Posted on 06/28/2011 4:49:37 PM PDT by Kaslin
Policy Errors: Federal Reserve Chairman Ben Bernanke says he's puzzled by the failure of the economy to respond to our government's many ministrations. Which explains much of why our economy is such a mess.
'We don't have a precise read on why this slower pace of growth is persisting," Bernanke said recently, adding that the growth slowdown was proving to be "more persistent than we thought."
His remarks came as the Fed dropped its 2011 gross domestic product growth forecast from the range of 3.1% to 3.3%, made just two months earlier, to a much slower 2.7% to 2.9% pace.
Not to be rude, but can the nation's top banker really be so clueless? Anyone with half a lick of common sense looking at our economy knows what's wrong: We've spent the better part of three years with government making the most extraordinary interventions in the economy in our nation's history.
Government spending, as a share of the economy, has soared 25%. Regulations, many of them arbitrary and foolish, such as the ban on incandescent light bulbs, have never been more numerous.
Businesses say in survey after survey that, with all the government's micromanaging of the economy, they are uncertain of what comes next, and therefore are postponing investment and hiring decisions.
But to top economic officials like Bernanke, it's not clear by now what's wrong. Really? How about:
• $830 billion in failed, corrupt stimulus efforts?
• A $700 billion TARP program that was promised as a way to stabilize the banks but ended up as a kind of union-crony slush fund?
• The government takeover of GM and Chrysler?
• The punitive re-regulating of Wall Street through a Dodd-Frank bill that affected even those entities that had nothing to do with the financial meltdown?
(Excerpt) Read more at investors.com ...
Eliminate the FED. Jail Bernanke.
DEFUND, DISMANTLE UNaccountable bureaucracies and socialist collectives, foreign and domestic.
Their social circle and academic training is in a tight little club. No one asks tough questions. Ergo, their propagate more clueless programs and policies.... Now, what can be done about it?
I hereby volunteer to be the John Galt representative to ‘splain things to the FED.
- The Fed buying up government debt (because fewer and fewer other entities are willing to do so).
They are not clueless. They are on a mission.
How can the Fed be so clueless? Look at the Missouri River situation. ‘nuff said.
Then quit, you slimy frickin walrus-looking piece of sh!t, quit! Get the **** off of my obstacle! Get the **** down off of my obstacle! NOW! MOVE IT! Or I’m going to rip your balls off, so you cannot contaminate the rest of the world! I will motivate you, Private Pyle, IF IT SHORT-DICKS EVERY CANNIBAL ON THE CONGO!
Government is nothing but clueless. How can anyone expect a bunch of desk based paper shufflers and number crunchers to understand the real world ?
I don’t recall that we (moral, that is, true fiscal) conservatives are satisfied with business, political or academic leadership, yet. We won’t be forced to buy or do much business, until we’re satisfied.
Clearly spoken in few words. Nice job. Wondered if someone would state the obvious. You did.
1. By design, Bam approves of the job they are doing. This leads us down a path that is quite unpleasant, either the Bamster is totally incompetent or intentionally sabotaging the country.
2. Bam is waiting for the opportune time to fire these guys to maximize political traction. If he fires them in December, the the MSM mantra will be to give Bam’s new people and plan a chance. Or he could wait until the budget negotiations are done and then reset.
For the Bamster to have a key policy maker claim that he has no clue is amazing.
schu
Bernanke’s problem is like Obama he, Bernanke, believed, foolishly, that if only he did all the “right things”, the economy would grow well again. He believed too much in his arrogant omnipotence. That’s why he’s now perplexed over the economy being where it is.
“What the economy needed supremely LESS OF, is less of Bernanke and less of Obama.” © Wuli 2011
You said it better than I could.
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| Yup we can all see where the Left stands, against America and everything we stand for. All I know is that if they tell us we had 1.8% growth, it really means we had no growth or negative growth. The anomaly of the current recession is the anomaly of Zer0's political philosophy and worldview. Obama never intended to 'deliver.' Obama intended to redistribute wealth and punish successful people. The next few weeks are going to be momentous for our nation. We need an immediate and guaranteed cut of $500 billion or more in FY '12. Hopefully Zer0's massive incompetence will move more to vote against him in 2012. We'll see. |
It’s not cluelessness, just dishonesty and gutlessness. Everyone who understands business or economics knows exactly why the recovery is so slow “despite” the nationalization of major industries without regard for contract law or proper bankruptcy procedures, trillions of dollars in government stimulus spending, expanded regulation of business, and the impending but uncertain employment costs of ObamaCare. They all know the answers, it’s just bad for the speaker’s job security to admit the truth before the regime pushes through the rest of their program.
Eliminate the Fed, use light poles in their secondary purpose.
How will it be distributed? According to the amount of money a person had when it failed or will they start everyone (but their self, off with the same amount?
Crazy idea?? I pray so; but I know many want America to fall. Soros is heavily invested in it.
We continue to sit passively and gullible, and somehow go on as if socialism, communism, were not the intentions of many in our own government. BIG MISTAKE!!!
We go about our daily routines/business, ... Not realizing that when it happens,And America falls, the ordinary people will be like every other third world country or worse. Anarchy . Chaos. Poor and powerless. Tyranny will rule.
I pray I am wrong.
God help us in our day, in Jesus name, amen.
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