Bernanke: Economy ‘Is Close to Faltering’

The Truth in translation –

Bernanke is close to admitting that the Economy is faltering

Now, if we can only get him and the rest of the fools to admit WHY it is faltering (IE Taxation and Regulation infringements of the free market by government overstep of authority.)

The "steps" needed to witness improvement all revolve around one basic thing. Government itself has to get out of the way so that Americans can prosper once again.

Who would have not seen this coming? Quantitative Easing Explained
http://www.youtube.com/watch?v=PTUY16CkS-k

What amazes me is the fact we went from voodoo economics that actually allowed US to prosper, to Obamas doo-doo economics which sure stinks!

"The time is near at hand which must determine whether Americans are to be free men or slaves."
George Washington

Resign LOSER! When the inflation hits (harder) and people figure out that you had a big role in making their money worth so much less, you will want to hide. You and the rest of the Obama gang are criminals…

Wow, Ben, my man….

I think you went to the economic school just a few doors down from where Geitner learned about taxes in preperation for his treasury job.

Man these Butt Monkey's think we are that stupid…Close to..LMAO…..I know just go and say you "saved" jobs and call it growth….This is a joke Admin…..

"Federal Reserve Chairman Ben Bernanke says the economic recovery “is close to faltering”…….."

I am not sure I can help Mr. Bernanke, but I am going to try.

OPEN YOUR EYES!!!!!!!!!!!!!!!!! The economy is NOT "close to faltering", it is GASPING for air!!!!! Can you hear me now?????

I wonder how much his personal wealth increased since 2008.
He deserve a going away gift. IMMEDIATELY!

I heard this earlier today and I was thinking: DUMB PHUCK! There has been NO recovery at all. We are in a DEPRESSION just like we were lo those many years ago. It looks like Obama and the rest of you would like to turn it into a GREAT Depression just like Hoover and FDR did.

The only way we recover now is to kick all of you out of office and replace you with actual adults who know what they are doing.

Did any of you hear the interview of Obama with the Clinton troll, George Snuffalupacus?

I know you heard about Solyndra and how he doesn't regret it. But what about banks and others making profits. Apparently, he's still going on about how only so much profit is good. So he gets to decide how much corporations make, and then next it'll be small businesses, and then finally it'll be the working man.

He is giving a GIFT to the GOP. Are they smart enough to use it? We can play Obama soundbites on their own without further comment and he will LOSE LOSE LOSE in 2012. That's if we actually get to have an election.

America…there is a conspiracy being played out in the world…a financial crisis…in economies around the world! Just didn't happen…planned by the Bilderberg…The Trilateral…and the Council on Foreign Relations.

And until you all start to wake up…and believe it…it will continue! But we in, America, can fight it…if we band together to fight the real enemy and not each other!

http://www.youtube.com/watch?v=5wmtZehfBCM&fe...
http://www.youtube.com/watch?v=Y6Z0eCz0pF4&fe...
http://www.americanfreepress.net/html/obama_bilde...
http://afgen.com/trilateral.html
http://www.michaeljournal.org/bilder.htm

Economics is more a function of human behavior than it is numbers. If you understand the how's and why's of human behavior, you will can come very close to predicting economic activity. Perhaps the only real constant is the drag of government interference; which liberals always factor in on the wrong side of the equation and is always a negative expression.

It's Bush's fault, uh, it's the Tsunami's fault, der, it's the Arab Springs fault, ummm, it's still Bush's fault!!

Keynesian policies do not work. That is why The Marxist was more than happy to let you engage in your experimentation and meddling with the economy. Banks cannot make money because of artificially low interest rates, the economy is sputtering, and unemployment is around 16%. Are you happy now? Are you gonna monetise more debt after committing perjury in your testimony to Congress? You unbelieveable dupe.

Bernanke is busy pushing the job stimulus plan Obama has on the table in the Senate, that's what he's doing.

We added $142,000,000,000 new debt in TWO DAYS !!

What makes you think we are at risk BEN ?!?!
http://www.zerohedge.com/news/us-starts-news-fisc...

Say What? 30 Ben Bernanke Quotes That Are So Stupid That You Won’t Know Whether To Laugh Or Cry

#3 (February 15, 2006) "Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise."

#4 (January 10, 2008) "The Federal Reserve is not currently forecasting a recession."

#5 (When asked directly during a congressional hearing if the Federal Reserve would monetize U.S. government debt) "The Federal Reserve will not monetize the debt."

#6 "One myth that’s out there is that what we’re doing is printing money. We’re not printing money."

#7 "The money supply is not changing in any significant way. What we’re doing is lowering interest rates by buying Treasury securities."

#8 (November 21, 2002) "The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost."

#9 (March 28, 2007) "At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency."

#12 (February 15, 2007) "Despite the ongoing adjustments in the housing sector, overall economic prospects for households remain good. Household finances appear generally solid, and delinquency rates on most types of consumer loans and residential mortgages remain low."

#13 (October 31, 2007) "It is not the responsibility of the Federal Reserve – nor would it be appropriate – to protect lenders and investors from the consequences of their financial decisions."

#14 (On the possibility that the Fed might launch QE3) "Oh, it's certainly possible. And again, it depends on the efficacy of the program. It depends on inflation. And finally it depends on how the economy looks."

#15 (November 15, 2005) "With respect to their safety, derivatives, for the most part, are traded among very sophisticated financial institutions and individuals who have considerable incentive to understand them and to use them properly."

#16 (January 18, 2008) "[The U.S. economy] has a strong labor force, excellent productivity and technology, and a deep and liquid financial market that is in the process of repairing itself."

#18 (May 17, 2007) "All that said, given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system. The vast majority of mortgages, including even subprime mortgages, continue to perform well. Past gains in house prices have left most homeowners with significant amounts of home equity, and growth in jobs and incomes should help keep the financial obligations of most households manageable."

#19 "The GSEs are adequately capitalized. They are in no danger of failing."

#20 (Two months before Fannie Mae and Freddie Mac collapsed and were nationalized) "They will make it through the storm."

#26 (June 10, 2008) "The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so."

#28 "The financial crisis appears to be mostly behind us, and the economy seems to have stabilized and is expanding again."

#30 (October 4, 2006) "If current trends continue, the typical U.S. worker will be considerably more productive several decades from now. Thus, one might argue that letting future generations bear the burden of population aging is appropriate, as they will likely be richer than we are even taking that burden into account."
http://theeconomiccollapseblog.com/archives/say-w...

Wasn't last summer the "Summer of Recovery"? And wasn't Obama supposed to concentrate on creating jobs after he returned from his vacation in Aug or Sept? Oh, and just what have they been doing in Washington since Jan 2009? I thought this was the moment we've all been waiting for. Personally, I'm waiting for Nov 2012.

Any bets that after Obamagabe leaves office, his net worth skyrockets into the hundreds of millions?

Announcement of QE3 is getting really close.

What, you mean the Obama-Bernanke-Geithner, fix-all scheme of just printing more money- ie; QE I, II, III, IV, and may be even V, won't cure everything.. wow,, I mean, who would have thought.. as the Multi-Trillion Dollars of borrowing and printing and spending sprees and bailouts, aka, corrupt crony capitalism, has does so well.. Wow.. So well in fact, they just can't stop doing it.. amazing.. with such great leadership, we can all sleep soundly, and rest easy tonight, as the US govt. is in good hands, you know..

6 Nov. 2012, that's all we Patriotic Constitutional Conservative Americans have to say, as their day of reckoning is soon coming.!!

is this just massive ego – extreme arrogance – political Bull –

or just plain stupidity

unemployment and underemployment are up big time and no feels good about anything

What we get – is tax the rich

Clueless on the downswing

Are you telling me that folks aren't buying Barry's "jobs saved" canard anymore?

Recovery?!

I'm long on gold, so another QE will add to my wealth. Of course, Keynesians know that increasing the money supply does NOT lead to inflation….

Sadly, I am short on the USA, due to our geometrically increasing insolvency that neither republicans nor democrats are inclined to do anything about.

It is Bush's fault – and Obama's and Clinton's and Bush's father and Reagan's and Nixon's and Carter's and Johnson's and Kennedy's and Roosevelt's and Hoover's…I don't think America is going to have a happy ending.

and it will falter until obama is removed from office. as a small business owner, i know that once he is gone the economy will rebound. so these idiots need to stop trying to manipulate things.

Two things. Many economists are recanting a bit on whether "operation twist" will have no effect. Lower mortgage rates do stimulate the economy, and the ten year has always been the benchmark for those issuing mortgages. Case in point, I'm doing a HELOC for 2.99% and refinancing. Was offered 3.25% on a 15'-yr fixed. That's no. 1.

No. 2 is how cuts in the public sector, which most agree were needed, are a natural drag on SHORT-TERM economic growth. I heard the rate is about -1.2%. So, we should mute our expectations for upcoming GDP and accept that as we rotate the economy back to the private sector, it will eventually get closer to being healthy again.

If No. 1 helps keep the American economy from going back into recession becasuse of No. 2, things aren't as bad as they look. Here's hoping.

RIght on P_T_Bull!