President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (121283)	9/20/2012 12:36:16 PM
From: tejek	Read Replies (1) of 149317

It's not about you. It's about business. They are hoarding cash and not investing. Banks are not lending their excess reserves. This is the bloodless verdict of the free market. There is no business confidence and there won't be until Obama and Bernanke are gone. Keynesianism and Soviet style Central Economic Planning have failed yet one more time in a long string of failures in history. MM, you're moving closer and closer to the edge. Your judgement is becoming increasingly impaired. Your obsession with Obama and Bernanke is out of control. Chill. You are so willfully blind it's unbelievable. China is in its 11th month of mfg contraction. Who buys China's mfg goods? The world. And if China's mfg has been contracting for 11 months, what does that say about global demand? It's contracting too. The world is in recession. I TOLD YOU SO. The only thing propping up these securities markets is massive money printing by the US, Europe, China, and Japan. It's a giant currency debasement experiment with massive negative consequences. If they keep this up, this will lead to global war. It's already leading to massive unrest in every location where inflation is being exported. The problem isn't Bernanke or Obama. The problem is Europe and the conservatives' approach to dealing with recession on that continent..........fiscal austerity. Europe is dying on the vine. I really wish you all would STFU and go sit in the time out corner.....and let the adults deal with the problem. Bernanke must be fired yesterday. He is the single most dangerous man on earth now. I said STFU. ------------ China stocks slammed after PMI, lead Asian losses Chinese stocks got slammed not because the PMI went down.......it actually went up a little............they got slammed because it didn't go up enough to satisfy the markets.

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