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To: DannyTN

His policies are destroying savers, retirement plans and people who have been responsible. How do you feel about that.


13 posted on 09/14/2012 10:36:45 AM PDT by desertfreedom765
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To: desertfreedom765
"His policies are destroying savers, retirement plans and people who have been responsible. How do you feel about that."

People losing their jobs, major industries and businesses going under destroys savings and retirement plans much more effectively than does Bernanke pursuing a loose monetary policy. So I "feel about" that as the lesser of two evils. And the choice between two evils has been made necessary by the unwise trade polices that we have had for the last 30 years.

So far we haven't seen the hyper-inflation that the doomsayers have said is inevitable, because despite all the money pumping, he's simply offset the drop in money supply from the credit freezes.

When the credit market starts pumping money back in, Bernanke will have to start selling the debt he bought up or there will be inflation. But we won't get to that until unemployment is down.

16 posted on 09/14/2012 11:20:02 AM PDT by DannyTN
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