Filed under: Bad news, Consumer experience, Rants and raves, Money and Finance Today, Personal finance, Federal Reserve, Recession

Federal reserve chairman Ben Bernanke continues to float his raft of economic strategies upon a wad of fake money. His song and dance has provided us with no real relief. Someone at some point must have convinced him that lowering interest rates is fun and exciting. He believed those lies and now it’s his hobby. Has it provided any positive benefit of any real consequence in terms of the long term picture? I think not.

Today and tomorrow, the Federal Reserve Chairman shall be addressing congress. He’s expected to tell them about how he has our economy under control. The fact is that it’s near completely out of his hands. The one possible exception is that he’s handily turned our dollars into wads of toilet paper. His major concern seems to be avoiding recession, which is an admirable goal, but someone forgot to wake the dear man to tell him recession is already here, aided by the fake dollars Bernanke keeps spewing upon the ground.

Continue reading Ben Bernanke: Staying afloat or floundering around?

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This entry was posted on Wednesday, February 27th, 2008 at 7:16 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.