Bernanke: The Second Most Destructive Central Banker in the History of the US Economy
In the Pragmatic Capitalist's eyes, number 1 is Greenspan. Who else agrees? Also, Bernanke thinks that higher taxes will help "fix things" - I'm not sure what economics text taught him that this would work but someone needs to make sure that one has been rewritten or possibly burned.
I have never been a big fan of Bernanke’s, but I will spare everyone the rant on his mistakes and how we don’t fund our deficits with taxes. This is more absurdity from our leadership. Tax increases would crush any sliver of a recovery we might be seeing. What we really need is more efficient spending (this is not the time for healthcare or paying banker salaries), lower taxes, and more regulation. Of course, none of this surprises me. I would be utterly shocked if we look back at Ben Bernanke in 10 years and describe him as anything other the second most destructive central banker in the history of the U.S. economy.
The consumer will be responsible on both ends to cover the administration's inability to fund its overextended operations - or rather, the administration's need to service the debt that has gotten it this far.
The parasite is about to burrow through to the brain. Just sayin. Isn't the government meant to have its own self-interests at heart? Killing the host does not satisfy that directive.