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To: Sir Napsalot

Bernacke and Geithner will be remembered as the most disastrous individuals ever to be appointed to high office. Whwn confronted with $11 trillion dollars of debt, continued deficit spending of $3 billion dollars a day, huge unfunded liabilities, and a declining less productive economy, they instituted policies and financial gimmicks that combined with Obama’a malfeasance assured the decline of America.


5 posted on 01/15/2013 5:35:35 AM PST by allendale
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To: allendale

First, Bernanke and Geithner had zero to do with the continued deficit spending. That was all Congress and Obama.

Second, both Geithner and Bernanke were absolutely masterful in guiding us through the financial crisis of 2007-08. You might not like TARP and the other things they did at the time but they were the right things to do and they worked. Bernanke has also done a great job through accommodative monetary policy which is the exact right prescription for the massive asset deflation we have been experiencing over the last 4 years.

We have huge fiscal issue that will cause a financial collapse in the future if not addressed. But those were caused by our pathetic Congress (GOP and Dems alike) and our radical socialist president not Geithner and Bernanke.


31 posted on 01/15/2013 6:15:41 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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