President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (136774)	9/6/2013 3:21:45 PM
From: tejek	Read Replies (2) of 149317

Bernanke's cheap money policy set off housing, stocks, and commodity booms; all these booms had to crash in 2008 leaving behind bankruptcies; millions of foreclosures; inflation and poverty; debt crises; massive unemployment in the US and Europe; record fiscal deficits; and rapidly rising public debts. With all this lousy record, Bernanke should have retired as Federal Reserve chairman in 2008, along with Bush and the Bush team, or even rightly been dismissed by the US Congress. The person who wrote this article still does not understand why we had the worst housing crash since the 1920s. Why people like yourselves refuse to look at the truth is beyond me? Is it about keeping your ideology pure?

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