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Author Topic: Bernanke gives nod to more government stimulus  (Read 1851 times)

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Offline Wretched Excess

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Bernanke gives nod to more government stimulus
« on: October 20, 2008, 09:53:33 AM »

it's increasingly difficult to believe that this guy is the product of a conservative administration.

Quote
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
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Offline NHSparky

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Re: Bernanke gives nod to more government stimulus
« Reply #1 on: October 20, 2008, 10:32:12 AM »
Quote from: Wretched Excess on October 20, 2008, 09:53:33 AM
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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“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.”  -Henry Ford

Offline DixieBelle

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Re: Bernanke gives nod to more government stimulus
« Reply #2 on: October 20, 2008, 11:20:31 AM »
Enough already!!!!!!! Let the damn market repair itself.
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I can see November 2 from my house!!!

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Forget change, bring back common sense.
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No, my friends, there’s only one really progressive idea. And that is the idea of legally limiting the power of the government. That one genuinely liberal, genuinely progressive idea — the Why in 1776, the How in 1787 — is what needs to be conserved. We need to conserve that fundamentally liberal idea. That is why we are conservatives. --Bill Whittle

Offline Wretched Excess

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Re: Bernanke gives nod to more government stimulus
« Reply #3 on: October 20, 2008, 11:42:11 AM »
Quote from: DixieBelle on October 20, 2008, 11:20:31 AM
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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Offline Miss Mia

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Re: Bernanke gives nod to more government stimulus
« Reply #4 on: October 20, 2008, 02:28:11 PM »
Quote from: Wretched Excess on October 20, 2008, 11:42:11 AM
it's just a doo-doo burger.


Did you seriously just post "doo-doo burger"????     :rotf: :rotf: :rotf:
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Offline Crazy Horse

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Re: Bernanke gives nod to more government stimulus
« Reply #5 on: October 20, 2008, 03:54:13 PM »
Quote from: Miss Mia on October 20, 2008, 02:28:11 PM

Did you seriously just post "doo-doo burger"????     :rotf: :rotf: :rotf:

Or as the Fillipino vixwn says "Crap sandwich"
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Quote from: Rebel on July 29, 2008, 06:11:02 PM
You got off your ass, now get your wife off her back.

Offline Wretched Excess

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Re: Bernanke gives nod to more government stimulus
« Reply #6 on: October 20, 2008, 03:58:38 PM »
Quote from: Miss Mia on October 20, 2008, 02:28:11 PM

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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Offline DixieBelle

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Re: Bernanke gives nod to more government stimulus
« Reply #7 on: October 20, 2008, 08:20:01 PM »
^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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I can see November 2 from my house!!!

Spread my work ethic, not my wealth.

Forget change, bring back common sense.
-------------------------------------------------

No, my friends, there’s only one really progressive idea. And that is the idea of legally limiting the power of the government. That one genuinely liberal, genuinely progressive idea — the Why in 1776, the How in 1787 — is what needs to be conserved. We need to conserve that fundamentally liberal idea. That is why we are conservatives. --Bill Whittle

Offline Willow

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Re: Bernanke gives nod to more government stimulus
« Reply #8 on: October 20, 2008, 09:28:08 PM »
Stimulus my Aunt Agnes, this is just a bailout for the state of California. Nancy is shrewd.
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Offline PatriotGame

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Re: Bernanke gives nod to more government stimulus
« Reply #9 on: October 20, 2008, 09:41:22 PM »
**** him - that's all I got to say.
Thank you - goodnight!
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