FARK.com: (7218055) Fed. Chairman Bernanke admits that the economy is in "one whole joojooflop situation"

If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

		Fed. Chairman Bernanke admits that the economy is in "one whole joojooflop situation" (latimes.com)		18
		More: Sad, Bernanke, Federal Reserve, economic stimulus, capital expenditures, momentum

• • •

2791 clicks; posted to Business » on 17 Jul 2012 at 4:19 PM | Favorite | share:

Share this link:

URL:

http://fark.com/go/7218055

Bookmark:

Article Comments close

Voting Results (Smartest)

View Voting Results: Smartest and Funniest

Redisplay/refresh voting results (Smartest or Funniest) or Return to comments

Archived thread

Weaver95		2012-07-17 01:12:06 PM

4 votes:

EnviroDude: economy losing steam? obvious tag is obvious. When the feds borrow trillions to give to the states so they can pay their bills, then refuse to do it again and again and again, of course the economy is going to slow down.

The funny thing is that when the US hits a recession in or around Feb 2013, it will be Romney's fault.

once again - our economic situation is not the fault of one person or one political party. it didn't happen overnight either - it took us decades to get into this mess, and a LOT of people making a lot of bad decisions. plenty of blame to go around for it.

the problem is that we've got a Republican party that just doesn't give a f*ck about fixing the economy. actually, they don't care about anything OTHER than making Obama a 'one term president'. they aren't going to help fix a damn thing, not with the economy, not with health care, not with unemployment. Because they believe that anything that goes right will get Obama re-elected...and that's something they do not want to happen.

Now i'm not saying the Republicans want to crash the economy. of course they don't. But they DO see economic troubles for the country as an opportunity to attack Obama. And that's what's so sick and demented about the GOP these days....that they see economic hardship and suffering as a useful political environment in which to work.

supageil		2012-07-17 06:33:36 PM

2 votes:

doyner: Captain_Ballbeard: At this point, I am rooting for the super-rich who lead you tards around by the nose, at least they have brains.

Compelling argument.

I've long believed that one of the precipitating factors in the acceleration of the middle class's disappearance, was that the wealthy convinced them that being middle class wasn't good enough.

They bought it, hard. And are now paying. I've never had a moment's sympathy for most of them, these past few years. Decide to believe that you're too good for an American middle class lifestyle, which most people in the world would have killed to have? That's a bankruptcy for you.

Sure, the medical disaster people and similar stories are an exception. But when so many jobs were bullshiat paper-pushing, and so many people bought crap they didn't need and houses that made them feel rich, and kicked the debt can down the road--all the while modeling their obnoxious behavior off celebrities, and looking down on people who didn't care about luxury?

fark you, I hope you like the taste of cat food.

Why Would I Read the Article		2012-07-17 06:08:27 PM

2 votes:

I love all these threads where democrats band together and pretend that the current economic situation is entirely the fault of republicans, and that if only democrats could be elected to all positions, forever, we'd live in a world of rainbows and unicorns and free stuff for everybody and nobody has to work and YAY!!!!

Conveniently ignoring, of course, the fact that Dems have controlled Congress for what, like 65 of the past 80 years? And also the fact that the states that run fervently democratic are typically in the worst financial shape. But if you ignore facts and evidence, Democrats are the best! YAY!

Captain_Ballbeard		2012-07-17 04:43:03 PM

2 votes:

We get what we deserve.

Did anybody really believe that nonsense about us becoming a "service economy" they bandied about while shipping our manufacturing base to the Communist Chinese? Did you really think we would all get rich staying in each others hotels, eating in each others restaurants and blowing half our income on cheap Chicom plastic crap built to fail?

Suckers.

At this point, I am rooting for the super-rich who lead you tards around by the nose, at least they have brains.

SevenizGud		2012-07-18 05:15:52 AM

1 votes:

The problem with this country is we don't punish success enough, and we don't reward failure enough.

I think tax at the top level should be 100%, or even more in some cases.

And that money should be given to people who don't work so that they can buy all the same things that you had to pay for. Hey, it's only fair!

DrPainMD		2012-07-18 04:27:33 AM

1 votes:

Weaver95: EnviroDude: economy losing steam? obvious tag is obvious. When the feds borrow trillions to give to the states so they can pay their bills, then refuse to do it again and again and again, of course the economy is going to slow down.

The funny thing is that when the US hits a recession in or around Feb 2013, it will be Romney's fault.

once again - our economic situation is not the fault of one person or one political party. it didn't happen overnight either - it took us decades to get into this mess, and a LOT of people making a lot of bad decisions. plenty of blame to go around for it.

the problem is that we've got a Republican party that just doesn't give a f*ck about fixing the economy. actually, they don't care about anything OTHER than making Obama a 'one term president'. they aren't going to help fix a damn thing, not with the economy, not with health care, not with unemployment. Because they believe that anything that goes right will get Obama re-elected...and that's something they do not want to happen.

Now i'm not saying the Republicans want to crash the economy. of course they don't. But they DO see economic troubles for the country as an opportunity to attack Obama. And that's what's so sick and demented about the GOP these days....that they see economic hardship and suffering as a useful political environment in which to work.

What makes you think that:
A) the economy can be fixed?
B) anybody in DC knows what the fix is?
C) that they would implement the fix if they knew what it was?

xaveth		2012-07-18 01:20:47 AM

1 votes:

It's been wonderful so far! Let's have even more of this for the next 4 years.
Vote Democrat!

tjfly		2012-07-17 11:26:35 PM

1 votes:

Rev. Skarekroe: If we'd just lower taxes on the job creators they'd start hiring people and this whole thing would be resolved in days.

I bet you can somehow say "1 + 1 = 2" in a REEEEALY sarcastic way.

BigLuca		2012-07-17 09:34:45 PM

1 votes:

I know what will restart the economy
3.bp.blogspot.com

1.21 JOOJOOFLOPS!

One Big Ass Mistake America		2012-07-17 06:36:21 PM

1 votes:

Atomic Spunk		2012-07-17 05:52:37 PM

1 votes:

Bernanke is supposed to allay fears. For example, he tried to calm everyone in 2007 when he said that rising foreclosures and mortgage delinquencies will not cripple the U.S. economy. We all know how that played out. So now that Bernanke is painting a gloomy picture of the economy going forward, I'm starting to worry a bit. Sure, he's been wrong before, but when he's wrong, he's usually on the rosier side of wrong. So if he's right, we're screwed. If he's wrong, we're seriously screwed. I've cashed out my funds and am waiting to see what happens next.

dryknife		2012-07-17 05:48:11 PM

1 votes:

Gary Johnson!

The Green Manalishi		2012-07-17 04:58:03 PM

1 votes:

Weaver95: BillCo: The really sad thing is that Obama spent 1.5 years driving us further into debt with an unsustainable welfare program and completely ignored the economy and jobs. Is this the change you hoped for?

so...what is it that you think Obama could have done to make corporations hire more people and/or stop outsourcing jobs overseas...? because I'd really like to know how you'd have done things differently.

You already know the answer to this. Behold the GOP 5 step plan:

1. Cut taxes
2. Deregulate
3. Don't be black
4. Don't be Democrat
5. Cut taxes

Wash, rinse, repeat. If it doesn't work, you just haven't cut taxes enough.

Lord Dimwit		2012-07-17 04:30:17 PM

1 votes:

So you're saying we're in serious Belgium?

GAT_00		2012-07-17 03:48:45 PM

1 votes:

Weaver95: BillCo: The really sad thing is that Obama spent 1.5 years driving us further into debt with an unsustainable welfare program and completely ignored the economy and jobs. Is this the change you hoped for?

so...what is it that you think Obama could have done to make corporations hire more people and/or stop outsourcing jobs overseas...? because I'd really like to know how you'd have done things differently.

Tax cuts will magically do it.

By the way, I found something fun yesterday. The CIA World Facebook estimates all kinds of things, including the amount of taxes, as a percent of GDP. The US is listed at number 188 out of 210 countries, at 15%.

This is what overtaxed looks like.

FloydA		2012-07-17 02:16:36 PM

1 votes:

Obama's jobs bill was submitted in September 2011. So far, it has not been allowed to come up for a vote.
Meanwhile, Republicans in the House have held 33 votes to repeal the ACA ("Obamacare"), all unsuccessful.

BillCo		2012-07-17 02:14:13 PM

1 votes:

The really sad thing is that Obama spent 1.5 years driving us further into debt with an unsustainable welfare program and completely ignored the economy and jobs. Is this the change you hoped for?