[USSR Didnt Fall]

Oh, ok that’s good enough for me, move along people nothing to see here,

[BibChr]

Well... I sure as heck didn't cause it!

[MichaelCorleone]

-—But for Bernanke to say that inflation is not his fault is just nonsense.-—

That's putting it quite mildly.

[Pearls Before Swine]

"Look boys, I'm giving you $600 billion, but you must lend it to U.S. businesses to stimulate our economy. None of this money is to be used for speculation or gambling in the markets."

That's the way the Chinese do it. It just causes speculation in the lending markets. That might be better, but let's be realistic--forced loans to designated sectors of the economy eventually lead to bad loans in those sectors.

[KarlInOhio]

I would be to blame, but I only had a couple of reams of paper when I was counterfeiting money performing do-it-yourself quantitative easing.

[caww]

Bernanke's fatal mistake was that he placed 'no restrictions' on what the banks would do with his $600 billion..... If you opened the banks' books, you can bet that they've invested in commodities, currencies and foreign equities and bonds.

We know this is the case as banks tightened their loans for business and private investments...plus just following the banks investments since then shows they had no intention of loosing their belts to the common man...rather saw a hand out and ran with it on the world sstage, and continue to do so today.

[henkster]

I don’t think it matters whether they speculate with it, loan it out, or just have a $600 billion bling party. Creating $600 billion out of thin air is going to cause inflation.

[Le Chien Rouge]

Inflation causes according to Helicopter Ben:

1) Sarah Palin’s Facebook page
2) Greedy corporations hoarding money
3) GW Bush insane spending
4) Jerry Jones Super Bowl seating mishaps
5) Cow flatulence causing climate change
6) Glen Beck’s apocalyptic program
7) FoxNews is lying about economic news
8) Subway Jared being mistaken for Tuscon Jared scaring people from shopping
9) Wealth not spread equal enough
10) Not enough government regulation on economy.

[skeeter]

Bernanke was obviously absent during the econ 101 lecture about what happens when too many dollars chase too few goods and services.

[ex-snook]

Inflation, what inflation? Social security checks from the government say there was no inflation.

[NonValueAdded]

OTOH, and presuming that business is not hot to take on debt by asking for loans, the banks would probably be in deep kimchee with the regulators if they did not put that money to work.

It comes back to one thing, it is an absolute fail when the gubermint tries to pick winners and losers. Give that 600B back - nay, don't take it in the first place - and watch the stimulative effect actually materialize.

[blam]

"Is Federal Reserve Chairman Ben Bernanke stoking inflation? Of course he is. Anyone with common sense knows that if you give $600 billion cash to the banks with no qualifications -- as he did with the second round of quantitative easing -- they will use it to speculate in the markets. JPMorgan Chase (JPM) just bought $1 billion of copper. "

[Freedom_Is_Not_Free]

Inflating home prices back up has been the plan all along. Anything But Deflation. The only question has been, does the FED have the means to inflate us out of deflation. Some point to Japan as proof they don’t have the means to force inflation. The jury is still out, but BurnYankee’s helicopter has been flooding dollars toward that end.

He is only one of a huge horde of scum sucking liars in government, business and the media. As long as Joe Brainless buys the lie, he will never stop.

[The Comedian]

Inflation, which doesn't exist, is nobody's fault. At least nobody in government. Or the Fed.

It just happens randomly and without forethought or cause, just like pregnancy, or third world starvation, or Joe Biden's words.

Today is a good day to die.
I didn't say for whom.