Winner 2013 Webby Awards for Best Political Website
Top Banner, Site wide
Apr 19, 2014

 Choose a size
Text Size

Top Leaderboard, Site wide

Drought Adds to Syria’s Misery

The Divide

Truthdig Bazaar
Field Days

Field Days

By Jonah Raskin

They Knew They Were Right

They Knew They Were Right

By Jacob Heilbrunn

more items

Ear to the Ground

Bad News Bernanke Strikes Again

Email this item Email    Print this item Print    Share this item... Share

Posted on Feb 9, 2011
AP / Susan Walsh

As if the last couple of years haven’t been brutal enough, here comes Federal Reserve Chairman Ben Bernanke with the exasperating news that the job market isn’t going to markedly improve for “several years.”  —KA


Until the economy sees sustained and strong job creation, “we cannot consider the recovery to be truly established”, he added.

Mr Bernanke also said the US government budget deficit, which rose sharply during the crisis, was “unsustainable”.

The long-term challenges of reducing the deficit were “daunting”, he added.

Read more

More Below the Ad


Square, Site wide

New and Improved Comments

If you have trouble leaving a comment, review this help page. Still having problems? Let us know. If you find yourself moderated, take a moment to review our comment policy.

zonth_zonth's avatar

By zonth_zonth, February 16, 2011 at 1:28 pm Link to this comment

M is right regarding social security.  Now that may be considered a real entitlement to those who have paid into it.
Bernake was interviewed on 60 minutes and the question posed to him was, ‘How do we get out of this recession and time of unemplyment?’  His response was ‘education and university degrees’.  Has he not been informed that universities have hiked tuition 60% in the last 10 years, graduating individuals likely have diplomas where there are a glut of applications already, students are graduating with huge debts for jobs paying salaries that in no way merrit acquiring such huge debts.

Report this

By M, February 13, 2011 at 11:15 am Link to this comment
(Unregistered commenter)

“the baby boomers all retired and sucking up social security”

prisnersdilema, nice rant.

Correct me if I’m wrong. The baby boomers paid into social security their entire
working life…What’s your problem?

Report this
prisnersdilema's avatar

By prisnersdilema, February 11, 2011 at 12:41 pm Link to this comment

Mr. B. is trying to sugar coat things as much as possible, by pointing his finger at the light at the end of the tunnel.

Unfortunately, that light doesn’t mean the economy will recover, to return from a near death experience, but instead it’s passing.

The can be no recovery, because there will be no jobs in seven years, things will be much worse than now with 7 years of declinning property values, the baby boomers all retired and sucking up social security, Communist China demanding all our grain, and a demoralized, drug addicted population, eating each other while the rich spend vast sums extending their lives and their hedonism.

Life for most, in the former USA will be nasty, brutish and short. A Hobesian dystopia; abandon all hope ye who enter here.

Report this
Queenie's avatar

By Queenie, February 10, 2011 at 10:36 pm Link to this comment

If I were a real queen I would yell,


But I’m not so I won’t.

Report this

By rollzone, February 10, 2011 at 8:50 am Link to this comment

hello. this goofy looking character needs his Lincoln
beard shaved. hiding behind the demise of the dollar as
global currency to restructure American financial
architecture within a continental globalist corporate
framework to benefit only elitist scum is unpatriotic
and treasonous on many levels. shave his beard.

Report this

By berniem, February 9, 2011 at 9:38 pm Link to this comment

Its not too few jobs; its too many people!

Report this

By samosamo, February 9, 2011 at 7:54 pm Link to this comment


Not to ignore the reality of this, but is old news and old bennie
has said this before. I don’t know and most of us don’t know
what these totally malicious turds are doing always hiding
behind the curtains making their deals. But that is how the get
away with their crimes.

Truth is, until we can get rid of the crooks in the the government
and the ostensible federal reserve and wall steet and hammer
corporate america or ex-corporate america(if they want to do
business in the u.s., fine, just tax and tariff the hell out of them
or keep the out) who have jumped ship to keep from paying
taxes then NO, we will NOT ever have a job market here in
america. Why? Well, does anyone see any of these factors
cranking back up and hiring folks and I mean americans to go
back to work?

None of this will happen because it is what should happen.

Report this

By realveive, February 9, 2011 at 7:03 pm Link to this comment

One major problem is the smoke and mirrors approach to handling the US budgetary info.  I doubt that anyone knows what’s really going on fiscally.  Another major problem is that we continue to play the Daddy Warbucks, Emperor of the Universe part when we simply don’t have the cash to cover our commitments.  One example; why are we spending 2/3 of a trillion bucks a year on military falderol.  Our only real enemy is a couple of thousand, at most, al Queda folks who could get cleaned up with some decent world-wide police work.

What the USA needs now is a president with balls and some intelligent, honest people in key governmental slots.  If this doesn’t happen, and quickly, we can kiss our collective American asses goodbye.

Report this

By Aaron Ortiz, February 9, 2011 at 6:48 pm Link to this comment

If this is true…why all the negative subtext? Would the author rather have
Bernanke tell pleasant lies?

Optimism is useful as motivation, but can’t it be blinding? Curiously, realism and
even pessimism could be strong motivations for those who refuse to give up even
when hope is gone.

Report this

sign up to get updates

Right 1, Site wide - BlogAds Premium
Right 2, Site wide - Blogads
Join the Liberal Blog Advertising Network
Right Skyscraper, Site Wide
Join the Liberal Blog Advertising Network

A Progressive Journal of News and Opinion   Publisher, Zuade Kaufman   Editor, Robert Scheer
© 2014 Truthdig, LLC. All rights reserved.