Matt Taibbi has jumped the shark with his support of Rick Perry/Teabaggers

[banned from Kos]

Taibbi is a financial ignoramus who opposes Fed stimulus to improve the economy.


"It should be obvious to anyone that printing two trillion new dollars and handing it to the corrupt financial sector to play with will not result in higher wages for ordinary people."

http://www.rollingstone.com/politics/blogs/taibblog/rick-perry-vs-ben-bernanke-round-one-20110816

Krugman has recommended $4 trillion of Fed stimulus. But Taibbi (who has no financial education) opposes this stimulus.

And no one is "handing" QE to the financial sector. ALL of QE to date has bought Treasuries and GSE debt.


FINALLY - read the comments! His loyalists have turned on him!