Guess Bush appointee Ben Bernanke gave bad advice back when. This was all done with his imprimatur. Of course we know where the buck stops. This global burr up our butts is one tough fix. Meanwhile, everybody's got a beef and an answer. How long will it take for the Pubs to whip out the ole hair of dog? You know, that from the dog that bit us a presidential campaign ago.
"Bernanke said the roughly $800 billion stimulus package — a blend of tax cuts and increased government spending — now being worked on by Obama and the Democrat-controlled Congress could provide a “significant boost” to the crippled economy. But he made clear that such a plan must be part of a broader, multi-pronged government response to fight the worst financial crisis the hit the U.S. and the global economy since the 1930s. Fiscal policy can stimulate economic activity, but a sustained recovery will also require a comprehensive plan to stabilize the financial system and restore normal flows of credit,” Bernanke said. “History demonstrates conclusively that a modern economy cannot grow if its financial system is not operating effectively.”
Read more at http://www.msnbc.msn.com/id/28635632/ns/business-stocks_and_economy/t/bernanke-obama-stimulus-would-lift-economy/
Plus you never have your clock set right on these blogs! It was 8:16 am when that was penned. and 9:00 am est. You expect accuracy from your elected officials (who appoint others to run things) yet you are continually inaccurate on your time here.
Obama retained both Bernanke and Gates to continue waging war vs. enemies, foreign and financial. He did indeed inherit calamities and if it was anyone asking us to put our faith in a fallacy financially it was Ben Bernanke. I understand that makes Obama an easy taarget this election but you are lying when you lay it all on him here. That's all.
Bernanke and the matter of "normal flows of credit" is not the main cause of where we are. It's very simple. Government got involved in a whole lot of areas beyond its constitutionally specified functions - from guaranteeing subprime mortgages to subsidizing solar panel companies to regulating health insurance, with promises to make up the difference for anyone who cannot adjust to the resulting increased costs - and it wound up driving the government into a degree of debt that may not be possible to surmount.
But, you see, this wasn't a case of well-meaning yet misguided people pursuing policies they didn't truly understand. They understood them quite well and wanted to bring us to this juncture. They have America in decline, which delights them to no end.
It is indeed "all on Obama" since the entire modern Democratic party is on board with his vision of America's "fundamental transformation."
http://www.youtube.com/watch?v=FL7ozsot4VI
ReplyDeleteGuess Bush appointee Ben Bernanke gave bad advice back when. This was all done with his imprimatur. Of course we know where the buck stops. This global burr up our butts is one tough fix. Meanwhile, everybody's got a beef and an answer. How long will it take for the Pubs to whip out the ole hair of dog? You know, that from the dog that bit us a presidential campaign ago.
"Bernanke said the roughly $800 billion stimulus package — a blend of tax cuts and increased government spending — now being worked on by Obama and the Democrat-controlled Congress could provide a “significant boost” to the crippled economy. But he made clear that such a plan must be part of a broader, multi-pronged government response to fight the worst financial crisis the hit the U.S. and the global economy since the 1930s. Fiscal policy can stimulate economic activity, but a sustained recovery will also require a comprehensive plan to stabilize the financial system and restore normal flows of credit,” Bernanke said. “History demonstrates conclusively that a modern economy cannot grow if its financial system is not operating effectively.”
Read more at http://www.msnbc.msn.com/id/28635632/ns/business-stocks_and_economy/t/bernanke-obama-stimulus-would-lift-economy/
Plus you never have your clock set right on these blogs! It was 8:16 am when that was penned. and 9:00 am est. You expect accuracy from your elected officials (who appoint others to run things) yet you are continually inaccurate on your time here.
ReplyDeleteThe attempt to make Bernanke out to be some kind of hero to conservatives is ridiculous.
ReplyDeletePlus, the FHer Congress in early 2009, with the MEC's enthusiastic support, instituted the stimulus being discussed here.
I mean 9:00 am est now. Shoulda proofread, but I admit I'm fallible.
ReplyDeleteObama retained both Bernanke and Gates to continue waging war vs. enemies, foreign and financial. He did indeed inherit calamities and if it was anyone asking us to put our faith in a fallacy financially it was Ben Bernanke. I understand that makes Obama an easy taarget this election but you are lying when you lay it all on him here. That's all.
ReplyDeleteBernanke and the matter of "normal flows of credit" is not the main cause of where we are. It's very simple. Government got involved in a whole lot of areas beyond its constitutionally specified functions - from guaranteeing subprime mortgages to subsidizing solar panel companies to regulating health insurance, with promises to make up the difference for anyone who cannot adjust to the resulting increased costs - and it wound up driving the government into a degree of debt that may not be possible to surmount.
ReplyDeleteBut, you see, this wasn't a case of well-meaning yet misguided people pursuing policies they didn't truly understand. They understood them quite well and wanted to bring us to this juncture. They have America in decline, which delights them to no end.
It is indeed "all on Obama" since the entire modern Democratic party is on board with his vision of America's "fundamental transformation."