|
Post by agito on Dec 3, 2009 18:58:16 GMT -6
did anyone catch bernanke's testimony today before congress? I happened to catch a tad of it on bloomberg, and they were discussing the healthcare reform legislation. I didn't like the noises they were making on it so i changed the channel, (for one thing bernanke isn't a legislator, nor is he a doctor, so i don't see how he even fits into that discussion and felt the congressperson asking the questions was just scoring points). Turns out i missed out on a lot because there are diaries up on dkos (here) and (here)saying that he's going to go after medicare and social security funding? I was rather supportive of bernanke, but this will kill it.
|
|
|
Post by waltc on Dec 3, 2009 22:09:14 GMT -6
I caught a bit of it and he stank like a skunk, the man has no morals or ethics whatsoever.
Its clear the guy is a tool of Banking industry and the rich period. He doesn't care about the country or the people and he sure as hell doesn't care about destroying the dollar.
And the fact that that bearded turd wants to take money from SS and Medicare makes him the greatest threat our nation is facing.
About the only one who sees it in the Senate is Sanders.
|
|
|
Post by unlawflcombatnt on Dec 4, 2009 2:39:40 GMT -6
This is all I needed to hear about Bernanke (from the DailyKos article):" He just said in his hearings that he would get more money by going after Social Security and Medicare. When Sen. Reed suggested that we could also get the money by taxing some of the richest people in America (some of whom got rich causing the economic crash in the first place), all of sudden he demurred. He says that's not his place to say if we should ever raise taxes. But apparently it is his place to encourage going after your retirement money. So, taxing the rich is never under consideration, going after the retirement money of the middle class is his first option. Sorry to be blunt, but fuck that.
He even has the nerve to quote famous bank robber Willie Sutton by saying that he would go after Social Security and Medicare because "that's where the money is." Well, give him points for honesty. He [Bernanke] plans on robbing more of your money to give to his Wall Street friends - because that's where the money is....
First of all, this shows that it was not a coincidence that George W. Bush selected him as the head of the Fed. He has a bipartisan reputation in Washington. But going after these programs shows you his inclination is unmistakably Republican. Screw the middle class first and protect the rich at all costs....From his perspective, he doesn't consider raising taxes of the wealthiest people in the country, or even more pertinent the taxes on financial transactions, as even a remote possibility. His perspective is to protect Wall Street, not you. He views you as the bank that they withdraw from.
On top of all this, he refuses to disclose where the Fed distributes its money and says we shouldn't audit the Fed to find out where they send trillions of our dollars to. Is this a joke? This guy is going to have enormous power to distribute our currency and unlike Congress he doesn't even have to account for the money. And we're going to hand over the keys to the economy to a guy with this perspective? Hell no! We'd be crazy to agree to this."" Bernanke is a plutocratic scumbag. He should not only be fired, he should be sent to prison for violating the spirit & intent of the Constitution (if he didn't violate the actual letter of the Constitution), as well as the Federal Reserve Act.
|
|
|
Post by agito on Dec 4, 2009 14:36:16 GMT -6
i need to hear the analysis somewhere else besides dkos, but judging how the rest of the media is treating it as a non-story, this is fishy. I don't want to live in a world where dkos is the only place i can go for important news. Where is the rightwing on this?
|
|
|
Post by waltc on Dec 5, 2009 11:57:24 GMT -6
|
|
|
Post by jeffolie on Dec 5, 2009 19:02:47 GMT -6
I wish Obama would replace Bernancke with someone that would help create jobs. I do not expect this to happen.
|
|
|
Post by agito on Dec 7, 2009 12:20:11 GMT -6
I'm actually of the opinion that the fed shouldn't be focused on job creation. Whenever you give one department 2 priorities, one of those priorities is going to get shafted. ironically, with the interest rates being set so low, bernanke has down what is in his power to create jobs, it's just a very shitty way to create jobs. I'd favor a different department focused on creating jobs, especially if it had the ability to expand and a shrink a program like a WPA as the situation merits. btw- more on what might be a concerted effort going after SS, and once again- dkos rec diary: www.dailykos.com/story/2009/12/7/810692/-The-(Very-Real)-Plot-to-Loot-Your-Social-Security
|
|