Video: Times Square Obama Afghanistan Protest Arrests
New Photo Brings Flying Overweight Debate Back
AA's "Fat Flier" Got Whole Row
State Sen. Savino Gets Noticed For Impassioned Gay Marriage Speech
Teen Gets Two Years For Killing Kitten
Photograph of Fed Chairman Bernanke and President Obama in Martha's Vineyard by Stephan Savoia/AP
Another positive for Bernanke—investors and economists like him and may feel comforted he's staying on. The NY Times reports, "Most economists now predict that the United States recession either has already ended or is about to end very soon. Although unemployment is 9.4 percent, higher than at any time since the early 1980s, a wide array of indicators suggest that the economy has hit bottom and is about to begin a slow if painful recovery." Senator Christopher Dodd (D-Connecticut) said in spite of his "serious differences with the Federal Reserve... I think reappointing Chairman Bernanke is probably the right choice," but promised a "thorough" confirmation hearing.
Obama made the announcement from his vacation in Martha's Vineyard (Bernanke will be there) and his prepared remarks include, "As an expert on the causes of the Great Depression, I’m sure Ben never imagined that he would be part of a team responsible for preventing another. But because of his background, his temperament, his courage, and his creativity, that’s exactly what he has helped to achieve."
add to stumble upon
add to reddit
tweet this
post to facebook
They're dressed as if they just came from a rockin bachelor party with strippers.
*Sniff* God Bless America.
Not necessarily true. There's a strong opinion that goes against the Friedman theory.
i love it, 9:30 in the morning and Kojak is already thinking about strippers. i salute you good sir.
Excuse me while I slip this turd in the punch bowl....
http://www.nytimes.com/2009/08/26/business/economy/26deficit.html?hp
Ooopsies!
Well he is doing a better job stabilizing our economy than that DB Greenspan who didn't know his ass from his elbow.
Isn't Obama up for re-election this year?
For him, it's election time with each new CNN poll.
For him, it's 'election time' with each CNN poll.
When jobs come back and more companies start hiring again then I'll believe the economy is coming around again.
So Obama proves once again, he's a crap president.
The puppet masters DO NOT want to stabilize the economy. This administration's job is to deliberately trash the economy in order to provide an excuse for imposing socialism.
Right.. and Bush was behind 9/11 so he had reason to clamp down on civil liberties and go to war with the Iraq, right?
Just goes to prove... both sides have their crazies...
Like bush allowed 9/11 to attack iraq. Sure. Always the poor yelling about socialism.
there you guy bringing class into it again!
I don't understand why people keep talking about socialism when there has been very little regulation in the financial market after the bail out. Affordable and Accessible Healthcare is not socialism. Damn Faux News.
Well it could be because the US government now has a controlling interest in general motors and AIG. All your need to do is name change the companies to "The People's Motors" and "The People's Insurance" and the movement to state owned enterprise would be complete. That would be a key attribute of socialism. Combined with the democratic desire for federal micromanagement and increased involvement in the market at large heralds are very definite pro-socialist post-lenin communist movement. One might argue that Obama is more of a communist than Trotsky and they might be right. Mind you one could equally argue Trotsky wasn't a communist at all. So I'm really just rambling at this point.
inform yourself at www.lewrockwell.com
What this country needs is a new idea person. Someone with the vision of Hitler.