Skip to comments.Bernanke: Obama stimulus would lift economy (but other steps needed to stabilize financial system)
Posted on 01/13/2009 9:04:02 AM PST by NormsRevenge
LONDON Federal Reserve Chairman Ben Bernanke said Tuesday the stimulus package being crafted by President-elect Barack Obama and Congress could provide a "significant boost" to the sinking economy. But he warned that such a recovery won't last unless other steps are taken to stabilize the shaky financial system.
Although Bernanke has previously endorsed the notion for a fresh round of government stimulus to lift the country out of a recession, it marked the first time the Fed chief has referenced the roughly $800 billion recovery plan now being worked on by Obama, who takes office next week. Obama envisions a blend of tax cuts and increased government spending, including on big public works projects, to make up the stimulus plan.
(Excerpt) Read more at news.yahoo.com ...
Ben Bernanke is just as insane as Barack Obama.
Federal Reserve Bank Chairman Ben Bernanke listens to a question after his speech at the
London School of Economics in central London January 13, 2009. (Toby Melville/Reuters)
Go print some more money, Ben.
Isn’t this the idiot who was captain of the ship when it hit the iceberg?
You know, there’s one thing that is kind of striking, though probably apropos of nothing, when you see Ben and Hank at these Congressional meetings.
Hank, in one week, walks with over $500 million tax free from his GS holdings.
Ben, is a Fed chairman who makes on the order of $240K, maybe less. (don’t know the exact number)
Things that make you go “hmmmm.”
Urgent message from Ben to Obama;
“Please don’t fire me! I’ll be a good little drone, I promise!”
Didn’t our founders specifically NOT want the power over The People put in the hands of unelected “officials?”
$800B is not enough? $800,000,000,000? Eight hundred billion dollars? That's just a start? Personally, I'll take a nice year-long recession over $8,000+ per family in added debt without actually solving the problem. Bush was completely and totally wrong to go along with this socialist step, and Obama is going to be even worse.
|Federal Reserve Chairman Ben Bernanke said Tuesday the stimulus package being crafted by President-elect Barack Obama and Congress could provide a "significant boost" to the sinking economy.
Well, no, Bernanke didn't say that. The Associated Press said that. Apparently Bernanke offered insufficient praise for The Wonderfulness That Is Obama, so the AP reporters made something up and pretended that Bernanke said it. The headline writer then took the made-up part and made that the point of the whole story. See, this is what passes for "news" in the Age Of Obama.
Those Freepers who took Bernanke to task for saying that Obama's plan would stimulate the economy are allowing the AP to mold their thoughts. By now I'd think that most conservatives would know better than to rely on an Associated Press story to tell the truth about anything.
For what it's worth, the full text of Bernanke's speech is here. One searches in vain for any reference to Obama, his economic advisors, Congress, or the phrase "significant boost."
Or, perhaps it might be more correct to say, the media presents them that way.
Bernanke serves his buddies well.
The headline should read “Bernanke says stimulus will allow his close friends and co-religionists to go on as they were.”
I don’t get it....dems are against tax cuts that create jobs, saying it’s fiscally and morally irresponsible; but on the other hand they’re willing to spend money in an irresponsible way.
Doesn’t make sense.
In other words, “Oh please Obamassiah, let me keep my job. I will bow before you and make your every wish come true.”
Thanks for the link and comments!
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