Hooray for Obama telling the American people like it is (oh, if only we could get him to retract his "redistribute wealth" statement all would be well), but that Bernanke! We'll call him Big Boil Bernanke because he is a big boil on the butt of the American taxpayer.
I don't know how many of you caught this since it seems no one is reporting on it, but yesterday Bernanke came out in favor of a stimulus package and basically said the following:
1. don't worry about the national debt and go ahead and make it bigger because we need to make it bigger right now
2. Americans need more credit so they'll buy more stuff and get the economy moving again
Oh, and there was some other stuff, but seriously folks, after you hear those first two points, why aren't we shooting this guy? Let's see, we are in the worst financial crisis since blah blah blah and we got here by overspent Americans defaulting on their mortgages....we are now increasing our national debt by almost 2 trillion dollars to bail out the failing financial institutions that gave out these bad mortgages and were guilty of fiscal mis-management......I know! Let's grow our national debt even more with a stimulus package and encourage Americans to take on more debt and we can all buy our way out of financial crisis! Yeah, that's the ticket. Even my 10 year old daughter would know that won't work.
Ever notice how Bernanke sort of looks like Rasputin? He was bad for his country, too.