Thursday, June 23, 2011

Ben Bernanke is puzzled

We've allowed the government to spend almost a trillion dollars on make-work projects to stimulate the economy. 

We've destroyed almost 3/4 of a million automobiles so we could recycle the metal and make new automobiles (see: Cash For Clunkers)

We've introduced ObamaCare, a program that has scared the living shit out of anyone foolish enough to consider hiring new employees. 

The Federal Reserve is printing new de-valued money faster than McDonald's prints Happy Meal boxes.

We've elected a president who would have to study for 5 years to rise to the level of "economic idiot".   

The National Labor Relations Board is now telling companies where they can and cannot build factories. 

The Democrat Party is floating all sorts of potential policies to raise taxes and punish success. 

And Ben Freakin' Bernanke, chair of the Federal Reserve, says he doesn't "have a precise read on why this slower pace of growth is persisting".   

I swear to God, he said it. 


Anonymous said...

I blame the ATMs.

That Damn Libertarian said...

I blame the designated hitter.

The Whited Sepulchre said...

I blame George W. Bush, and what we inherited, and the worst economic situation since the Great Depression, and the blah blah blah blah blah....

Hot Sam said...

They're blaming high oil prices, Japanese disasters, and the weather - as if those haven't happened before.

Job growth has stalled. If government policy provided any wind, it's gone from the sails. But I don't believe their policies moved ships any more than yelling at the sails would propel them.