Federal Reserve Chairman Ben Bernanke defended the Fed's new $600 billion program to aid the economy
 

This is the guy that has been in that office since the democrats took office in 2007, 15 months later , all the shit started, why the fuck is he still there?


http://news.yahoo.com/s/ap/us_bernanke_stimulus

my guess is because he is the best man for the job? :2 cents:
or do you have someone better, more qualified, with more experience in mind?

Anyone can print moiney!





It's fookin' magic!

Smoke and fucking mirrors!

Guess again!

He is an expert on the great depression and he was appounted by w not barry and he has term to fill out. i think He cant just be fired

Also you should grateful because your income is based on cc sales.so he doesnt prop up the banks it would be bye bye credit cards

I stand corrected, another mistake by Bush

But do you think another stimulus will work were the first one is very questionable of any real results?

You didn't do well in math did you?

How does it feel to pull a figure out of your ass?

Take a look at this:

See the entire article here:

http://pubrecord.org/special-to-the-...anking-cartel/

From the citation:

"When we analyze our current crisis, focusing on the past few years of economic activity blinds us to the history and context that are vital to understanding the root cause. What we have been experiencing is not the result of an unforeseen economic crash that appeared out of the blue with the collapse of the housing market. It was certainly not brought on by people who bought homes they couldn?t afford. To frame this crisis around a debate on economic theory misses the point entirely. To even blame it on greedy bankers, while essentially accurate, also misses the most vital point.

This crisis is the direct result of a strategic economic attack on the existence of a middle class and democracy worldwide. The stock market and economy have become weapons of mass oppression manipulated by an imperial banking cartel to impose order and exploit the masses. This crisis boldly represents the manifest evolution of the fascist spirit reasserting itself as the dominant ideology.

Any fairytale notions of the United States being a democratic republic built on the rule of law have been utterly dispelled. As a nation we have been bred and conditioned to be dangerously naïve to the darker forces which operate beyond the spotlight of the mainstream media. We have been blinded to what has been developing throughout the world.

The economic imperialism that has now blown-back to the United States and Europe has been evolving for decades and can be directly traced back to the end of World War II, to the birth of the CIA, International Monetary Fund (IMF) and World Bank.

For those of us who have been paying attention to economic imperial operations that have been carried out against countries throughout the world, this looks all too familiar. The IMF and global bankers have conquered the second and third world, and they have now moved on to countries within the first world. Western European and American working classes are in the cross-hairs now.

Economic and societal indicators, along with recent G-20 policy decisions, clearly demonstrate that they are carrying out and escalating systemic economic attacks throughout Europe and the US.

To put it in technical terms, the United States government has been taken over by a financial terrorism network. They have bought off leaders of both the Republican and Democratic parties, and have established a dominant role in all three branches of government and throughout the mainstream media. They have complete control of the economy, stock market, US Treasury, Federal Reserve, World Bank, IMF and global banking system. Free market capitalism has collapsed; it?s now a rigged global market. This is an organized criminal operation, an imperial fascist movement that is determined to destroy our very way of life.

A war has already been launched against us.

In just the past three years we have lost an unprecedented amount of national wealth, trillions upon trillions of our tax dollars have been looted by Wall Street, endless wars, enormous subsidies for the most profitable global corporations and tax cuts for the richest one percent of the population. Never before, in the history of civilization, has a nation been so thoroughly and systematically fleeced.

This is all the result of a coordinated economic attack by a global banking cartel against 99 percent of the US population.

Until we can become politically intelligent enough to see this as the reality and root cause of our current crisis, we will not be able to overcome it, our living standards will continue to decline and we will all be sentenced to a slow death in a neo-feudal system built on debt slavery.

The average American is horribly naïve to just how depraved, corrupt and addicted to power this banking cartel is. Through their control and domination of the mass media, they have kept their crimes against humanity out of public consciousness. We have been shielded from the global devastation and death toll that they have already wrought. The result is an unsuspecting population of confused and passive people having their future ripped out from under them, right before their eyes, without any organized defense or resistance."

:1orglaugh

That's the biggest estimate I've heard yet. Kind of depressing. :1orglaugh

http://costofwar.com/

Read it and weep ...

Billion LOL

Just compounding the mess

40 percent of the stimulus is tax cuts.You like tax cuts.

Stop keeping up Tony, people have a lot of catching up to do already.

i think a cardboard box would be more qualified. He's there because he'll do the wrong thing, not because he'll do the right thing. the politicians need someone willing to do what helps them, and not what could be considered doing "a good job".

Wait a second, this guy is standing behind a decision he made?

Someone is holding themselves accountable?

This must stop right now!

Let me help you understand numbers, the basic fundamentals of math:

One thousand: 1,000
One million: 1,000,000
One billion: 1,000,000,000
One trillion: 1,000,000,000,000

Now that I've educated you, can you please tell me that costofwar.com estimate again?

What the hell are you talking about?

Barry nominated Bernanke to a second term as chairman of the Federal Reserve, he had the option not to. It took 3 votes to get him reappointed and it was the Republicans that stood firm with the 18 nay votes while the Democrats played politics and switched 9 votes after the first 2.

What "shit" started 15 months after he took office?

So you are just gonna print off another 600 billion. Didn't learn the first time around eh ?

teenage hearthrob bernanke. another 600 billion ?

Do you think any of the constant bitching you're doing on these forums, and worrying you're doing about the US / global economy is going to change your life in the slightest?

Quit bitching, roll with the times, and get to work.

I misspoke ? but I rejoice in that ? I gave you an opportunity to feel so important.

You are now a legend in your own mind ...

This thread reminded me of the old number differences.

"Americans use billion to mean one thousand million (1,000,000,000), whereas in the UK, until the latter part of the 20th century, it was used to mean one million million (1,000,000,000,000)."

The tax breaks he came up with didn't work, he gave tax breaks to people buying hybrids, yeah, they have a bigger carbon footprint to build because of the caustic batteries needed than that of a regular car.
And there was the tax breaks for Chevy to build the Volt, that cost more than a regular family can afford.

here's a really good article
http://www.washingtontimes.com/news/...mulus-failure/

the first stimulus was based on infrastructure funding and tax cuts

what exactly do you want the government to do, nothing?

that would be an improvement.

"$600 Billion is not that much really — we blew $741 TRILLION in the Iraq War debacle."

That's not misspoken sir...you literally thought we had spent over 1,000 times the proposed $600 billion plan on the Iraq War alone. Now that you understand it's not that much less than we've spent on a war that's lasted several years, you might take it more seriously. Carry on.

doesn't seem like any of these idiots have any clue or confidence in what they are doing. they all have ideologies formed during the post-war bubble and have no clue what to do for sure in the current environment. making this a left right issue is for simpletons.

read the link I posted, they should have done it a lot differently, it was made to stimulate the economy, it failed, so he wants to try again

Have you seen South Park? You're totally Captain Hindsight. :1orglaugh

http://images2.wikia.nocookie.net/__...nHindsight.jpg

Meh, 99% of people are Captain Hindsight...much easier than being Superman.

Like Obama saying we have Shovel ready projects, which worked in the depression, but can't work now because bureaucracy, Barry didn't take that into account because his advisers didn't think about that, Ben Bernanke being one of those advisers

Do you think they have an idea the "MIGHT" work this time?:1orglaugh

Not true, I loved when he said he wouldn't go after pot users in California.

And for his agenda, most of it I thought was a really good idea, just not executed for shit

I want healthcare to work, just don't think that a law that excludes the people that wrote it is worth a shit, along with several other companies and one local teachers union

I love he pulled most of us out of Iraq, why not all of them? and why are we still in Afghanistan?

I loved that he wanted to end don't ask don't tell, but he changed his mind on that.

I loved that he wanted to end ear marks and let a bill run on it's own merit, that didn't go to well for him.

I believed like most that the stimulus was a good idea, except for the fact that it was done in Japan 10 times and didn't work

I think he's a good speaker, except during a speech, I would love to see him look at the camera

I love that he wants bipartisanship, he just doesn't practice it, when conservatives form a protest group, he called them tea baggers, not very presidential.

I could go on?

the Federal Reserve is a cancer on society.

Care to elaborate?
Ending the wars and pulling everyone out is republican?
Having healthcare that covers everyone is republican?
Don't Ask Don't Tell, ending it was promised by Barry. I think it should be ended, is that a republican thing?
Ending earmarks was promised by Barry. I don't think it will happen anytime soon, but it was promised and it sounded pretty good.
Japan did 10 stimulus packages, it didn't work, thats republican?
Gop and Democrats working together is a good thing for the Republicans?
I think that it's better for everyone!

As for the speeches, sorry, not making eye contact is just something that bothers me

Because the power-elite want him there. Simple as that.

The Federal Reserve is a private entity .. it's as federal as Federal Express ... few people truly realize that, though many more are learning about it through various news stories and word of mouth from vocal activists.

The President, and other politicians, by and large, are puppets - they do what the power-elite want. Look at how little President Obama has accomplished - it's not for a lack of trying, but rather he has far less control than many people assume he, and past Presidents for that matter, has.

Ron

Again, my complaint is not about the idea behind it, it's the leadership in the way it's executed
http://online.wsj.com/article/SB1000...938527666.html

More than half of the 1.4 million borrowers approved for temporary modifications have fallen out of HAMP because they didn't qualify.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Well maybe this is why; I dunno but makes sense to me! Someone told me this via email but I have not checked it's veracity!

KFC has announced an addition to their chicken dinners. It's called the Obama Cabinet Bucket Dinner which consists of nothing but left wings and assholes.

The pelosi meal has two big thighs and two small breasts