Bernanke: Recession Could End in 2009
“This outlook for economic activity is subject to considerable uncertainty, and I believe that, overall, the downside risks probably outweigh those on the upside…If actions taken by the Administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability–and only if that is the case, in my view–there is a…
“This outlook for economic activity is subject to considerable uncertainty, and I believe that, overall, the downside risks probably outweigh those on the upside...If actions taken by the Administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability–and only if that is the case, in my view–there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery.” — Fed Chairman Ben Bernanke
Obama and his wife, both Harvard educated, couldn’t even pay off their own college debt until Obama struck it rich by becoming the poster boy for the Democratic party and subsequently selling a zillion copies of his biography.
To presume that his shotgun style pork barrel government spending will stop this recession is asinine. Obama has absolutely ZERO understanding of the the value of money, which in my opinion is much more dangerous than his comprehension of basic economics.
No government in the history of the world has successfully run a “planned economy” and there’s no way in hell that Obama will succeed either.
The free market works. Let the banks fail. Let failing companies fail. Until folks have faith once again in the United States as the bastion of world capitalism, our economy is doomed.
President Obama has been worse than I could ever have imagined. Bush was just an imbecile. Obama acts as if he’s on a personal mission to destroy the free market and bankrupt the United States in the meantime.
ROTFLMMFAO, BHO. Yes, that line “I can afford it now” will come back to haunt you!!!!!!
“I can afford it now.” This is one quote I will keep in my back pocket.
“Why catch a falling knife?”
No reason, other than it would be lots of fun to watch you try.
“BHO…What’s Plan B in case you are never able to afford that brownstone?????”
Not applicable. I can afford it now. Why catch a falling knife?
***Bid half off peak comps***
Northslope–you ask the question that is on many people’s lips. The unfortunate answer would appear to be no.
Is there some way I could never see one of Brownstones Half Off’s posts again?
I mean, other than leaving Brownstoner.
Oh, and while I’m not optimistic about the economy picking up, once the year v. year comparisons are being made with the bad 3Q 08 numbers and the horrible 4Q 08 numbers some companies will start looking like their performance is improving.
2Q 08 numbers were bumped up from the rebate checks, so 2Q08 v. 2Q09 is going to look unpleasant.
Recession could end in 2009 and the woodchuck could learn swahili.
BHO…What’s Plan B in case you are never able to afford that brownstone?????