Bernanke on 60 Minutes: I Did Not Have Sexual Relations With That Free Money

Watch him squirm, have you ever seen a more awkward exchange in your life?

Just because our dear Fed Chairman has made two appearances on national TV now with this last 60 Minutes appearance (his first was in March of 2009, when the market should have tumbled flat on its face and scraped its cheek but instead surged upward, defying reasonable critics' expectations) does not mean he is actually comfortable showing up in a tie to defend his decisions over the last two years.

100% confidence huh? By my calculations that would require bulletproof faith in the exit strategy he doesn't have, surely Ben Bernanke is smarter than that?

Unfortunately, I gather that Bernanke doesn't hold our own intelligence in high regard.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


LossAngeles said...

It's shocking how his voice stutters throughout the interview. He's nervous and it shows badly. Silver prices are the market saying it doesn't like all this "easing" aka money printing.

Graybeard said...

There's so much stupidity in that interview it's hard to know where to start, but this is the Headline of the Day and will be linked to.

How about this for a start. Ben says the problem is that education is creating "two americas"; if you have a college degree unemployment is 5%, but if you have a HS diploma it's 10%. The good doctor (yet again) doesn't appear to understand the very basic concept of "supply and demand". The reason that the people with a college degree are preferred will not be cured by giving everyone a degree, just like poverty isn't cured by raising the minimum wage.

I guess I've come down to choosing between only two alternatives: stupidity or malice. In the case of much of the government, I've reluctantly chosen "B". Looks like the same here.

CarDogg said...

"Our middle class is our strength. We are the world’s powerhouse, and we need to maintain it. No more can we let a currency manipulation from the Federal Reserve and World Banks hold us back. We don’t need the fed, we don’t need debt. We need REAL." - Joshua Gamen

goldtracker said...

ROFL that is so funny. You have the best post title I've seen on this from anywhere on the web today. KUDOS!!!