Bernanke: Economy faces 'numerous difficulties'

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  • Natural Business Cycle?
    July 16, 2008 1:13 p.m.

    All of what you're saying sounds very nice, but that's about it. Under our current circumstance, your analysis just doesn't float. It sounds like the smoke screen that Bush has been feeding us. Are you saying that $10 to $12 per gallon for gasoline (which it will be once we go to war with Iran) is "healthy" for the economy, and will bring about a "stronger, more efficient basis for the American economy"? We have for the past ten years or so, been moving toward becoming a third-world nation. Do you realize that? Do you know what that has been doing to our sovreignty? What "expansion"?. You also fail add into your equation, the protracted war in the middle east, which if we go to war with Iran will drive not only the U.S. economy in the tank, but Europe as well. You also haven't considered the powers thast be, who are behind all this. It's not just the Federal Reserve (private banks by the way). You live in a textbook world.

  • tc
    July 16, 2008 12:26 p.m.

    Apparently, you guys don't understand basic macroeconomics. Ever heard of the natural business cycle? It's healthy for the economy to have periods of slow growth (even negative growth). In simplistic terms, this eliminates weak businesses, ideas, products, processes, etc; removes bloat and inefficiencies in companies; and causes change in management and business restructuring. All these things then result in a stronger, more efficient basis for the American economy to power forward in the next expansion and compete better within the global market place.

    It's a completely natural and healthy phenomena; The key is to allow the above things to happen in the quickest, least painful way. To point the finger at any particular political party, president etc is naive. Chicken littles need to get some perspective.

  • More Bernanke Lies
    July 16, 2008 11:52 a.m.

    Through the remainder of this year, the economy will ccntinue to "grow"? Based upon what, more fiat money? With our multi-trillion dollar deficit, where did we get the money to loan Fannie and Freddie? As other banks fail (and they will), then what? If israel and/or the U.S. goes to war with Iran (and they eventually will), then what? This article has more doom and gloom than positive encouragement. This time, the aspirin the Feds feed us, won't work! We are at a point of no return. This depression will be much more serious than the crash of 1929. Brace yourselves!

    Look beyond the politics - It has nothing to do with whether you're republican or democrat.

    How's your food storage?

  • let's play connect the dots
    July 16, 2008 11:48 a.m.

    We have CEOs running things today.
    And CEO's do what they do best.
    Knowing (like the auto industry and real estate) the only way to make big $$$ is through munitions and weaponry.
    Wanna know who has the most at stake?
    Well, let's put it THIS way:
    Dick and Lynn Cheney are former CEO's of defense contractors, Halliburton and Lockheed Martin.
    Connected the dots yet?

  • Observer
    July 16, 2008 11:40 a.m.

    Bernanke is another genius Republican.

  • And who got us in this Deficit
    July 16, 2008 11:31 a.m.

    And why do they call it THE WHITE HOUSE because they spend all the WHITE BREAD on a war , war , war then go to another part of the world, let the media control what's really going on around here.

  • More liberal lies
    July 16, 2008 10:16 a.m.

    Why do I have to keep repeating myself?
    There is nothing wrong with the economy.
    The "problems" are just caused by liberals who are always trying to change one thing or another.

    Keep spending.
    Keep maxing out those credit cards.
    If you start saving or paring down your lifestyle - you must hate America.