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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (367131)	1/16/2008 3:18:36 PM
From: tejek	Read Replies (2) \| Respond to of 1575427

For Bernanke, who is now 54, it has been an education unlike any at M.I.T. And yet there is a case to be made that he has made many more right moves than wrong ones. The current crisis is a hangover from a half-decade of heady speculation in both housing and home mortgages and does not necessarily admit to a speedy fix. Moreover, it has fallen into Bernanke’s lap just as oil prices have spiked to a record $100 a barrel, the dollar has hit an all-time low against the euro and unemployment has ticked upward. None other than Alan Greenspan has said that constellation of problems facing Bernanke is tougher than anything he experienced in the 18 years that he held the job. Horse puckey! He has so much evidence now that the economy is slowing its not even funny. In the past month almost every metric has come in negative. And with the PPI and CPI released this week....inflation appears to be ebbing and will ebb when the economy slows which it is. What's worse is that he keeps talking about what he's going to do but doesn't do anything. He's like a deer caught in someone's headlights. The only way we're going to get out of this mess is lower interest rates so resets won't be so high and banks can make money lending. The longer Bernanke plays with his dick the better the chance the whole world goes into recession. The same president who brought us Iraq, Cheney, Brownie, the Katrina fiasco, and wire tapping also brought us Bernanke. Enough said!