resemble October 1929 – unregulated greed on Wall Street and borrowing on tiny margins. The only thing saving us from another Depression is what Democrats under Roosevelt set up in the 1930s. Phil Gramm did away with some of them, which is what got the banking sector where it is today.
Obama should hang Gramm around McCain’s neck like an albatross every chance he gets.
Jebus. What an idiot.
Yeah, it’s “girly” to take steps to avert a financial catastrophe, all right, just like it was “girly” to ignore the warnings that Osama bin Laden was planning to attack America using passenger jets.
Idiots.
September 19th, 2008 at 2:16 pmHey, hasn’t Ingram been a feminist since Palin was nominated?
September 19th, 2008 at 6:38 pm