What is amazing is that this guy, gets "Time - Man of the Year" and never gets any attention from Obermann's "Worst Person of the World" segment...Obermann can only focus on partisan politics. America has been duped - by the media, by the politicians and by the regulators and financial elites. What a sad day it is that the deed has been done. Bernanke has accomplished his goal of assuring a crisis of mammoth and many more orders of magnitude greater than 2007 and 2008.
Whatever the man is smoking, I think we have a right to know. Below is an excerpt of the outright and easily debunked manipulations that Mr. Burnake spewed today:
- Initial claims for unemployment insurance have generally been trending down, and indicators of job openings and firms' hiring plans have improved
- QE 'Effective at easing financial conditions'
- Recovery likely to be 'more rapid' in 2011 than 2010
- 'Overall inflation remains quite low'
- Recovery in consumer, business spending may be solid
- Economy seems to have strengthened in recent months