Posted on 02/18/2009 11:12:02 AM PST by Red in Blue PA
Banner headline only.
(Excerpt) Read more at cnbc.com ...
While they may get that right this time, they are certainly late to the dance.
Keep in mind that as recently as August, the Fed was off fighting “inflation” because their outlook for U.S. economic growth was so strong.
Yeah, I remember that, they didn’t know there is no inflation when the customers stay home. Who would have thought that.
And now they are talking stimulus two ...
Stop building for five years and you will see it stabilize. There are housing projects all over this country and no need for new homes.
Agreed.
A consumer/service economy can only go on for so long.
You need to produce something of value.
Something we seem to have forgotten.
This is all a game controlled by the Bildebergers. In June 5-6 2008 Bernake met with them in Chantilly, VA just as Obama and Hillary did ...when Obama pulled that stunt on his press letting them go to Chicago while he supposedly met Hillary at Feinstein’s house..BULL, it was the date of the Bildeberger Mtg 12 miles from the Airport where he ditched the press. This whole election was a HOAX, just as Bill Clinton met with them in 1991 and then became President, and claimed he accidently ended up at the “B” mtg. The banks went down intentionally as was proved by CEO Feld’s actions during the Lehman crisis refusing Warren Buffet billions for preferred stock, and a buyer the week before he let Lehman crash.
This whole thing was started intentionally and has been orchestrated from the beginning by the NWO Illuminati aka: Bildebergers.
I’ll wear the tin foil hat and be called a conspiracy theorists, but after listening to Coast to Coast, it appears there is proof now...
And to think we just blew $800 billion yet did nothing to assuage the mortgage crisis.
That’s exactly right. They release the housing start data and seem shocked that it’s down. What do they expect in this environment?
Obviously Bush’s fault.
Housing prices have fallen closer to where they should be. Unfortunately, millions of people still owe bubble prices. Housing prices will probably not recover up to the dizzing heights of the boom any time soon.
construction developments in AZ have come to a stand still
What does a hamburger joint have to do with this?
You'd better double up on the foil.
CtC, LOL!
http://www.stopthenorthamericanunion.com/2008BilderbergAttendees.html
You would be correct in your assumption.
Growing goobermint at all costs was leading the way and RINO's in Congress having done nothing in 6 years to thwart the situation we are now seeing form and come to pass. The snowball is picking up speed and size; the curve is going exponential very soon.
for your pinglist
How long do you think it will take for a certain someone to come along on this thread to claim that the Fed has been right about this every step of the way, that we should stop fighting the Fed cause we’re a bunch of ignorant ideologues, that we will lose our shirts on gold and miss the Q1 stock market recovery, and that the economy will come back this summer like it always does.
I guess we can count Bernanke among the ranks of ideological doom-and-gloomers.
They might as well raise rates now and get the real recovery started.
If the crisis is in Financials and Housing why does the stimulus bill barely address those areas?
If the media hounded that guy like they do sexed up Republicans he’d have been thrown out by the voters a decade ago. Decadence slips through to legislation.
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