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Bernanke: despite recovery, many struggling
Reuters via Yahoo News ^ | August 6, 2012 | Reuters

Posted on 08/06/2012 12:48:45 PM PDT by John W

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Monday that although broad measurements of the economy point to recovery, many people and businesses are facing tough times.

"Even though some key aggregate metrics -- including consumer spending, disposable income, household net worth, and debt service payments -- have moved in the direction of recovery, it is clear that many individuals and households continue to struggle with difficult economic and financial conditions," he said in prepared text.

Bernanke was speaking to a research conference on the topic of economic measurement. He did not discuss the outlook for monetary policy or refer to a report that the economy added a more-than-expected 163,000 jobs in July even as the jobless rate rose to 8.3 percent.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: 2012issues; bhoeconomy; economy; fed; jobless; obamanomics; recovery

1 posted on 08/06/2012 12:48:49 PM PDT by John W
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To: John W

” broad measurements of the economy point to recovery “

I guess it depends on which broad you’re measuring...

(Ducking for cover...)


2 posted on 08/06/2012 12:51:22 PM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: Uncle Ike

Hey Ben! WHAT RECOVERY???????


3 posted on 08/06/2012 12:52:51 PM PDT by tallyhoe
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To: John W
Looks like Ben has a little cognitive dissonance going on there.
4 posted on 08/06/2012 12:53:42 PM PDT by E. Pluribus Unum (Government is the religion of the collectivists.)
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To: E. Pluribus Unum

” Looks like Ben has a little cognitive dissonance going on there. “

‘Dissonance’, certainly - but it’s arguable whether ‘cognitive’ is an adjective that applies to Helicopter Ben....


5 posted on 08/06/2012 12:57:22 PM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: E. Pluribus Unum

Could you imagine what the country would look like if they weren’t able to spend $1.40 in Baraqqi/Bernanke/Geithner minibucks for every $1.00 in revenue?

Right now Obama’s entitlement society is like the family in 2007 riding a wave of fake finance based on maxxed out credit cards and helocs on homes with negative equity.


6 posted on 08/06/2012 12:57:28 PM PDT by nascarnation
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To: John W

Bernanke keeps using that word, “recovery”. I don’t think it means what he thinks it means.


7 posted on 08/06/2012 12:58:15 PM PDT by Pollster1 (Freedom is never more than one generation away from extinction. - Ronald Reagan)
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To: John W
WHAT RECOVERY?!
8 posted on 08/06/2012 1:02:43 PM PDT by 2ndDivisionVet (You cannot invade the mainland United States. There would be a rifle behind every blade of grass.)
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To: John W

> ...broad measurements of the economy point to recovery...

Obama’s failure may point to success someday, in other words.


9 posted on 08/06/2012 1:05:12 PM PDT by Jyotishi (Seeking the truth, a fact at a time.)
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To: 2ndDivisionVet

It is one of those old hangover recoveries you wonder when it will start.


10 posted on 08/06/2012 1:15:57 PM PDT by boomop1 (term limits will only save this country.)
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To: John W

The 115 million households in the U.S. could each have received $7500 from the first stimulus bill, had the government simply sent a check in that amount. That would have been a great help to struggling families.

Instead, “stimulus” morphed into “porkulus”, as Obama sent tens of millions to his contributors, many of whom opened fraudulent “green” businesses that soon went bust. However, most of these fat cats are contributing thousands to Obama’s re-electon campaign.

Can you say “money laundering”? I knew you could. This insane spending was never about helping anyone but Obama’s cronies in the usual Chicago-style political payoffs.


11 posted on 08/06/2012 1:17:25 PM PDT by txrefugee
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To: John W
have moved in the direction of recovery

So that means that we haven't been in recovery, as they've been saying for 3 years? We are just seeing some data now moving in that direction? So there hasn't been a recovery...duh. So what about the 3 years of lies, Bernanke?

12 posted on 08/06/2012 1:17:25 PM PDT by Scott from the Left Coast
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To: John W
>>>> ".... despite recovery, many struggling." <<<<

What an eff'ing genius. The a$$hole finally figured out that people are having a rough time !! No wonder the economy is completely eff'ed up.

13 posted on 08/06/2012 1:17:58 PM PDT by jmax (Ahhhh...life is so frigging good in the obama nation.)
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To: John W
Ben Bernanke — how in the wide, wide world of sports did this guy ever get an economics degree except in a box of Cracker Jack? Ben gives blithering idiots a bad name.
14 posted on 08/06/2012 1:22:12 PM PDT by MasterGunner01 (11)
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To: John W

All of the people that Bernanke wants to do well are doing very very well. To hell with the rest of us.....


15 posted on 08/06/2012 1:24:46 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: 2ndDivisionVet

Only 5 million+ jobs lost......THAT recovery!


16 posted on 08/06/2012 1:34:20 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: John W

This must be the only recovery ever where businesses continued to shut down, wages continue to decrease, thousands more continue to loose jobs weakly and prices continue to rise. Wow how’s that for re-defining the word recovery.

But it goes to prove one fact: The left is full of blind, ignorant fools who lack the very basic skills of mathematics.


17 posted on 08/06/2012 1:40:01 PM PDT by formosa (Formosa)
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To: John W

“despite recovery”

Bernanke , you stupid lying bastard, there has been no recovery, there hasn’t been one, we are not in one, and as long as Obama and his corrupt democrats are in power, there never will be.


18 posted on 08/06/2012 1:50:08 PM PDT by Gator113 (***YOU GAVE it to Obama. I would have voted for NEWT.~Just livin' life, my way~)
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To: John W

Recovery? There was a recovery?


19 posted on 08/06/2012 2:08:04 PM PDT by GOPJ (..convinced if you put a compass in the hands of a liberal, it will point south -Fr Neveronmywatch)
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To: John W
"Federal Reserve Chairman Ben Bernanke said on Monday that although broad measurements of the economy point to recovery "green shoots", many people and businesses are facing tough times."

There ... fixed it!

20 posted on 08/06/2012 2:21:32 PM PDT by The Duke
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To: John W
Remain clam and Win The Future (WTF)!
21 posted on 08/06/2012 2:30:48 PM PDT by tumblindice (Sic Semper Tyrannis)
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To: John W
Saying the economy is in recovery and using government lies to back up your claim... is like fudging a scale and declaring rosie o’donnell weighs the same as Twiggy.

LLS

22 posted on 08/06/2012 2:33:15 PM PDT by LibLieSlayer (Don't Tread On Me)
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To: John W

Uh, WHAT recovery, Ben? Until business start hiring regularly again, there won’t be any REAL recovery.


23 posted on 08/06/2012 2:38:54 PM PDT by SuziQ
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To: John W
yo Bermake...

RECOVERY??? That is nothing but Political Bull Sh!t...to help Hussein..here in PA. gas is out of sight again and just saw where it increased in OHIO 40 cents a gal.in just one week...
If Bush were President the MSM and Liberals would be crazy with anger...but since its the boy president nothing is said.

THIS FAMILY IS TIRED OF IT ALL... YO HUSSEIN... HOW MUCH WAS GAS WHEN YOU TOOK OFFICE IN 2009? yea right no one can recall...

24 posted on 08/06/2012 4:16:48 PM PDT by haircutter
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To: The Duke

The analogy I would draw would be to a college football team’s record. The economy was 0-12 in 2009 and now is 4-8 in 2012. There has been improvement, but the results still suck.


25 posted on 08/06/2012 6:04:37 PM PDT by EVO X
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