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Why aren't we all giving credit where credit is due for this robust economic recovery we have had thanks to the Federal Reserve? Record stock market and the housing market rescued and propped up, times have never been better thanks to QE and trillions in artificial liquidity used to prop up our zombie banks on Wall Street. The Fed's balance sheet has never been bigger, and times have never been greater. I think it is time we give Dr. Bernanke a big round of applause for our robust economic recovery. Now we just need to focus on inflating away that $17.5 trillion in national debt, and find a way to get that labor force participation rate up from record lows. But then again, maybe the free money will last forever!
Because it is too easy to bad mouth what he did when the effects of pain and hopelessness similar to the great depression aren't felt. Had we allowed chaos and total collapse of the economy with 25% unemployment, soup lines, and tent cities no one would be second guessing his actions, and the other board members. Hoovers ideals failed in the 30's and those same ideals would have had the same effect today!
However, with sites like this we can play armchair quarterback and poke at the ideals in our warm homes and full bellies.
Why aren't we all giving credit where credit is due for this robust economic recovery we have had thanks to the Federal Reserve? Record stock market and the housing market rescued and propped up, times have never been better thanks to QE and trillions in artificial liquidity used to prop up our zombie banks on Wall Street. The Fed's balance sheet has never been bigger, and times have never been greater. I think it is time we give Dr. Bernanke a big round of applause for our robust economic recovery. Now we just need to focus on inflating away that $17.5 trillion in national debt, and find a way to get that labor force participation rate up from record lows. But then again, maybe the free money will last forever!
I don't know why people despise him so greatly. He pursued a fairly prosaic and predictable monetary policy during his tenure as fed chair.
Because truth in politics is not a requirement, and any issue can be used as a tool to gain agenda.
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