Quote:
Originally Posted by The Demon
The FED has been the biggest fault of US recessions since its creation in 1913. However, it was Obama's choice to keep on Bernanke and it was Obama's choice to circulate Bush's stimulus plans. Nobody is blaming everything on Obama but if people want to throw the blame at Bush, it goes both ways. Obama's deficit spending is unprecedented.
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it's unprecedented because this form of economic recovery has never been tried. If i had to hazard a guess, I'd say this is some sort of arrangement pushed by the Chinese due to the socialist flavour it has, and forced upon western powers because the Chinese hold you guys by the balls in a very tight financial grip.
I think saying that Obama 'chose to keep Bernanke' is slightly bold. I don't think it would be as easy as saying 'cya' in the middle of a massive financial crisis etc