The Conservative Cave
Current Events => Breaking News => Topic started by: Wretched Excess on October 20, 2008, 09:53:33 AM
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it's increasingly difficult to believe that this guy is the product of a conservative administration.
Bernanke gives nod to more government stimulus
WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke told Congress Monday a fresh round of government stimulus is a good idea because there's a risk the country's economic weakness could last for some time.
Bernanke's remarks before the House Budget Committee marked his first endorsement of another round of energizing stimulus, something that Democrats on Capitol Hill have been pushing. The Bush administration, however, has been cool to the notion.
"With the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate," Bernanke said in prepared testimony to the panel.
A trio of hard blows from the housing, credit and financial crises has badly pounded the economy.
Many analysts predict the economy will shrink later this year and early next year, meeting the classic definition of a recession. Some believe the economy already jolted into reverse during the July-to-September quarter.
More (http://ap.google.com/article/ALeqM5gbB-yBIGYGpOLykwIKDn5wZrVP5wD93U91TO4)
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it's increasingly difficult to believe that this guy is the product of a conservative administration.
He's not. But it's almost like the Bush administration is taking a dump in the punchbowl in anticipation of Obama getting in the White House.
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Enough already!!!!!!! Let the damn market repair itself.
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Enough already!!!!!!! Let the damn market repair itself.
I got there, too. taking extreme measures to keep the market from crashing and most of the banks in the country from going under seemed like a necessary evil, but now we are talking about cars and credit cards, and now another "stimulus".
screw it. let go "splat". the only downside there is that president obama would have precisely the catastrophe he would need to implement every social engineering experiment that has ever been dreamed of.
it's just a doo-doo burger.
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it's just a doo-doo burger.
Did you seriously just post "doo-doo burger"???? :rotf: :rotf: :rotf:
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Did you seriously just post "doo-doo burger"???? :rotf: :rotf: :rotf:
Or as the Fillipino vixwn says "Crap sandwich"
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Did you seriously just post "doo-doo burger"???? :rotf: :rotf: :rotf:
someone was in my office that has a strong "no-potty mouth" influence on me :-), even subconsciously, it would seem.
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^ROFL! We just say, "the crap fairy was here and she left you a present..."
You're right, this is exactly the kind of "disaster" the liberals need to ram their scary socialist agenda down our throats. We're well and truly screwn. ;-)
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Stimulus my Aunt Agnes, this is just a bailout for the state of California. Nancy is shrewd.
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**** him - that's all I got to say.
Thank you - goodnight!