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Bernanke: Recovery 'unusually uncertain'
cnn ^ | 7/21/10 | Scott Spoerry and Chris Isidore

Posted on 07/21/2010 1:21:11 PM PDT by Nachum

Washington (CNNMoney.com) -- Federal Reserve Chairman Ben Bernanke warned Congress Wednesday that the economic outlook remains "unusually uncertain."

In his prepared testimony for the Fed's semi-annual report to Congress, Bernanke offered the most extensive look yet at the Fed's plans for pulling money out of the system and raising short term rates, as the economy improves. But his outlook did not call for a quick recovery from the Great Recession.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: bernanke; bernanken; recovery; uncertain; unusually
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Hold on tight. It's going to be a bumpy ride....(says the shrunken head from Harry Potter)
1 posted on 07/21/2010 1:21:15 PM PDT by Nachum
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To: Nachum

unusually uncertain = what recovery?


2 posted on 07/21/2010 1:22:21 PM PDT by circlecity
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To: Nachum

http://www.youtube.com/watch?v=uhguwCSnIZc&feature=related


3 posted on 07/21/2010 1:23:12 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

Bernanke is an idiot.


4 posted on 07/21/2010 1:23:26 PM PDT by Jim Robinson (JUST VOTE THEM OUT! teapartyexpress.org)
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To: Nachum

“economic outlook remains “unusually uncertain.” “

Leadership outlook, remains unusually uncertain as well. I wonder if the two are connected? Good to hear Shirley is going to be reinstated. I was real worried about that one.


5 posted on 07/21/2010 1:23:32 PM PDT by equalitybeforethelaw
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To: Nachum

That’s OK...Bernanke is usually uncertain about where his a** is.


6 posted on 07/21/2010 1:24:27 PM PDT by Scott from the Left Coast
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To: Nachum

I think this is all on purpose. Only a really stupid person would expect this stuff to work.


7 posted on 07/21/2010 1:27:47 PM PDT by MtnClimber (Osama and Obama both hate freedom and have friends that bombed the Pentagon)
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To: circlecity

He goes down for the third time.


8 posted on 07/21/2010 1:29:17 PM PDT by boomop1
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To: circlecity
unusually uncertain, unpredictable, unbelievable
9 posted on 07/21/2010 1:30:17 PM PDT by freedomlover (Make sure you're in love - before you move in the heavy stuff)
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To: Nachum

Unexpectedly, “unusually uncertain.”

Get with the program, Ben.


10 posted on 07/21/2010 1:30:17 PM PDT by maggief
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To: Nachum

‘unusually uncertain’?

(CUE GIANT EYE ROLL)

It’s not ‘unusual’ at all. Socialism and communism has never worked in the history of the world. Our economy is ‘uncertain’, because no one knows what job killing bill or takeover Obama and the democrats will do next.

Bernanke is an idiot and proving it more and more everyday. He is a spineless suck up coward.


11 posted on 07/21/2010 1:30:47 PM PDT by penelopesire ("Did you plug the hole yet daddy?")
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To: Scott from the Left Coast

“That’s OK...Bernanke is usually uncertain about where his a** is.”

I liked him before the 2008 crisis. In front of the crisis he made good points that banks themselves should modify loans. But then, he changed, and became a Wall Street Bank Slave like the others, financing the and Freddie and Fannie and the world’s investments in US toxic paper.

Greenspan was stupid in a different way. He actually believed in what he said.


12 posted on 07/21/2010 1:31:31 PM PDT by Shermy (Keynesianism, Supply-side "economics." Two sides of the same borrowed coin.)
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To: Jim Robinson

With these Marxist clowns the only recovery is death and destruction!


13 posted on 07/21/2010 1:33:08 PM PDT by A. Morgan
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To: Nachum

“unusually uncertain” is certain.


14 posted on 07/21/2010 1:33:37 PM PDT by Berlin_Freeper (posted a total of 1,459 threads and 8,556 replies.)
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To: Nachum

Well, go ahead and let the tax cuts expire.


15 posted on 07/21/2010 1:34:53 PM PDT by Paladin2
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To: Jim Robinson
Funny he should say this on a day when Obama signs his finance bill, though.

I have a sense that Obama didn't like his remarks too much.

16 posted on 07/21/2010 1:35:33 PM PDT by what's up
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To: Nachum

Take the Helicopter for another ride and shower us with a few Trillion more, Bennie-boy!

That’ll fix it. Right?


17 posted on 07/21/2010 1:35:52 PM PDT by Uncle Miltie (Always refer to the Libs' new group as"ONE NATION, UNDER G-D!" That'll drive 'em nuts!)
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To: freedomlover

Unexpectedly unusually uncertain, unpredictable, unbelievable............


18 posted on 07/21/2010 1:39:06 PM PDT by Red Badger (No, Obama's not the Antichrist. But he does have him on speed dial...............)
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To: Nachum
There is no good solution. "Unconventional tools" promise only to mess things up worse. If these "tools" whatever they might be, were effective, they'd have been validated through use in the past.

Bernanke has an insoluble problem and doesn' know what to do. The best thing would have been to do nothing all along but the interventionist's disease renders power brokers incapable of holding back.

19 posted on 07/21/2010 1:48:39 PM PDT by hinckley buzzard
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To: circlecity

Huge tax increase comming in 2011,,50% jump for lower income filers,,completely managed by snot-faced liberal/marxist RATS,,,rest easy.


20 posted on 07/21/2010 1:49:20 PM PDT by Waco (From Seward to Sarah)
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