Bernanke Hits Back at Critics of Bond Plan

Nov 18, 2010 | Posted by: roboblogger | Full story: Fox News

Federal Reserve Chairman Ben Bernanke is seeking to defuse criticism of the Fed's $600 billion bond-purchase plan by arguing that it's needed to boost the economy and reduce unemployment.

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“President DOWNGRADE..Ha Ha Ha!”

Since: Sep 09

Tavares, FL

#1 Nov 18, 2010
Bernacke's debt bomb does neither of what he claims. He's MANIPULATING OUR CURRENCY as Obama points at China for Manipulating theirs!

“President DOWNGRADE..Ha Ha Ha!”

Since: Sep 09

Tavares, FL

#2 Nov 18, 2010
The new president in 2013 needs to fire Bernacke in Jan 2013.

“President DOWNGRADE..Ha Ha Ha!”

Since: Sep 09

Tavares, FL

#3 Nov 18, 2010
Warren Buffett Says QE2 IS Dangerous

On CNBC, Warren Buffett discussed his op-ed in the NYT, the bailout, and the state of current economic policy.

On QE2 he says, yes, there is a danger if it creates psychological fears about the future of money.

And as for fiscal stimulus, hes not concerned about imminent austerity under the GOP Congress. The spending cuts have to be done we need to get debt-to-GDP to around 3% soon.
Ross

Lady Lake, FL

#5 Nov 19, 2010
This action will devalue the dollar and increase inflation. Citizens will experience a tax increase that will make the Bush tax cuts look like chump change.
Don Joe

Minneapolis, MN

#6 Nov 19, 2010
Ross wrote:
This action will devalue the dollar and increase inflation. Citizens will experience a tax increase that will make the Bush tax cuts look like chump change.
for most people, the bush tax cuts were chump change. If you consider that taxes didn't go down, they only moved to different people, taxed in different ways, it was a big tax increase. Just remember, his massive spending has to be paid for. Taxes are guaranteed to rise, if for nothing else, to pay the interest on the wasteful bush spending.(No, that does not make bush a liberal.)
Ross

Lady Lake, FL

#7 Nov 19, 2010
Don Joe wrote:
<quoted text>
for most people, the bush tax cuts were chump change. If you consider that taxes didn't go down, they only moved to different people, taxed in different ways, it was a big tax increase. Just remember, his massive spending has to be paid for. Taxes are guaranteed to rise, if for nothing else, to pay the interest on the wasteful bush spending.(No, that does not make bush a liberal.)
The democrates have been in charge of spending since 2006. The debt has taken a significant jump during that period of time.

If you think revenues from a tax increase will be used to reduce the debt, I have an attractive bridge for sale. Democrats will spend it as fast as it hits the treasury. Democrats have been big spenders for 50 years. Democrats pissed away $812 billion on the stimulus plan and where are the jobs?
Obama Audacity of Failure

United States

#8 Nov 19, 2010
Don Joe wrote:
<quoted text>
for most people, the bush tax cuts were chump change. If you consider that taxes didn't go down, they only moved to different people, taxed in different ways, it was a big tax increase. Just remember, his massive spending has to be paid for. Taxes are guaranteed to rise, if for nothing else, to pay the interest on the wasteful bush spending.(No, that does not make bush a liberal.)
Biggest bunch of hogwash I have ever heard! Tax breaks chump change? Bush liberal policies not liberal? It's like saying a thief stole a candy bar so he is not really a thief and therefore it justifies the liberals robbing a bank!!!!

Chump Change? That chump change makes the wheels of the economy go around! All you worried about is "He worked harder took more risk, I should get the money he earned!"

What you don't realize is the money earned goes into making more jobs and moving the economy!!

What liberals can't comprehend is, there is a finite amount of money in the system! It isn't about who has the money but who is MOVING the money!!! MOVING money moves the economy! WEALTH REDISTRIBUTION LOCKS THE ECONOMY!

Bad economic moves by Bernanke, Health care legislation, Cap and Trade, government buyouts of private industry (Union Buy Outs), student loans, MASSIVE MASSIVE bail outs(Legislative bribe money), energy policies, and constant vilification of those who work, risk their levelly hood and contribute to jobs and the economy,.....and on and on...ALL have but the foot on the economy of this country!!!

This country is TRYING to stand up! An every time it gets a knee up, it is kicked back down by Obama and his army of liberals!!!

This economy is like a race hoarse at the starting gate! Problem is Obama has a horse blocking the gate!!!!

KILL the health care legislation! It is not about health care but about a 20% increase in government. look at fixing the 10 main items in health care not a library of new government, laws, controls, taxes, and failed institutions!!!

RETURN left over stimulus money!

KILL the Bernanke Bond debacle which we CANNOT afford!

Make Bush tax cuts PERMANENT!!!

STOP BURNING MONEY LIKE IT IS FIREWOOD!!!!!!

If Obama said "I will stop fii&%ing with industry, taxes and people, let free markets do their thing, repeal health care, fix a few small things like buying insurance across state lines, preexisting conditions, and just a few other critical things, stop kicking business owners and energy companies in the groin....

If he did that! The economy in this country would take off like they moved the truck away from the gate in front of the race horse!!!

Bush not a liberal, G'me a f&^%ng break! You define it that way because you know he was and it works against you!

Since: Dec 08

Medina, TX

#9 Nov 19, 2010
Ross wrote:
This action will devalue the dollar and increase inflation. Citizens will experience a tax increase that will make the Bush tax cuts look like chump change.
It is not so much a tax increase as a cost increase that this 600 billion will cause. It is already starting. Check out the cost of groceries and tell yourselves that inflation isn't really happening.
Don Joe

Minneapolis, MN

#10 Nov 19, 2010
Ross wrote:
<quoted text>
The democrates have been in charge of spending since 2006. The debt has taken a significant jump during that period of time.
If you think revenues from a tax increase will be used to reduce the debt, I have an attractive bridge for sale. Democrats will spend it as fast as it hits the treasury. Democrats have been big spenders for 50 years. Democrats pissed away $812 billion on the stimulus plan and where are the jobs?
I bet you do have a bridge for sale. You bought it when bush took over the nation and now you want your money back. Sorry, I won't be buying your nonsense.

If you think the democrats are the big spenders, then why are they outdone each and every time a republican gets in the white house?

bush spent trillions of dollars shipping our jobs to China and you think they can be bought back with 812 billion? I don't see them lining up to sell us our jobs back.
Obama Audacity of Failure

United States

#11 Nov 19, 2010
Don Joe wrote:
<quoted text>
I bet you do have a bridge for sale. You bought it when bush took over the nation and now you want your money back. Sorry, I won't be buying your nonsense.
If you think the democrats are the big spenders, then why are they outdone each and every time a republican gets in the white house?
bush spent trillions of dollars shipping our jobs to China and you think they can be bought back with 812 billion? I don't see them lining up to sell us our jobs back.
Gawd, your a piece of work! Every major f*&ed up democratic policy wash Bushes fault! What a tool!

NO ONE holds a candle to Obama's burning of money!!! NO ONE!!! All for politics and power!!! He doesn't give a DA&^ about you or me!!
Don Joe

Minneapolis, MN

#12 Nov 19, 2010
Obama Audacity of Failure wrote:
<quoted text>
Biggest bunch of hogwash I have ever heard! Tax breaks chump change? Bush liberal policies not liberal? It's like saying a thief stole a candy bar so he is not really a thief and therefore it justifies the liberals robbing a bank!!!!
Chump Change? That chump change makes the wheels of the economy go around! All you worried about is "He worked harder took more risk, I should get the money he earned!"
What you don't realize is the money earned goes into making more jobs and moving the economy!!
What liberals can't comprehend is, there is a finite amount of money in the system! It isn't about who has the money but who is MOVING the money!!! MOVING money moves the economy! WEALTH REDISTRIBUTION LOCKS THE ECONOMY!
Bad economic moves by Bernanke, Health care legislation, Cap and Trade, government buyouts of private industry (Union Buy Outs), student loans, MASSIVE MASSIVE bail outs(Legislative bribe money), energy policies, and constant vilification of those who work, risk their levelly hood and contribute to jobs and the economy,.....and on and on...ALL have but the foot on the economy of this country!!!
This country is TRYING to stand up! An every time it gets a knee up, it is kicked back down by Obama and his army of liberals!!!
This economy is like a race hoarse at the starting gate! Problem is Obama has a horse blocking the gate!!!!
KILL the health care legislation! It is not about health care but about a 20% increase in government. look at fixing the 10 main items in health care not a library of new government, laws, controls, taxes, and failed institutions!!!
RETURN left over stimulus money!
KILL the Bernanke Bond debacle which we CANNOT afford!
Make Bush tax cuts PERMANENT!!!
STOP BURNING MONEY LIKE IT IS FIREWOOD!!!!!!
If Obama said "I will stop fii&%ing with industry, taxes and people, let free markets do their thing,....
If he did that! The economy in this country would take off like they moved the truck away from the gate in front of the race horse!!!
Bush not a liberal, G'me a f&^%ng break! You define it that way because you know he was and it works against you!
What are you trying to say???

I am not an Obama supporter. Just because I don't like bush doesn't mean I like Obama. I want something different than corporate ownership of America.

He who??? worked harder than whom? The rich don't work and you know it. Just try starting a business sometime and tell me how that works for you. Who risks more, the entrepreneur who puts up his life savings, goes without health care, puts up his retirement that he scrimped and saved for decades, re-mortgages his house and will out on the street if this fails, or the investor who puts in a small amount of pocket change? Then why does the pocket change end up garnering 95% of the profits?

Wealth re-distribution locks the economy? Why yes, it is doing that. The re-distribution of wealth from the middle class to the rich has destroyed demand for products and our economy is crashing.

Why do you care about a 20% increase in government when you said nothing about bush's 75% increase in government due to his creation of home boy security. The bureaucracy bush created makes sure we have no security at all.
The economy is like a race car, bush left it destroyed in the ditch and the GOP in congress won't let us even call a tow truck.( You can spend your way out of debt, so don't fix the car. lol, the GOP will believe anything.)

Free markets? When and were can we find those? Take your king's statements (greenspan) about his primary goal at the head of the federal bank. He openly said he would slow the economy every time wages or benefits increased. Effectively destroying the demand for labor, to keep wages low. NO free market at all.

You only claim bush is liberal because you have seen the results of conservative principals and they are a disaster so you need a scapegoat. No liberal supported his policies.

“Truth to Power!”

Since: Apr 07

Wake Forest, NC

#13 Nov 19, 2010
Bernacke has become part of the Problem.
Obama Audacity of Failure

United States

#14 Nov 19, 2010
Your a joke Don Joe, the stuff you say is so stupid it's not worth the time!
Swen Goolie

Marshall, MN

#15 Nov 19, 2010
Don Joe wrote:
<quoted text>
I bet you do have a bridge for sale. You bought it when bush took over the nation and now you want your money back. Sorry, I won't be buying your nonsense.
If you think the democrats are the big spenders, then why are they outdone each and every time a republican gets in the white house?
bush spent trillions of dollars shipping our jobs to China and you think they can be bought back with 812 billion? I don't see them lining up to sell us our jobs back.
The job really started shipping overseas during the Carter Administration,and have continued since then. Printing and/or borrowing money, will not bring them back. We need tax policy at the state and federal level which makes it attractive to locate factories here. We also need a realistic environmental policy so that it does not take years of work to get permission to build a new plant. We need to figure out some way to control costs of damages if a company, in good faith, follows all of the accepted practices and procedures, and it is later determined that whatever they were producing was harmful, if the best science available did not indicate that at the time.
Swen Goolie

Marshall, MN

#16 Nov 19, 2010
Don Joe wrote:
<quoted text>
What are you trying to say???
I am not an Obama supporter. Just because I don't like bush doesn't mean I like Obama. I want something different than corporate ownership of America.
He who??? worked harder than whom? The rich don't work and you know it. Just try starting a business sometime and tell me how that works for you. Who risks more, the entrepreneur who puts up his life savings, goes without health care, puts up his retirement that he scrimped and saved for decades, re-mortgages his house and will out on the street if this fails, or the investor who puts in a small amount of pocket change? Then why does the pocket change end up garnering 95% of the profits?
Wealth re-distribution locks the economy? Why yes, it is doing that. The re-distribution of wealth from the middle class to the rich has destroyed demand for products and our economy is crashing.
Why do you care about a 20% increase in government when you said nothing about bush's 75% increase in government due to his creation of home boy security. The bureaucracy bush created makes sure we have no security at all.
The economy is like a race car, bush left it destroyed in the ditch and the GOP in congress won't let us even call a tow truck.( You can spend your way out of debt, so don't fix the car. lol, the GOP will believe anything.)
Free markets? When and were can we find those? Take your king's statements (greenspan) about his primary goal at the head of the federal bank. He openly said he would slow the economy every time wages or benefits increased. Effectively destroying the demand for labor, to keep wages low. NO free market at all.
You only claim bush is liberal because you have seen the results of conservative principals and they are a disaster so you need a scapegoat. No liberal supported his policies.
The liberals in Congress continued his policies, and had the phone for the tow truck. The problem may not have started with Bush, but the current President, and newly defeated Congress did nothing to reverse the policies. While you are picking on the "wealthy" who don't work. Who do think lost a ton of money when GM went bankrupt. There many working class people who had there money invested in GM stock, including autoworkers, who lost every dime they had invested. Did you mother never tell you that just because someone else did something, it doesn't make it right? Debt and deficit was wrong under Bush, and is wrong now.
Swen Goolie

Marshall, MN

#17 Nov 19, 2010
Should be may have started with Bush, although, as these things are cyclical, it began before him.
Don Joe

Minneapolis, MN

#18 Nov 19, 2010
Swen Goolie wrote:
<quoted text>
The job really started shipping overseas during the Carter Administration,and have continued since then. Printing and/or borrowing money, will not bring them back. We need tax policy at the state and federal level which makes it attractive to locate factories here. We also need a realistic environmental policy so that it does not take years of work to get permission to build a new plant. We need to figure out some way to control costs of damages if a company, in good faith, follows all of the accepted practices and procedures, and it is later determined that whatever they were producing was harmful, if the best science available did not indicate that at the time.
I agree that simply printing and/or borrowing money won't bring the jobs back. Neither will giving more tax breaks to the wealthy.

I spoke with a friend a few years back. He owned and operated a metal fabrication shop for most of his adult life, successfully for over 30 years. He had a few employees and made a good living. One day he went to the local grocery store and saw some metal cooking pots for sale. Since making metal products was his business he inspected the pots. The material was of good quality, the workmanship was very good. The sticker on the bottom said "Made in China." Then he noticed the retail sale price was less than he could buy the raw materials to make the pot.

If he paid his workers zero in wages and benefits, paid no taxes, had no investment in equipment, paid no heat, no electricity, no water, no regulations. If he only had to buy the raw materials he could not compete.

The problem is the manipulation of currency. The fix which had been in place for over 100 years was tariffs. When they were removed all our jobs went away. Removing them was flat out stupid.

Maybe regulations are not just what they need to be. Perhaps our tax code could use an overhaul. Perhaps we need to be able to build factories with less red tape. But unless we can level the playing field, no one will build any factories because they will fail unless we put tariffs back in place.

The longer the tariffs are gone, the more damage done to the middle class.

Since: Nov 08

Location hidden

#19 Nov 19, 2010
Bernanke and Greenspan are both responsible for all of this angst and they are both pieces of shit that should be in jail with Madoff.
Don Joe

Minneapolis, MN

#20 Nov 19, 2010
Swen Goolie wrote:
<quoted text>
The liberals in Congress continued his policies, and had the phone for the tow truck. The problem may not have started with Bush, but the current President, and newly defeated Congress did nothing to reverse the policies. While you are picking on the "wealthy" who don't work. Who do think lost a ton of money when GM went bankrupt. There many working class people who had there money invested in GM stock, including autoworkers, who lost every dime they had invested. Did you mother never tell you that just because someone else did something, it doesn't make it right? Debt and deficit was wrong under Bush, and is wrong now.
The liberals in congress continued his policies. I would argue the democrats in congress continued his policies, not liberals. Continuing bush's polices pretty much means you are not a liberal.

That leaves plenty of fodder to argue with democrats. They need to be held accountable for the continuation of bush policies.

While it is true the current problems did not start with bush, they started with Reagan. His voodoo economic policies have created the devastation they were designed to create. The wealth of the middle class is being given to the rich. Many have worked long and hard their whole lifetimes only to see everything just being handed over to the rich who never worked a day in their lives.

Who lost when GM crashed? Yes, it was the workers, not the wealthy.

Debt and deficit were wrong under bush because bush just threw our money away. Debt and deficit for the sake of debt and deficit are wrong. Debt for the sake of an investment isn't always wrong. For example, going into debt to get a college education and earn more money for a lifetime isn't necessarily wrong. Proper investments can pay for themselves.

I want proper investments in restoring our economy now. People know how to do this. It is not rocket science. If you wanted to start a business you might borrow the capital needed to get started and make a fortune. That means you have to borrow to get it going. The same is true for our economy. There are a great many companies ready and waiting to get started if there were any capital available. There are more innovations than one can imagine just waiting, but there is no money to get started.

I am not saying Obama is making those kinds of investments. It doesn't appear to me that he is. That is one of the many reasons I don't support him.

Since: Nov 08

Location hidden

#21 Nov 19, 2010
I love it when Ron Paul slaps that smelly ugly greasy bald prick in his stupid ugly smelly greasy cheesy bald head everytime Berndouche has to testify. I just love it. Want more of it.

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