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08-25-2009, 09:37 AM #1
Obama taps Bernanke for second term
Obama taps Bernanke for second term
President Obama announced Tuesday that he plans to nominate Ben Bernanke to a second term as head of the Federal Reserve.
"Ben Bernanke, has led the Fed through the one of the worst financial crises that this nation and this world have ever faced," Obama said from Martha's Vineyard, Mass., as Bernanke stood by his side. "As an expert on the causes of the Great Depression, I'm sure Ben never imagined that he would be part of a team responsible for preventing another."
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08-25-2009, 09:53 AM #2
"As an expert on the causes of the Great Depression, I'm sure Ben never imagined that he would be part of a team responsible for CAUSING another."
There I fixed that for ya!!
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08-25-2009, 10:15 AM #3
Thank you! I was hoping I wasn't the only one who caught that!
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08-25-2009, 12:02 PM #4
I hope not ... I wish more Americans would wake up and see what a crock of shizzz the FED really is. I just can't believe people buy into it and think it's a good thing!
Buncha Crap if you ask me!
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08-25-2009, 12:35 PM #5
Agreed...and did you notice in the article Bernanke said "The Federal Reserve like other economic policymakers has been challenged by the unprecedented events of the past few years." The Fed isn't supposed to be a policymaker! That's the whole problem.
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08-25-2009, 01:27 PM #6
Yeah it's rediculous with them!!! And what exactly have they been challenged with?
Given the more than $1 trillion the Fed has printed to get the credit markets moving, there's a renewed focus on watching for signs of inflation.
That part is hilarious right there .... let's see, we'll print $1 trillion dollars out of thin air, and then focus on watching for signs of inflation??? isn't it common sense that inflation is there??
Jeesus I wish there was a way to shut these crooks down!!
oh and if you vote in the poll ... which i did ... 75% say he should be re-appointed!!! Where is the option "Should the Federal Reserve be shut down"??????
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08-25-2009, 01:35 PM #7
Oh I know...do they not think printing $1 trillion might have caused a tad bit of the inflation...or 90% of it? That statement alone should immediately result in a firing.
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08-25-2009, 02:13 PM #8
HA! I know right .... Economics 101 my friend. It's obivous these guy's were too busy gettin high when they shoulda been paying attention in school!
The question is ... what in the world can be down to shut down the Federal Reserve!
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08-25-2009, 05:55 PM #9
come on now, this current situation isn't even close to a comparison of the Great Depression. People are still buying new cars, going on vacations, going to sporting events, buying up boxes and cases of trading cards, living life to the fullest. I hate how people try and say that the times today are so tough, they're just being over-dramatic
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08-25-2009, 06:02 PM #10
Must be nice ....
and I bet those same people have $100,000 in credit card debt, and within a few years will be filing for bankruptcy. Maybe not, but I'd be willing to bet on it!
and it's not really just the fact that times are tough. The Federal Reserve is a joke in itself, bunch of good for nothing bankers that want to line their pockets while the rest of us squeek by. I ask you to give me ONE .. just ONE ... good thing the Fed has ever been involved in without having an alterior motive (just incase you say leaving interest rates at an all time low for a few years so people could buy houses.)
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Originally Posted by JeRmZ 
