Posted on 08/26/2010 7:07:35 PM PDT by ChicagoConservative27
When Ben Bernanke addresses the annual symposium of central bankers in Jackson Hole tomorrow he does so against arguably the most challenging backdrop in his tenure as Federal Reserve chairman.
At the end of a week of gloomy reports, Bernanke faces mounting expectations from markets that the Fed will step in to prop up the US's faltering economic recovery. News of stalling business activity and dismal home sales have fanned talk of a double-dip recession at a time when all the easy options have run out. At the same time, divisions appear to be emerging among his committee of policymakers.
(Excerpt) Read more at guardian.co.uk ...
“I’m an economist darn it, not a god”
What, a -0.5% Federal Discount Rate?
They have no clue and they really do not care. Atlas shurugged Nov 2008. Capital fled the USA and no one in their right mind would build a fatcory he is a more Islamic Zimbabwe.
ALL of TV - every network and channel is a shill for The Imam and Islam.
What ‘recovery’?
I didn’t know that you had to “prop up” a “recovery??
What’s he gonna use,elequent language?’Cause I think that’s about all he has left.
How about:
“I’m an economist, I still need another 10 IQ points to get to moron”
Don't laugh. Some idiot liberal pundit actually suggested that a year or two ago.
Will they ever learn that we cannot tax and spend our way to prosperity? I guess not.
Time to just mail us all a $500,000 check and be done with it. They’ve done everything else, and we’re still in economic purgatory.
They might as well just go ahead and drop the ‘M Bomb’ and go home......
At least, then we’d all have ‘fun’ with some extra cash as we finish our decent into hell. Just be sure to spend it as fast as you can before the dollar becomes toilet paper.
Alan Blinder suggested that this week in the WSJ. To get banks to stop sitting on their reserves. As if anyone would actually want to borrow money.
I can hardly wait for tomorrows GDP report.
I bet it uses the term “unexpected” /s
What? The Summer of Recovery needs propping up?
Yo, ya can’t be laughing with this kind of hemorrhaging ...
it’s not about prosperity...to these bozos it is all about redistribution
I quess that’s what happens when idiots think the government is the answer.
saw a recent financial statement for a local D+ rated community bank...they aren’t paying any jnterest to speak of, aren’t loaning any money, have tons of loses on previous loans, have obviously gotten money from the fed are near zero % and are buying government securities to turn a profit...”F” the rest of us is all the sum total of their (government and banks) plans!
Where is my pixie dust? I’ll have this economy humming right along in no time.
“Time to just mail us all a $500,000 check...”
$150 million spent this way would have done a lot more for the economy than ALL of the bailouts did. And for a whole lot less money.
Then leave.
Borrow some more money from the hard working taxpayer.’
Worked the first time and the second time. /s
No one knows what industry or service will be nationalized next, what new massive regulations will be imposed on what next that manages not to be taken over, what new taxes will or won’t be imposed, etc. There’s been too much meddling already. That’s what got us in this mess to begin with and only stopping it and allowing people to have confidence it is going to stop and not restart will get us going again. Obama and the Democrats have created nothing but confusion and the unknown. Bernanke can’t do anything about that and has actually made it worse by pushing some of this nonsense.
The DEA was looking for Ebonics linguists...
I guess the 0bambi administration need to hire a few Austrian linguists also.
BWAHAHAHAHA.... Capitalism doesn’t look much different than socialism.
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