Posted on 08/25/2009 12:49:30 PM PDT by Cheap_Hessian
Federal Reserve Bank chairman Ben Bernanke, who was reappointed to a second four-year term Tuesday, is a renowned expert on the Great Depression, driven to avoid a repeat of such devastation.
Bernanke has earned plaudits for helping steer the US economy through one of its most perilous periods and toward recovery, with President Barack Obama repeatedly thanking him for his contribution.
He was aided in his bid for a second term at the helm of the Fed by the strong working relationship he has forged with Democrat Obama's economic team -- despite being a holdover from George W. Bush's Republican administration.
Bernanke is a noted scholar on the 1930s Great Depression, the greatest economic calamity in US history, when banks and companies collapsed by the thousands and jobs disappeared by the millions.
His supporters cite that expertise in commending the Fed chief's actions guiding the United States through the global economic freefall.
(Excerpt) Read more at breitbart.com ...
Is the MSM trying to tank Wall Street?
He’s doing the exact thing things FDR did to turn the downturn into a Depression. Some expert.
Pray for America and Our Troops
His “study” of the Depresson taught him nothing it seems
If he’s so scared of another Depression why doesn’t he tell BHO & CO. to stop all the spending and socializing our country and printing up worthless money and issuing tons of bond issues which will drown the country in an ocean of debt?
Let’s see, so far Ben Bernanke has followed FDRs steps. FRD screwed it up, and was saved by a war.
Hmmmmm, considering the Loon’s administration’s efforts to destroy our military, perhaps this is also the solution they’re looking at.
And there are those who are great scholars on WWI, but what they know is history and has little bearing on how we fight a war today. Same with the Great Depression, that was then, this is now. We live in a completely different world from what we did then.
If he’s such a scholar then why is he doing the very things that were done then when we know the outcome, it’s in lots of history books.
You are correct. He just doesn't seem to quite "get it". Of course he is surrounded by total idiots like 0bama, Pelsoi, Fwanks, et. al. and that can't help one bit.
It’s all starting to unwind in an uncontrollable fashion.
The end justifies the means.
Their wish is to destroy America as we knew it.
How someone could spend a whole lifetime "studying" the causes of the Great Depression and still not have gotten a clue is beyond me. With all his "expert" financial dial-reading and knob-twiddling he misses the far larger issue of FEAR -- fear by investors of the actions of the political class. Until this fear is gone the recession continues. If the political class insists on taking further action that will deepen the fear (e.g., cap and trade) then they will deepen the recession. The Great Depression didn't end until the war untracked FDR's headlong rush of New Deal Socialism.
If Bernanke is such an expert on TGD, then he would
know that the first Depression in 1907 didn’t last
very long because the Government stayed out of it.
Now there’s a concept.
Should be haunted by the spectre of Arthur Burns.
(Look it up....)
Starving people are easy to control.
Well, I guess it is time for Zero to enrage another branch of his supporters, the anti-war effort. I think his war will be against racism and also against whites with Asians the next batch after the whites are wiped out.
“It’s all starting to unwind in an uncontrollable fashion.”
....my sentiments exactly....how long before the bank runs begin?
Neither Bernanke nor anybody else in DC has the brains or the stones to stop this....it basically requires a whole bunch of people and institutions doing a 180....
He is trying to cause it, not to avoid it.
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