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

To: RetiredNow who wrote (123090)	10/8/2012 9:24:03 PM
From: Sr K	Read Replies (1) \| Respond to of 149317

Bernanke answered that last week in the 5 Questions and Answers. That (your boisterousness today) is the problem with people who are not economists, and I mean quantitative economists, acting as if they know more than the FOMC and more than Bernanke. You could replace Bernanke and there would still be 10 other members voting for the same policy and statement, and Bernanke would be an 11th vote, and only one vote would be for different wording but the same current policy. We are in the midst of a program that will take past 2017 to know it worked. On your side is the risk of deflation and depression at the same time. You don't know what you're talking about. You're like someone who wants to terminate the space program while Apollo 8 or 9 hasn't yet reached the moon for a fly-by. You want to have no safety net during periods when the Tea Party holds the President hostage. You want to force Congress to reach agreements when half of Congress has signed the Grover Norquist Pledge. Effectively, you want to allow a minority to force their will on a majority.

To: RetiredNow who wrote (123090)	10/8/2012 10:13:59 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 149317

Your response shows you are all over the place. This is your comment to which I had responded. if the economy really does recover, then inflation will ramp very quickly. My response to this is that you are speculating because Bernanke has a finger on the pulse and he and his team will move when he sees that starting to occur. We do not need to politicize the Supreme Court nor we need to do so with the Fed. Both these are run by a group and not by any one person. It is utter nonsense to say that we need to fire the Chief Justice or the Fed Chair.