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(CBS News)   Ben Benanke to House Republicans: You mooks are farking the economy over six ways to Sunday, it's time to knock that shiat off   (cbsnews.com) divider line 48
    More: Obvious, Federal Reserve Chairman Ben Bernanke, fiscal policy, Republican, MoneyWatch, prepared testimony, High Frequency Economics, Federal Open Market Committee, Jim O'Sullivan  
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2601 clicks; posted to Politics » on 17 Jul 2013 at 1:15 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



48 Comments   (+0 »)
   
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2013-07-17 01:14:27 PM
What's really scary is that Europe is so, so much worse off.
 
2013-07-17 01:21:21 PM

DamnYankees: What's really scary is that Europe is so, so much worse off.


What's REALLY scary is that this what the House GOP wants to happen in the US.
 
2013-07-17 01:21:45 PM
Isn't that the plan? Slow the economy so the black guy in the WHITE House looks bad? The 1% are still doing okay, so why should the Republicans care?
 
2013-07-17 01:23:31 PM
Um, Ben, I hate to break it to you but that is the intent.

Their best chance for sweeping the next election -- and it looks like it is working -- is to totally wreck the economy and blame it on the tax-and-spend liberals. So don't expect your statement to change anything.
 
2013-07-17 01:23:49 PM

Granny_Panties: Isn't that the plan? Slow the economy so the black guy in the WHITE House looks bad? The 1% are still doing okay, so why should the Republicans care?


Obama doesn't care about white people.

www.hotflick.net
 
2013-07-17 01:25:23 PM
No shiat.
 
2013-07-17 01:25:29 PM
Bernanke: "Hey, you guys hear the one about the opposite of progress?"
 
2013-07-17 01:25:32 PM

Granny_Panties: Isn't that the plan? Slow the economy so the black guy in the WHITE House looks bad? The 1% are still doing okay, so why should the Republicans care?


Honestly I'm thinking/hoping its for the best. Once things have gotten back to normal it will be on much more solid ground than the typical boom/bust cycle that has plagued us for the last 40 years.  That saying, they are still assholes.
 
2013-07-17 01:32:18 PM
Just keep printing the money!  It never runs out and we'll be happy forever!
 
2013-07-17 01:33:27 PM
if economic conditions were to improve faster than expected, and inflation appeared to be rising decisively back toward our objective

ZOMG hyper-inflation Weimar Republic Zimbabwe buy numismatic gold coins from LineGold at a 250% markup hoard guns damn that dijon-mustard-eating Obama who's not humble and hates whites.
 
2013-07-17 01:40:33 PM
You'd have better luck convincing Trayvon's dad that George Zimmerman was not involved in Trayvon's death.
 
2013-07-17 01:47:25 PM
I must've read a different article than subby. That's the only explanation.
 
2013-07-17 01:50:28 PM

cabbyman: Just keep printing the money!  It never runs out and we'll be happy forever!


i51.tinypic.com
 
2013-07-17 01:50:38 PM

un4gvn666: I must've read a different article than subby. That's the only explanation.


You must've missed Bernanke saying this:

"The risks remain that tight federal fiscal policy will restrain economic growth over the next few quarters by more than we currently expect or that the debate concerning other fiscal policy issues, such as the status of the debt ceiling, will evolve in a way that could hamper the recovery," he said.

That's the only explanation.
 
2013-07-17 01:53:26 PM

El Pachuco: un4gvn666: I must've read a different article than subby. That's the only explanation.

You must've missed Bernanke saying this:

"The risks remain that tight federal fiscal policy will restrain economic growth over the next few quarters by more than we currently expect or that the debate concerning other fiscal policy issues, such as the status of the debt ceiling, will evolve in a way that could hamper the recovery," he said.

That's the only explanation.


Stupid reading comprehension....

Thanks.
 
2013-07-17 01:57:07 PM
Umm... No, he didn't say any such thing. The fact that this is the thread that got greenlighted just demonstrates what a liberal saugefest Fark is.
 
2013-07-17 01:58:13 PM

SpankMeJohnny: Umm... No, he didn't say any such thing. The fact that this is the thread that got greenlighted just demonstrates what a liberal saugefest Fark is.


Dude, I made the same mistake you did: not reading the article all the way through.

Check out El Pachuco's post 2 posts above yours.
 
2013-07-17 02:01:43 PM
"Their best chance for sweeping the next election -- and it looks like it is working -- is to totally wreck the economy and blame it on the tax-and-spend liberals. So don't expect your statement to change anything."

The stupid Boomers have been falling for this shiat for decades. Until some generation of US voters send the GOP/Right wing out of power as punishment, they may take the entire country down out of spite.
Seriously, if circumstances arise where things crashed bad enough over here to take us down low, if our enemies thought they had a chance, don't think they wouldn't give it a try.
Once they get the US down, don't think they'd ever let us back up, they'll salt the ground first.
/It takes a large tax base to support the US military.
//quit jerking with the economy, you idiot republicans
 
2013-07-17 02:03:00 PM
I still don't see the part where he says the Republicans are responsible, That's just what your delusional brain wants to read into it.
 
2013-07-17 02:03:18 PM
who in the hell does Ben Shalom Bernanke think he is? some kind of economist?

Oh that's right, he is, and i'll take his advise any day of the week over any piece of shiat waste of a vote obstructionist House tard.

*sigh*

/needs moar coffee.
 
2013-07-17 02:07:25 PM

SpankMeJohnny: That's just what your delusional brain wants to read into it.


or exclude from it i suppose, do delusions work both ways?
 
2013-07-17 02:11:36 PM

SpankMeJohnny: I still don't see the part where he says the Republicans are responsible, That's just what your delusional brain wants to read into it.


Refusal to raise the debt ceiling is entirely a Republican activity, and in 2011 led to the first-ever reduction in the credit rating of the US, despite there being no obstacle to raising the debt ceiling other than Republican votes in Congress.  Those same Republican congressmen are repeating that refusal now and a crisis is expected in September.

The sharp spending government cuts known as the sequester are directly due to the Budget Control Act of 2011, which was part of an agreement with Republicans in Congress to resolve the 2011 debt-ceiling crisis.
 
2013-07-17 02:13:12 PM

SpankMeJohnny: I still don't see the part where he says the Republicans are responsible, That's just what your delusional brain wants to read into it.


What's not to understand? Republicans are the only thing standing in the way of the government making an effort to create jobs.

"The risks remain that  tight federal fiscal policy will restrain economic growth over the next few quarters by more than we currently expect or that the  debate concerning other fiscal policy issues, such as the status of the debt ceiling, will evolve in a way that  could hamper the recovery," he said.

"Tight federal fiscal policy" exists because of Republicans and their irresponsible governance. The issue of the "debt ceiling" only exists because Republicans want it that way.

What do you expect for Bernanke to do, outright call them assholes and point fingers in their noses?
 
2013-07-17 02:26:40 PM

SpankMeJohnny: I still don't see the part where he says the Republicans are responsible, That's just what your delusional brain wants to read into it.


See, you're one of those people that thinks the United States has a budget like a household budget.  See, it's not.  It makes no sense for you to spend every single penny you can earn, beg, borrow or steal, but, see, it makes perfect sense for the U.S. Government to do that. I know, its counter-intuitive, but eventually you'll see.


Take Curmudgeon there; see we all agree it "takes a large tax base to support the US Military".  To you, that means, MORE FEDERAL TAXPAYERS.  See, you, you don't get it.  But see, he gets it, because it really means, FEWER FEDERAL TAXPAYERS.  See, the public is approaching 50% federal tax exempt.  Once we get that up to 65% to 75% federal tax exempt, it'll be happy days.  You'll see.
 
2013-07-17 02:33:21 PM

Zeb Hesselgresser: See, the public is approaching 50% federal tax exempt.


I am going to ask my 13 year old daughter to start chipping in to reduce this figure.  Thanks for bringing it to my attention.
 
2013-07-17 02:35:45 PM

cabbyman: Just keep printing the money!  It never runs out and we'll be happy forever!


We have to start doing that first.
 
2013-07-17 02:52:13 PM

Zeb Hesselgresser: SpankMeJohnny: I still don't see the part where he says the Republicans are responsible, That's just what your delusional brain wants to read into it.

See, you're one of those people that thinks the United States has a budget like a household budget.  See, it's not.  It makes no sense for you to spend every single penny you can earn, beg, borrow or steal, but, see, it makes perfect sense for the U.S. Government to do that. I know, its counter-intuitive, but eventually you'll see.


Take Curmudgeon there; see we all agree it "takes a large tax base to support the US Military".  To you, that means, MORE FEDERAL TAXPAYERS.  See, you, you don't get it.  But see, he gets it, because it really means, FEWER FEDERAL TAXPAYERS.  See, the public is approaching 50% federal tax exempt.  Once we get that up to 65% to 75% federal tax exempt, it'll be happy days.  You'll see.


The number of federal taxpayers is irrelevant. The total of incoming tax revenues is what matters.
 
2013-07-17 03:06:49 PM
Mook is one of the nicknames I give my daughter. Kindly refrain from using it to refer to Republicans.
 
2013-07-17 03:09:31 PM

Zeb Hesselgresser: SpankMeJohnny: I still don't see the part where he says the Republicans are responsible, That's just what your delusional brain wants to read into it.

See, you're one of those people that thinks the United States has a budget like a household budget.  See, it's not.  It makes no sense for you to spend every single penny you can earn, beg, borrow or steal, but, see, it makes perfect sense for the U.S. Government to do that. I know, its counter-intuitive, but eventually you'll see.


Take Curmudgeon there; see we all agree it "takes a large tax base to support the US Military".  To you, that means, MORE FEDERAL TAXPAYERS.  See, you, you don't get it.  But see, he gets it, because it really means, FEWER FEDERAL TAXPAYERS.  See, the public is approaching 50% federal tax exempt.  Once we get that up to 65% to 75% federal tax exempt, it'll be happy days.  You'll see.


Fun facts on US population courtesy of the US Census:
Persons under 18 years, percent, 201223.5%Persons over 65 Years percent, 201213.7%
The poverty rate for people aged 18 to 64 :                                                              13.7 %

13.7+13.7+23.5= 50.9%, so the people "freeloading" and not paying their taxes are children, the elderly and the very poor.
 
2013-07-17 03:10:48 PM
24.media.tumblr.com
This again.
 
2013-07-17 03:15:19 PM

vygramul: cabbyman: Just keep printing the money!  It never runs out and we'll be happy forever!

We have to start doing that first.


totally, cause we so totally aren't at all.

 ok, and this line about household budget or some shiat, is that krugmans ghost chanting through the keyboards of a thousand sycophants?

so, mr. hesselgresser, if that is your appropriate and accepted PGP, are you insinuating that that the country will continue to be impoverished by these policies? if so why? is this perhaps the intended purpose?

why does it make sense for the government to take all the money it can beg, borrow, or steal? is that because its a form of war?
 
2013-07-17 03:18:32 PM

cabbyman: Just keep printing the money!  It never runs out and we'll be happy forever!


snltranscripts.jt.org

President Jimmy Carter: Last week, I delivered a message on inflation. Since then, the dollar has dropped in value, the stock market has sustained record losses, and the whole sow price index increased 0.9%. In other words, our economic system is screwed, blued and tatooed! We just have to face the fact that there is simply no way to fight inflation in a capitolly-intensive, highly-technological, conflict-riddled, anything-for-a-thrill world of today. That's why, tonight, I want you to try to look for in inflation, an entirely new word: Inflation is our friend.

For example, consider this: in the year 2000, if current trends continue, the average blue-collar annual wage in this country will be $568,000. Think what this inflated world of the future will mean - most Americans will be millionaires. Everyone will feel like a bigshot. Wouldn't you like to own a $4,000 suit, and smoke a $75 cigar, drive a $600,000 car? I know I would! But what about people on fixed incomes? They have always been the true victims of inflation. That's why I will present to Congress the "Inflation Maintenance Program", whereby the U.S. Treasury will make up any inflation-caused losses to direct tax rebates to the public in cash. Then you may say, "Won't that cost a lot of money? Won't that increase the deficit?" Sure it will! But so what? We'll just print more money! We have the papers, we have the mints.. I can just call up the Bureau of Engraving and say, "Hi! This is Jimmy. Roll out some of them twenties! Print up a couple thousand sheets of those Century Notes!" Sure, all these dollars will cause even more inflation, but who cares? Everyone will be a millionaire!
 
2013-07-17 03:23:46 PM

knowless: totally, cause we so totally aren't at all.


We aren't. And haven't been. It's understandable why people might think we were, but it's because people generally don't really have a good understanding of economics and monetary policy.
 
2013-07-17 03:41:16 PM

cabbyman: Just keep printing the money!  It never runs out and we'll be happy forever!


Yup, Zimbabwe-style hyperinflation is gonna start any day now!

Aaaaaaaaany day now.
 
2013-07-17 03:41:49 PM

SpankMeJohnny: Umm... No, he didn't say any such thing. The fact that this is the thread that got greenlighted just demonstrates what a liberal saugefest Fark is.



You sound concerned. Maybe you will have less butthurt on Stormfront.
 
2013-07-17 03:52:59 PM

Lord_Baull: SpankMeJohnny: Umm... No, he didn't say any such thing. The fact that this is the thread that got greenlighted just demonstrates what a liberal saugefest Fark is.


You sound concerned. Maybe you will have less butthurt on Stormfront.


1. The article says something.
2. SMJ says the article didn't say that.
3. Therefore, Fark is a liberal sausagefest.

You can't argue with logic like that.
 
2013-07-17 03:55:00 PM
sausagefest  saugefest

Wouldn't want SMJ to complain that I misquoted him.
 
2013-07-17 04:27:38 PM

El Pachuco: sausagefest  saugefest

Woodn't want SMJ to complain that I misquoted him.


Sorry, pet peeve.
 
2013-07-17 04:49:35 PM
"tight federal fiscal policy"

cache.ohinternet.com
 
2013-07-17 05:06:26 PM

Zeb Hesselgresser: SpankMeJohnny: I still don't see the part where he says the Republicans are responsible, That's just what your delusional brain wants to read into it.

See, you're one of those people that thinks the United States has a budget like a household budget.  See, it's not.  It makes no sense for you to spend every single penny you can earn, beg, borrow or steal, but, see, it makes perfect sense for the U.S. Government to do that. I know, its counter-intuitive, but eventually you'll see.


Take Curmudgeon there; see we all agree it "takes a large tax base to support the US Military".  To you, that means, MORE FEDERAL TAXPAYERS.  See, you, you don't get it.  But see, he gets it, because it really means, FEWER FEDERAL TAXPAYERS.  See, the public is approaching 50% federal tax exempt.  Once we get that up to 65% to 75% federal tax exempt, it'll be happy days.  You'll see.


The household analogy didn't even work because household borrow money for their homes, cars, college, credit card dept.....
 
2013-07-17 05:34:12 PM

Zeb Hesselgresser: See, you're one of those people that thinks the United States has a budget like a household budget. See, it's not. It makes no sense for you to spend every single penny you can earn, beg, borrow or steal, but, see, it makes perfect sense for the U.S. Government to do that. I know, its counter-intuitive, but eventually you'll see.

Take Curmudgeon there; see we all agree it "takes a large tax base to support the US Military". To you, that means, MORE FEDERAL TAXPAYERS. See, you, you don't get it. But see, he gets it, because it really means, FEWER FEDERAL TAXPAYERS. See, the public is approaching 50% federal tax exempt. Once we get that up to 65% to 75% federal tax exempt, it'll be happy days. You'll see.


Wow, the levels of FAIL in this post are so many and interwoven that it would take a team of civil engineers several months to even map out the excavation plan.
 
2013-07-17 06:13:23 PM

gretzkyscores: "tight federal fiscal policy"

[cache.ohinternet.com image 562x437]


Next, you can post "How can you tell a politician is lying?  His lips are moving har har."
 
2013-07-17 08:07:31 PM

cabbyman: Just keep printing the money!  It never runs out and we'll be happy forever!


Please share with us your macroeconomic credentials so we can evaluate the degree to which you are just pulling stupid comments out of your ass vs. actually understanding something about the subject.
 
2013-07-17 10:50:07 PM
media2.s-nbcnews.com
"Are they blaming us yet?"
"No; they're still blaming the Republicans."
"Whew... that was close."
 
2013-07-17 11:23:23 PM
IMO Ben Bernanke saved this American experiment of government by the people.

I have watched it play out. He is the current Abe Lincoln. In all seriousness, unless you are a Republican and couldn't care less, listen to to the link.
 
2013-07-18 12:52:33 AM

Delay: IMO Ben Bernanke saved this American experiment of government by the people.

I have watched it play out. He is the current Abe Lincoln. In all seriousness, unless you are a Republican and couldn't care less, listen to to the link.


It hasn't fully played out yet, and when it does, it's going to be a mess. Bernanke's just postponing the inevitable, and when the crash does hit, it's going to be worse than it would have been if they'd done nothing.
 
2013-07-18 02:31:33 AM
Bernake added that "we're focusing too much on the short run and not enough on the long run."
Um.......Duh.
This is what I have been saying for years. We need to focus on long term moderate economic growth.
 
2013-07-18 09:01:00 AM

DrPainMD: Delay: IMO Ben Bernanke saved this American experiment of government by the people.

I have watched it play out. He is the current Abe Lincoln. In all seriousness, unless you are a Republican and couldn't care less, listen to to the link.

It hasn't fully played out yet, and when it does, it's going to be a mess. Bernanke's just postponing the inevitable, and when the crash does hit, it's going to be worse than it would have been if they'd done nothing.


Hard to argue that there'd be a noticeable difference in such a hypothetical crash. Just what is Bernanke doing that's going to make such a difference? Not much.
 
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