Federal Reserve Chairman Ben Bernanke: U.S. could soon face a debt crisis like the one in Greece
In other words, You Dems Are Turning America Into Greece, and the central bank is not going to help you by printing money to pay for the ballooning federal debt that you’re creating.
Will the Dems get the hint? Sorry, foolish question, just thought I’d ask for the hell of it.
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Could See This Coming!
In the companion piece to this post, Couldn’t See That Coming!, we noted that the United States Department of the Treasury, run by tax evader Timothy Geithner, has decided to institute wage controls at those companies that accepted large amounts of TARP money; TARP is the Troubled Asset Relief Program… that is, the Wall Street [...]
Greenspan says unemployment will top 10 percent
Former Federal Reserve Chairman Alan Greenspan predicted on Sunday that the jobless rate will pass 10 percent and stay there for a while, and a second stimulus plan is not needed now.
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Obama will reappoint Bernanke
President Obama plans to nominate Federal Reserve Chairman Ben Bernanke to another term tomorrow. Bernanke is controversial among conservatives (and leftists too, I imagine). However, he strikes me as an extremely able economist/bureaucrat who has made mostly good decisions under very difficult circumstances.
So I applaud Obama for reappointing Bernanke. [...]
