Posted on 08/27/2011 5:24:03 AM PDT by Lakeshark
Ben Bernanke gave a very lengthy answer to the question “why has the recovery from the crisis been so slow and erratic?,” but Bernanke danced around the obvious:
"Why has the recovery from the crisis been so slow and erratic? Historically, recessions have typically sowed the seeds of their own recoveries as reduced spending on investment, housing, and consumer durables generates pent-up demand. As the business cycle bottoms out and confidence returns, this pent-up demand, often augmented by the effects of stimulative monetary and fiscal policies, is met through increased production and hiring. Increased production in turn boosts business revenues and household incomes and provides further impetus to business and household spending. Improving income prospects and balance sheets also make households and businesses more creditworthy, and financial institutions become more willing to lend. Normally, these developments create a virtuous circle of rising incomes and profits, more supportive financial and credit conditions, and lower uncertainty, allowing the process of recovery to develop momentum."
Yes, normally a recession is self-correcting, but not this recession. Hmmm … I wonder why?
(Excerpt) Read more at legalinsurrection.com ...
:-)
Bush’s Fault. (c)
Tea Party
Der Leader
Well... “zero percent interest rate” is four words so I’ll put my chips on “quantitative easing” or its twin, “money printing”.
Natural Born.
Boss’s fault.
George Soros.
Communist plot
Ponzi Scheme
I resign.
america last
Uh Oh
Using a football analogy Obama has ruined this nation.
When the QB passes the ball every 60 offensive plays in a game bad things happen including you never win.
Furthermore, if you only throw the ball to your BFF’s another recipe for disaster.
First of all, you destroy the foundation of your team your offensive line gets beat up on every play rather than beat on their opponents.
Second of all, your other less friendly receivers quit running their routes because they are useless due to the QB, obstinance.
So with your receivers and running backs deemed unnecessary you are pretty much screwed and destined not to win until you change QB’s and philosophy.
Statistics show when you run the ball 35 times in a game you win over 95% of the time in the NFL.
Obama has thrown money at his friends and demoralized the rest,hence he will be a one term President.
“I quit.”
Lock Box.
“Two words missing from Ben Bernanke’s 3,500-word statement”
“I suck”?
Bravo Sierra?
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