Tuesday

I cannot even articulate how silly this is!

Okay... let's run through the facts.

1. This from a Yahoo News headline: the White House is predicting a 10-year federal deficit of $9 trillion more than the sum of all previous deficits since America's founding. And it says by the next decade's end the national debt will equal three-quarters of the entire U.S. economy.

2. Elsewhere I read: President Obama said he's keeping Ben Bernanke on as federal reserve chairman because Bernanke averted disaster. "Ben approached a financial system on the verge of collapse with calm and wisdom, with bold action and out-of-the-box thinking that has helped put the brakes on our economic free fall,"

3. Now consider that every prediction for such things as the unemployment rate, inflation, the price tag for the stimulus spending, etc., has been lowballed or understated! In other words they've all fallen far short of telling how bad it REALLY is!

BUT NOWHERE DOES ANYONE ACKNOWLEDGE THAT GOVERNMENT CAUSED ALL THIS CRAP!!!!!!!

In my view Bernanke should be arrested as some sort of economic terrorist...but NOOOO he gets presidential accolades and probably a pay raise and bonus! The Fed should be immediately dismantled, and government should get the hell out of soviet style centralized economic planning !!!

Rant over [whew]

1 comment:

Western Mass. Man said...

We may be able to use that to prosecute this admin once they're out of office. I can't wait.