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The Debt Ceiling Is Breaking Ben Bernanke's Heart (Tiny Violins Alert)
National Journal ^ | 10/9/2013 | Patrick Reis and Catherine Hollander

Posted on 10/09/2013 1:06:23 PM PDT by mojito

Ben Bernanke has spent half of a decade trying to coax investors out of their post-recession bunkers. Now, Congress is set to once again send them running for cover.

The country will default in the coming weeks unless lawmakers reach a debt ceiling deal, but just by coming close to the edge, Congress will pull markets in the exact opposite direction than the Federal Reserve has been trying to push them.

Bernanke's bid to resuscitate the economy depends on two leaps of faith. Businesses need to have enough faith in the future to ask for the big loans they need to expand their operations, in part by hiring some of the country's 11.3 million unemployed workers. And lenders need to believe that making those loans is the best use of their money.

(Excerpt) Read more at nationaljournal.com ...


TOPICS: Business/Economy; Extended News; Government; Politics/Elections
KEYWORDS: benbernanke; queternity; sadness
Gosh, this is the saddest story I've ever read. Buck up, Ben. Big government will come to the rescue. I just know it will. And to think that you helped make it all happen by playing the naive handmaiden to Prince Barry.
1 posted on 10/09/2013 1:06:23 PM PDT by mojito
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To: mojito

LOL.


2 posted on 10/09/2013 1:06:52 PM PDT by onyx (Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
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To: FReepers; Patriots; FRiends
Post #436!







WOO-HOO!!!

Jim Robinson is handling the incoming "this afternoon" while JustAmy runs her errands!!

Please Make Your Donations!!!!!


3 posted on 10/09/2013 1:07:27 PM PDT by onyx (Please Support Free Republic - Donate Monthly! If you want on Sarah Palin's Ping List, Let Me know!)
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To: mojito

Another subject to be thrown to the LaBrea tar pits following CW-II.


4 posted on 10/09/2013 1:11:02 PM PDT by Da Coyote
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To: Da Coyote
Another subject to be thrown to the LaBrea tar pits following CW-II.

Let me assist.

5 posted on 10/09/2013 1:29:27 PM PDT by Digger
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To: onyx

Bust out the “I spent my academic career studying the Depression” drinking game.


6 posted on 10/09/2013 2:32:39 PM PDT by Buckeye McFrog
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