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