Ben Bernanke Lies

[asur]

There is no recovery coming in the forseeable future.
Ben knows it, but he is in cahoots with Obama and decided to lie today
about the US economy. Maybe they think they can instill confidence,
but there is no reason to lie. It's a joke, not an economy.

Obama will be sending more money to banks in the next few months to make them safer and look like they are stable. US banks are not stable and are worse then the public knows.


The US is losing alot of jobs that will never come back, never.
Are they solving this problem? please...

 

[Pandora]

There is no recovery coming in the forseeable future.
Ben knows it, but he is in cahoots with Obama and decided to lie today
about the US economy. Maybe they think they can instill confidence,
but there is no reason to lie. It's a joke, not an economy.

Obama will be sending more money to banks in the next few months to make them safer and look like they are stable. US banks are not stable and are worse then the public knows.


The US is losing alot of jobs that will never come back, never.
Are they solving this problem? please...

The stock market has picked up but I keep hearing it will fall again. I dont know.

I know things are getting worse for me. This is by far the worst things have ever been for me in my adult life and starting July 1st we will lose more money because work is cutting back. They just admitted things are worse at work than they first thought so our cuts are going to be far bigger than first thought.

 

[Mr. Shaman]

There is no recovery coming in the forseeable future.

Obama will be sending more money to banks in the next few months to make them safer and look like they are stable.

The US is losing alot of jobs that will never come back, never.

 

[Mr. Shaman]

I know things are getting worse for me. This is by far the worst things have ever been for me in my adult life......

Hey, c'mon.....show a little gratitude!

There are a lotta people....who put a lotta effort....into developing the present-economy!!!!​

 

[top gun]

There is no recovery coming in the forseeable future.
Ben knows it, but he is in cahoots with Obama and decided to lie today
about the US economy. Maybe they think they can instill confidence,
but there is no reason to lie. It's a joke, not an economy.

Obama will be sending more money to banks in the next few months to make them safer and look like they are stable. US banks are not stable and are worse then the public knows.


The US is losing alot of jobs that will never come back, never.
Are they solving this problem? please...

Soooooooo even when people like Billionaire Warren Buffett and Fed Chair Ben Bernanke who are as plugged in as anyone can get to our economy say President Obama is doing the right things applying countercyclicial forces and predict economic growth by the end of 2009...

you're still so bitter for screwing up the economy & loosing power you root against your home team.

Got it!

I mean I guess it's the only game the Conservatives got... they lost so much power they can't even play the obstructionist card anymore... so now they just whine & root against the home team. Sad...

Warren Buffett: Government Doing Right Things
Published: Saturday, 2 May 2009
by Alex Crippen

Warren Buffett says this morning (Saturday) the U.S. government is "doing the right things" to help the economy recover.

Speaking to the AP just before the start of Berkshire Hathaway's annual shareholders meeting in Omaha, Buffett says President Obama's administration is "acting in a countercyclical manner."

 

[Mr. Shaman]

There is no recovery coming in the forseeable future.
Ben knows it, but he is in cahoots with Obama and decided to lie today
about the US economy. Maybe they think they can instill confidence,
but there is no reason to lie. It's a joke, not an economy.

Obama will be sending more money to banks in the next few months to make them safer and look like they are stable. US banks are not stable and are worse then the public knows.

Ya' better check the batteries in your Crystal Ball.


​

"The Obama administration's plan to "stress-test" 19 large banks is yielding benefit$ even before the findings are released tomorrow.

The announcement of the tests in February roiled the markets initially. But the 12-week wait for results has since provided a respite, allowing investors to breathe deeply and giving time for a raft of federal rescue programs to start showing results.

The banks, eager to demonstrate that they don't need more federal aid, have spent the time racing to get stronger. The healthiest banks, such as Goldman Sachs and J.P. Morgan Chase, have tried to show that they can walk without government crutches, for example by issuing debt without federal assistance. Weaker banks such as Citigroup have agreed to sell valuable business units and moved with greater urgency to offload troubled assets.

But in persuading investors to wait patiently for the results, the Obama administration has already succeeded in achieving a goal that largely eluded its predecessor.

"The administration gets full credit for designing and communicating that there would be a new mechanism to determine needs across the system. This was a sophisticated way to establish a timetable that was readily understandable to the market," said David Nason, a Treasury aide in the Bush administration who now works for Promontory Financial."​

​

 

[Dr.Who]

Of course there is a recovery coming. Recessions only last so long - 2 years on average. And this downturn is not even that bad as they go. Unemployment is not hat bad. The shrinkage of the economy is marginal and we might not even have had two consequetive quarters of shrinkage which was the definition of a recession until the government sponsored "committee" decided that a recession could be any downturn at all. There is not a single objective measure of a recession that marks this one as worse than most.

The spin doctors have made it out to be worse than it is and very soon they will making the recovery out to be more than it is. And as icing on the cake they will blame fp Bush for all that went wrong and credit p Obama for all that goes right even though much of the positive things that happens in our economy are not controllable by government action. The credit mostly belongs to the resilience of the American people who persevere and try creative solutions in the face of a bad economy and often despite what the government does.

 

[Dr.Who]

Of course there is a recovery coming. Recessions only last so long - 2 years on average. And this downturn is not even that bad as they go. Unemployment is not hat bad. The shrinkage of the economy is marginal and we might not even have had two consequetive quarters of shrinkage which was the definition of a recession until the government sponsored "committee" decided that a recession could be any downturn at all. There is not a single objective measure of a recession that marks this one as worse than most.

The spin doctors have made it out to be worse than it is and very soon they will making the recovery out to be more than it is. And as icing on the cake they will blame fp Bush for all that went wrong and credit p Obama for all that goes right even though much of the positive things that happens in our economy are not controllable by government action. The credit mostly belongs to the resilience of the American people who persevere and try creative solutions in the face of a bad economy and often despite what the government does.

 

[top gun]

Of course there is a recovery coming. Recessions only last so long - 2 years on average. And this downturn is not even that bad as they go. Unemployment is not hat bad. The shrinkage of the economy is marginal and we might not even have had two consequetive quarters of shrinkage which was the definition of a recession until the government sponsored "committee" decided that a recession could be any downturn at all. There is not a single objective measure of a recession that marks this one as worse than most.

The spin doctors have made it out to be worse than it is and very soon they will making the recovery out to be more than it is. And as icing on the cake they will blame fp Bush for all that went wrong and credit p Obama for all that goes right even though much of the positive things that happens in our economy are not controllable by government action. The credit mostly belongs to the resilience of the American people who persevere and try creative solutions in the face of a bad economy and often despite what the government does.

So shook up you posted twice eh?

I understand you are one of those head in the sand do nothing believers but this wasn't your everyday recession. The BUSH RECESSION was the worst American economic downturn since the GREAT DEPRESSION.

We could not just do nothing on this one. Even Bush was smart enough to know that. Remember he knew... he started the bailouts.

 

[Mr. Shaman]

Of course there is a recovery coming. Recessions only last so long - 2 years on average.

Let's see your proof of this "2 years, average".

The rest o' your post sounds like so much "I coulda told you so."-horsesh!t, anyhow.

​

 

[GenSeneca]

you're still so bitter for screwing up the economy & loosing power you root against your home team.

Kinda like you cheering for the deaths of American soldiers in Iraq and rooting against America in our war on terror.....

Top Gun can be seen above, he's wearing the black ski mask.

 

[Dr.Who]

So shook up you posted twice eh?

I understand you are one of those head in the sand do nothing believers but this wasn't your everyday recession. The BUSH RECESSION was the worst American economic downturn since the GREAT DEPRESSION.

We could not just do nothing on this one. Even Bush was smart enough to know that. Remember he knew... he started the bailouts.

Feel free to post some objective measure of the economy to support that statement that it WAS the worst and not just that the world bank said it COULD be the worst.

The world bank supported their position that it COULD be the worst by saying that it lasted longer and was more widespread than any other.

No measure of poverty (which was worse in the 60's the 80's and the 90's) or unemployment (which was worse in both the 70'sand the 80's) or the misery index (which was worse 17 years ago), or the drop in GDP (which was worse in 82) or any other index at all indicates that the present US downturn is worse than most others.

The traditional definition of a recession is negative growth for two consecutive quarters. Which I do not think we have had. But they changed the definition so that the downturn did not have include any negative growth and didnt have to be for two consecutive quarters. Anyone can make statments like that when they apply one definition to past recessions and a new definition to present recessions. Under the new definition any downturn is a recession. How about we go back to all the past recessions since the 30's and see if before and after them there was any downturn so that they become longer?

Is it more widespread? Could be since we have more of a world economy than ever before. But being more widespread does not make it worse. I would much rather have a widespread downturn than a national depression.

And just how is it that an almost world wide event is the responsibility of just one nation and administration? Wouldn't it be worse in the nation that caused it? Wouldn't it have started first in the nation that caused it. Wouldn't it effect all the nations that we did business with rather than just some? Foolishness. But if you do think that the US economy is the most important economy in the world and shapes world economics more than any other then perhaps we should not be allowed to fail and the rest of the world should give us a bailout instead of us giving them one. Maybe they should pay their fair share of being the worlds police (though I don't think we should do that either)?