Posted on 10/20/2008 8:35:10 PM PDT by Alter Kaker
Ben Bernanke apparently wants four more years as Federal Reserve Chairman. At least that's a reasonable conclusion after Mr. Bernanke all but submitted his job application to Barack Obama yesterday by endorsing the Democratic version of fiscal "stimulus."
While the Fed chief said any stimulus should be "well targeted," even a general endorsement amounts to a political green light. Mr. Bernanke certainly knows that Mr. Obama and Democrats on Capitol Hill are talking about some $300 billion in new "stimulus" spending, while President Bush and Republicans are resisting. And by saying any help should "limit longer-term effects" on the federal deficit, he had to know he was reinforcing Democratic opposition to permanent tax cuts.
(Excerpt) Read more at online.wsj.com ...
Impeach him. Huge conflict of interests.
O B A M A C R O N I E S E N G I N E E R E D T H E F I N A N C I A L C R I S I S.
You just made me think of part of R. Lee Ermy’s “motivational speech” from Full Metal Jacket.
Bush, why did you appoint this Greenspan clone?
>> That is like being endorsed by the Black Death.
LOL - Team Obama is praying W. doesn’t endorse him too.
No. Ken Adelman, the former Rumsfeld adviserwho helped screw up the initial invasion of Iraq and who wrote a Washington Post Op/Ed predicting in which he said "I believe that demolishing Hussein's military power and liberating Iraq would be a cakewalk" just endorsed Obama.
That's being endorsed by the Black Death.
Maybe he is using his vast knowledge of the depression to help create another one.
You can’t be serial.
Bernanke is an academic. He has no grounding in politics or how his comments can move markets.
He needs to learn a few things from Greenspan. Alan Greenspan could talk for 5 hours in front of Congress and say absolutely nothing. He was the master.
He would use complex economic terms that meant nothing to anyone and at the end of his diatribe, the congresscritters would be afraid to ask questions for fear of looking stupid..or worse...being bored to sleep.
In the absence of Milton Friedman’s call for the abolishing of the Federal Reserve, Greenspan was the next best thing.
You're obviously insane.
I’m not a conspiracy nut, but I have a hard time arguing that this ACORN, CRA caused crisis a month before the election is not a conspiracy.
Not surprised.
The Fed will be more than happy to hand out reparations.
After they take their cut, that is.
“Maybe he is using his vast knowledge of the depression to help create another one.”
He’s certainly tryin’ his best to bring it on...what a “zero” this guy is....wow, a “zero” endorsing a “zero”. Who woulda thought?
And you are a doodyhead. So there. nya, nya, nya, nya, na, na.
Let’s hear something besides 3rd grade name calling.
What is your opinion here on serious economic issues? We might actually be on equal footing here for a change and you won’t have to do a google search when I post something.
Let’s just talk man to man.
That makes two of us Eric. This was all too convenient. I don’t do conspiracies either. That’s why I’m not buying all this birth certificate stuff and such. If the stuff exists, get it out there. Otherwise, shut up! Now on the other hand, the Calypso Louie “mothership” thing.... LOL!
The One certainly was calm and collected about it when it hhappened, wasn’t he?
“none of that seems relevant now”
Not sure why Bush would have put him in place. However, knowing some of the causes of the Great Depression would 1) help prevent another, or 2) help you start another.
Ben Bernanke apparently wants four more years as Federal Reserve Chairman. At least that’s a reasonable conclusion after Mr. Bernanke all but submitted his job application to Barack Obama yesterday by endorsing the Democratic version of fiscal “stimulus.””
Oh oh, this guy won’t be happy:
http://www.youtube.com/watch?v=ipJTqCbETog
(A couple years old, and a little too long, but some funny bits about Bernanke. Besides, it’s a nice parody of a great Police song :-)
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