Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Road Walker who wrote (134830)	7/22/2013 7:25:28 PM
From: John Vosilla	1 Recommendation Recommended By Road Walker Respond to of 149317

The Fed? I think Bernanke is handling this all fabulously Ben is the hero countering all the obstacles since 2007 from household deleveraging, inaction from congress, public sector shrinkage and corporations sitting on trillions of cash yet MM and others think he is some evil villain hell bent on destroying the planet. Look at where we are now versus the day Obama became president. It doesn't feel like boom years such as 1986 or 1998 but it could have been a lot worse

To: Road Walker who wrote (134830)	7/22/2013 8:30:45 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

The jury is still out on Ben. It could be that he's a hero, but I don't think we can say that yet, until we see the consequences of all of this. For example, if I lose my job and decide not to find another, and then I hide that from my wife and make up for my lack of income by putting all of our expenses on credit cards, am I a hero or am I on an unsustainable path? To my wife, everything looks hunky dory. But how long can I keep this up? Perhaps, I can keep it up for a few years and then find another job. But then I'm saddled with all this debt that I have to pay back, which means my retirement date is going to be pushed out for a long time. Am I a hero for taking a several years vacation and successfully hiding that from my wife? I'm sure she wouldn't think so. Ben bought us time, but none of the underlying problems have been solved. We still have a big deficit. We still have massive unemployment with massive food stamp and welfare payments. We still have systemically unstable TBTF banks with criminal executives with little regulation and too much incentive to commit crimes. So at the end of the day, I still think Ben shouldn't have been so accommodating of Congress' profligacy and Obama's failure to prosecute the banksters. Those root causes still need to be solved for.