Federal Reserve Chairman Ben Bernanke says the U.S. economy is on the verge of a long-awaited recovery after enduring a brutal recession and the worst financial crisis since the Great Depression.
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14 comments:
Don't buy it! This is a ploy to increase consumer confidence. If thie economy appears to be recovering it is a result of the saturation of the economy with tax money we really didn't have. The piper hasn't been paid yet and he is one angry SOB if you try to slight him. Start jarring your veggies and converting your money to gold. Mark my words. This is far from over.
blah blah blah.
Obama bails out Bush!
lol. A positive story for once and look at the haters!
I knew the democrats would buy this bullsh!t. Now let's watch those cheap bastards go out, buy stock and recover the economy. Nah, they don't trust one of their own and they'll wait and hope some republicans buy it and then take credit for the recovery, NOT! Ain't gonna happen any time soon, you FOOLS.
If I've said it once, I've said it a thousand times. This government will do ANYTHING to drain every last penny from Americans, including lying. Yeah, the real estate market is booming, the highest increase in the pasdt 10 years. I guess Pohanka will be selling a ton of new Mercedes soon too, NOT!
By this BS and you will drown. Don't buy this BS and save everywhere you possibly can you'll still be able to eat without BEGGING your government for a slice of bread.
Buy this BS, sorry.
10:35 where are buying your drugs?
Bernanke is a liar just like Obama
being a liar is prerequisite in order to work for Obama being a tax cheat also helps
10:44
Stop being political about this! Bernanke was originally appointed by Bush. The FED is the power in Washington. The congress works for the bankers.
Get real.
Joe, any savy investor knows that NOW is the time to be investing in stock. The rich know this which is why they are picking up solid stocks on the cheap now. Unfortunatley the poor and middleclass are told "stocks are too risky" and "you should just spend your money at Walmart". You know the economy will recover and at the end people will say it's because of Obama. Thats why you are mad.
The sad thing is that people are easily duped. No matter who is Pres. (Obama or McCain, Bush, Clinton) the economy goes through cycles. Recession or not, aint nobody gonna stop trying to make money. But just as Bush was touted as the source of economic success early in the decade, give Obama his credit once things turn around
If this is true then why do I know over a dozen families that are about to lose everything they have worked for. This guy is a fool. Hes just another SOB Im gonna have to deal with.
Seems more like a ploy to manipulate the stock market -- today it is up over 130 points, mainly due to Bernanke's remarks.
Scroll down just five posts below this one and see the BusinessWeek article titled The Dollar: Soon to Swoon?, click the link to read the whole article. Then tell me that "the economy is on the verge of a long-awaited recovery."
A bunch of snake oil salesmen!
So it took a couple of years or so for Washington to admit we were in crisis but because there are a couple of good indicators, they're already out tooting their horn?
As much as I would like for this to be true, it is NOT!
Don't fall for this crap! Keep saving your money and if you haven't been doing so then you should be!
Don't spend anything you don't NEED to spend...we're a long way away from recovery folks!
This nation may never fully recover from all this BS!
Let's read the details folks. He didn't give a glowing endorsement of the US economy. He said that we may now be in the stage of recovery. His quote is, "we are only now beginning to emerge." He isn't full of BS, nor trying to boost consumer confidence. It's a plain fact that it does not appear that we will be experiencing negative growth (the indicator of a recession) next fiscal quarter. Does that mean that we are all going to be singing and dancing? No. Does that mean that that all financial indicators will now fly through the roof in a positive direction? Did he imply any of this? No.
In an economy, you either have growth or contraction. It never just stands still. He is just saying that we will likely see growth, not contraction. "Recovery" just means that the bleeding has stopped and that there may be some healing, not that the patient is doing wind sprints.
Not everything has to be so damn political, folks. It's a sober, and rather measured, assesment of the economy. The overreaction that you see in this blog is so sadly endemic of our society. This is what happens when the right wing watches nothing but Fox and the left wing watches nothing but MSNBC. Everyone gets so damn sensitive and they politicize everything. It inhibits rational and independent thought.
i dont think so....not yet the unemployemtn is not getting any better its getting worse...look around you.....more ppl losing jobs everyday......gas going back up those that do have jobs cant make it because the price of goods and services going up....we are now the working poor...once we could save some money now we have to live on credit cards just to try to survive....look how many ppl now are going to food banks, social services for food stamps, we are NO where near a recovery yet....to many things need to change & get better before that will happen. Its a ploy to make you feel better so that you will go spend money...well thats hard to do when you dont have any....jobs need to be created not lost until then nothing will get better. Common since tells ya that you dont raise and impose new taxes in a recession, business's cannot afford to stay in, small business are going under everyday because they cannot compete.... small business is the backbone of this county but nobody cares about them and are letting them fail, until this changes things are NOT going to get better....but you aint seen nothing yet...if this cap & trade energy bill passes look out...we all will need food stamps and will be walking and doing without electric, you wont be able to afford it.......it will force many small business out.....or big business that can afford to will leave the county........this county is on the brink of disaster....this bill will push us over the edge..... educate yourself..the party (repub & demo) doesnt matter they are both to corrupt and out for themselves and need to go....IF YOU ARE NOT ENRAGED THEN YOU OBVIOUSLY ARE NOT PAYING ATTENTION!
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