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

To: RetiredNow who wrote (112182)	4/5/2012 10:15:31 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 149317

I recall Bentway bashing Bernanke. Now he supports him?

To: RetiredNow who wrote (112182)	4/6/2012 3:20:34 PM
From: bentway	Read Replies (2) \| Respond to of 149317

I think you're an ideological fool. We had a fairly unrestricted free market under W, a man who never saw a regulation worth enforcing, and it led to the collapse of the global economy. Unrestricted free markets will always be forced by the greedy to excess, bubbles and inevitable collapse. They do NOT regulate themselves except through these mechanisms. The Fed was created to deal with this fact, as was Keynesian economics. Because of our broken political system, Keynesian economics is just practiced when the (D)'s are in charge, or when the (R) fantasy supply-side economics have caused economic collapse. Even Bush and his economic advisers became Keynesians when THAT happened - because supply-side has no prescription for something that CAN'T happen..