Bernanke: Stimulus appropriate

[mtlebrun]

Throwing money at a problem with no oversight is an exteremly bad idea.

[lesscunning]

Bernanke should not be an advocate for FISCAL policy. becuz its a HORRIBLE idea.

[readthepaper]

The Federal Reserve should not even exist and all any of this intervention will do is make this coming depression more severe and longer lasting. If people like Bernanke were right then Zimbabwe would be the wealthiest nation on earth.

[roadrash76]

We are so fucked.

[fmcorsil01]

What we need is credit to buy houses, credit to refinance houses, credit to build houses thats hower are going to create employment, ...why these asshole and giving money without control I dont understand!! and now credit is more restricted to everybody!

[DarthMai]

People must be ready to slowly lose their freedoms slowly as more power is given to the Federal Government , using the treasury to control our lives.

[DarthMai]

The new term for Bailout is Stimulus.

[roadrash76]

Correct.

[DarthMai]

Bush, Bernanke and Paulson have laid the foundation for Obama to make it easier for the Federal government to control financial markets, housing, car industry and banking. Since Federal treasury does not make money, all they do is print money and create inflation, increasing prices of all goods and services and will widen the poor and lessen the middle class. The rich like Warren Buffet will be protected because they are already in the system. value of the dollar will drop.

[musclegrab]

we need to stabilize the dollar by setting its value to an amount of a stable commodity like gold.

In this deflationary environment, that means printing dollars and using those dollars to buy back US government debt. And there's ten trillion to buy back.

When things recover, and the value of the dollar starts to decrease below the set value of gold, we need to start to start selling that debt, which will take dollars out and keep us from deflating or inflating.

[Kogerii]

I wanna see him dead.

The Fed engineered this depression by lowering then raising interest rates. He says the measures taken must be careful as if it's a delicate procedure. Oppression doesn't promote prosperity. Freedom does. If rivals to the Fed were allowed to trade their wares (Liberty dollars, e-gold, whatever) we wouldn't be bound to these fucking thieves.

[Martintfre]

Replace the income tax with the federal reserves printing press.

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Hey - that is a better economic fantasy then giving all that cash to incompetent friends of high government officials.

[UniqueExposures]

These stimulous checks will NOT do anything, simply because people will NOT spend these in the market. Thet will use it to pay bills and try to pull themselves out the debt pit. The FED just needs to go, they are the problem. They are not even a listed federal agencey, does that not make you wonder? Were in this mess because ppl have lived well beyond there means for yrs on credit far exceeding there income.

[mikeman7707]

I totally agree that just printing a lot of greenbacks just ain't gonna solve the problem. Some people just need to learn how to manage their money better and stop shipping so many jobs overseas.

[SyphonMedia]

End The Fed!

[CyclingKuta]

"There is a lot of uncertainty right now"

It happened b/c banks made bad choices, so they should go out of business or be bought by banks that made better choices by not investing in ARM's like Wells Fargo.

GOOD IDEA LETS BUY THE BANKS THAT ARE FAILURES, HMMM I SMELL ANOTHER AMTRAK

[Nintenfox]

Don't print no money, look what happened to 1940s Germany.

[dcs5150]

Bernanke you TOUCH-HOLE ! If printing money worked, none of us would need jobs, you prick !

[TommyDelicious]

ben bernanke should kill himself.

[toolshed333]

The best government stimulus package would be to just lower taxes.

[Tygryss84]

i'd say - fire 1/2 of them - that would stimulate them - maybe then they would pay atention to what is happening (what they should be doing)