Obama throws Ben Bernanke under bus?, Obama fired Bernanke on the spot, He’s already stayed a lot longer than he wanted or he was supposed to, Uncertainty over economy
“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.” …James Pethokoukis, American Enterprise Institute, June 2013
“Private sector employment increased by 119,000 jobs from March to April, according to the April ADP National Employment Report….The March report, which reported job gains of 158,000, was revised downward to 131,000 jobs.”...ADP May 1, 2013
“Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”…George Orwell, “1984″
Did Obama just throw Ben Bernanke under the bus?
From Market Watch June 19, 2013.
“Obama’s ‘firing’ of Fed chief Bernanke strikes a nerve”
“Like the subject of his comments, President Obama’s sparse words to Charlie Rose about Federal Reserve Chairman Ben Bernanke were almost uncanny in their ability to send Fed watchers into a state of convulsion.
In an interview that aired Tuesday morning, Obama said of the economist who’s led the U.S. central bank since 2006: “He’s already stayed a lot longer than he wanted or he was supposed to.” And later that day, former Fed governor Laurence Meyer provided his commentary: “He essentially fired Ben Bernanke on the spot and gave him a fairly tepid testimonial afterward.”
Whether or not that’s true, the reactions to Obama’s comments certainly struck a nerve, and that speaks to the lack of certainty over the economy after Bernanke’s departure. (Learn about seven top candidates to succeed Bernanke as Fed chief.) Bernanke’s likely exit has been on the radar for some time, but Tuesday’s developments forced Fed watchers to start seriously considering a post-Bernanke era.
Pimco’s Mohamed El-Erian tackled the issue of life after Bernanke in a commentary Tuesday. He noted that the next Fed chair won’t have a lack of challenges on his plate:
“He leaves his successor with a set of unprecedented and unresolved problems to contend with, from weaning the economy off life support to navigating the consequences of an unusually large balance sheet. And with so much uncertainty about the success of the Bernanke way, econ textbooks and quarterly unemployment figures just don’t hold enough answers to how his stewardship of the U.S. economy will play itself out in the years ahead.””
From commenter RMinNC today.
“Rep. Alan Grayson questions the FED inspector General where $9 TRillion dollars went… and Inspector General Elizabeth Coleman hasn’t a clue… Dunno whether to laugh or cry – I am still getting over the shock and have watched 4 times – LISTEN carefully to what she says – “THEY HAVE NO JURISTRICTION” to investigate the fed!!! Only their programs??
OK the world has been fooled long enough -ENOUGH is ENOUGH!!! Get the hell outta paper money people and if you buy gold and silver, get the real stuff not paper gold etc. This is pure evil!
Just how in the HELL can the Federal Reserve LOSE 9 TRILLION dollars IN ONLY 8 MONTHS? As Rep Grayson said, this comes out to 30,000 dollars for every man, woman, and child in the US…..Personally, I think it is more than that ! I think he meant to say; 30, 000 dollars per man, woman, and child in the WORLD.
Remember: EVERY TIME YOUR ( or should I say THEIR) FEDERAL RESERVE PRINTS MORE MONEY, THE MONEY YOU HAVE IN YOUR POCKET HAS LESS VALUE……according to the 1913 standard, the dollar you now have in your pocket is worth only 4 Cents..Now that should make you feel real good to start the morning off !
The clown on this video either didn’t 1) know what Congressman Grayson was talking about or 2) was deathly afraid to answer his question, or 3) knew if she told the truth in her answer, her funeral would be the next day…..thats why there are NO AUDITS ON THE FEDERAL RESERVE BY ANYONE.
America has been living with this CRIMINAL CABAL since 1913….isn’t it time someone went to jail? Isn’t it time for some REAL Hope and Change to come to this country? America must do something and do it fast, we are on a very slippery slope and going down hill with no brakes.. Personally I would recommend the following:
1. GET AMERICA OUT OF THE PRIVATE FEDERAL RESERVE SYSTEM, ERASE ALL DEBT THIS COUNTRY OWES TO THIS CRIMINAL ESTABLISHMENT and put those in charge deep under the jail.
2. ESTABLISH A FLAT TAX SYSTEM WHERE EVERYONE PAYS, AND NO EXCEPTIONS, REGARDLESS OF CONDITION, even those on welfare owe something to the country they live in..
3. DISBAND THE IRS, AND FURLOUGH THE 40,000 WORKERS (ROBBERS) THAT NEST THERE. They have fed at the public trough long enough
4. PUT AMERICA BACK ON THE TRACK IT WAS ON IN 1835 WHEN WE HAD NO NATIONAL DEBT,( does any one remember Andy Jackson?) AND ALL MEN WERE FREE..
If America doesn’t do something very soon, it will go under from the weight of UNLAWFUL and illegal debt that has been placed on the backs of it’s citizens be they, democrat or republican, liberal or conservative, black or white, dumb or educated, and everyone else living and walking around with their eyes closed in this country.
If I left anyone out, it was not intentional because when we go down as a nation……………
EVERYONE WILL GO DOWN…..”
“SCHOOL IS NOW IN SESSION CHILDREN…PLEASE TAKE YOUR SEATS”