Posted on 02/24/2009 10:02:54 AM PST by Reagan Man
Bernanke fears recession could extend to 2010- Reuters # U.S. home prices drop at record pace in December- Reuters # Consumer confidence plummets to new low- AP # Government looks to quell nationalization fears- AP # AIG looking at alternatives for government loan- AP # Yahoo and Microsoft: Deja Vu All Over Again- CNBC # For High Earners, Tax Day May be Painful This Year- NYT.com Home Depot reports 4th-quarter loss of $54M Home prices post record annual decline in 4Q Office Depot posts $1.54B loss for 4Q - Oil well below $40; consumer confidence plunges Target 4Q profit falls 41 percent amid downturn Fidelity Investments’ 2008 profit falls 18 percent - # Oil well below $40 as consumer confidence plunges- AP # Prepare Yourself for Higher Gas Prices- T
during normal times these headlines would drop the market 10-15%. Your PPT at work.
How about a bigger one?
....OR, it may not. Monkeys MAY fly out of my butt, but my money isn’t on THAT happening either.
Ben Bernanke must be constipated and cannot think straight. This stimulus bill will never be paid for, and Obama is a goof ball to think he can cut the deficit in half by 2012. Where are the figures to do this. He has none. It’s just rehtoric (verbal diarrhea). What was the total bill: $160,000 per man, woman, and child, in the united States.
Where will the money come from. The Black community won’t pay it.
The weatherman will be right if he predicts sunshine, rain, snow, sleet, drought, a hurricane and a tsunami!
Ben Bernanke is one of the yahoos in WashDC that gave us this economic downturn and crisis of confidence. The TARP didn’t work, period. And Obama voted for it!
"If actions taken by the Administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability--and only if that is the case, in my view--there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery."
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.