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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (111756)	3/28/2012 8:53:09 PM
From: RetiredNow	Respond to of 149317

You point to one fact and say that is the rule. I'm looking at many different data points, including leading indicators. Most are deteriorating, not recovering. Another point. I've said a few times on this thread that this is a bifurcated recovery. The top 1% are reaping massive rewards. The top 1% are the execs at these companies and their incentive is to hoard cash, not to engage in productive growth. Not when the uncertainties of future demand are so great. And they aren't hiring fast enough to grow faster than the population, which is one of the reasons that labor participation rates are plummeting. The 99% are suffering greatly with wage stagnation and price inflation on all key items they purchase daily. This is not a recipe for an expanding economy, considering that 70% of the US GDP is based on Consumer Spending. Bernanke is first and foremost the root cause of much of what is going wrong. He has fostered moral hazard by bailing out the TBTFs. He has fostered out of control Congressional spending through is QE programs. He has hammered the productive class of savers through zero percent interest rates. He has hammered the 99% through price inflation from his money printing. And he has enriched the top 1%, through his programs designed to prop up the stock market. This has all become a very sad joke. Bernanke is the epicenter of the destructive policies of Bolshevik Central Economic Planning. He needs to be kicked out on his ass, asap.