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Bernanke Talks of Better Economic Times AheadPosted on Aug 21, 2009
After seemingly endless months of relentlessly distressing financial reports, Federal Reserve Chairman Ben S. Bernanke said Friday that the economic news is looking up on both the national and global economic fronts, and that “prospects for a return to growth in the near term appear good.” —KA
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By BlueCrow, August 23, 2009 at 2:25 pm Link to this comment
And what reasonably informed person would believe a word Bernanke said or follow the trail the slug leaves behind him?
Report thisBy dihey, August 23, 2009 at 5:34 am Link to this comment
The Obama administration has recently stated that the projected deficit will be two trillion dollars larger than previously anticipated. Guess how much of that is due to the wars in Iraq and Afghanistan/Pakistan and the cost of our numerous “bases” around the globe?
Report thisBy Rachelle, August 22, 2009 at 5:51 pm Link to this comment
(Unregistered commenter)
Bernanke’s an idiot, just like his predecessor Greenspan. Matter of fact he totally
Report thisfollowed along with Greenspan’s message until it was his turn…
By artie, August 22, 2009 at 7:39 am Link to this comment
(Unregistered commenter)
Bernanke, late of Goldman Sachs, is one of the most accomplished liars in Washington. A list of his lies and fabrications, over the years, appears on the web. He should be in jail, along with many other politicians, including Bush, Greenspan, Rubin, Paulson, etc.
Report thisBy Johnny Appleseed, August 22, 2009 at 7:11 am Link to this comment
(Unregistered commenter)
The FDIC is running out of money. I’d be very surprised if there isn’t a slew of
Report thisgood economic news intended to stave off bank runs.
By bane-richter, August 22, 2009 at 5:54 am Link to this comment
Those housing sales largely represent fire-sales of suckered homeowners who abandonded ship through foreclosures, short-sales or just taking the keys and walking away. They weren’t protectected like Wall Street, in fact, they are largely being blamed and ignored. (By NPR even, who claims, “they should have known when they signed on the bottom line” - an extrodinarly naive and indifferent hostility, the likes of which someone in the 1980s would ever believe would come out of NPR)
Report thisVast swaths of the American Public - that the Goverment and media outright ignore - know that the “economy” isn’t tied to the market breaking 10K or bargains on home prices if you happen to be one of the lucky ones who actually has any cash, or cars. Obama has simply bolstered what collapsed before. It’s socialism for the fortunate few, capitalism for everyone else.
By greed-and-idiocy, August 22, 2009 at 5:14 am Link to this comment
(Unregistered commenter)
Ben Ber-bank-e is a corporate toadie who didn’t foresee the recession coming - but is now hailed by the MSM as a “world savior” and “wise man” now that he claims the recession is ending. What a sham.
Report thisBy godistwaddle, August 22, 2009 at 3:55 am Link to this comment
I’m SOOO happy that Obama, the right-wing tool, has bailed out capitalism so that it may return to raping us without consequences.
Report thisBy redspades, August 22, 2009 at 12:22 am Link to this comment
LOL
you wish em good prospects uh
Report thisthat’s right
it just ain’t gonna happen