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Old 02-24-2009, 08:42 AM
 
35,016 posts, read 39,141,005 times
Reputation: 6195

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"If the Administration, the Congress and the Federal Reserve work together - and ONLY if they do - the recession should end in 2009 and 2010 will be a year of recovery."

Very clear and frank speech - once a transcript is available everyone should get a good feel for the history of and projections for the economic situation.

He's just now starting a Q&A on CSPAN 3.
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Old 02-24-2009, 08:48 AM
 
Location: PA
5,562 posts, read 5,680,664 times
Reputation: 1962
Quote:
Originally Posted by delusianne View Post
"If the Administration, the Congress and the Federal Reserve work together - and ONLY if they do - the recession should end in 2009 and 2010 will be a year of recovery."

Very clear and frank speech - once a transcript is available everyone should get a good feel for the history of and projections for the economic situation.

He's just now starting a Q&A on CSPAN 3.

HAHAHAHAHAHAHA its so nice the federal reserve is there is continue the lies and make us believe the printing more fake dollars will suddenly just go away.
Hope Ron Paul is there to actually ask some serious questions like what business they have printing dollars and who is part of the federal reserve, what bankers and owners.
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Old 02-24-2009, 08:53 AM
 
Location: West, Southwest, East & Northeast
3,463 posts, read 7,303,667 times
Reputation: 871
Quote:
Originally Posted by delusianne View Post
"If the Administration, the Congress and the Federal Reserve work together - and ONLY if they do - the recession should end in 2009 and 2010 will be a year of recovery."

Very clear and frank speech - once a transcript is available everyone should get a good feel for the history of and projections for the economic situation.

He's just now starting a Q&A on CSPAN 3.
Boy, Bernanke has been right so often I'm sure he's right about this too... Yeah, sure!!!

When the recovery does happen (and it would happen WITHOUT stupid Obama's spending package) watch what hyper-inflation does for people!!!

The Fed and the Obama administration should have let the market dealt with the recession. It is self-correcting - we did NOT (and DO NOT) need to increase our country's deficit. It will haunt us for generations to come...
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Old 02-24-2009, 09:10 AM
 
Location: West, Southwest, East & Northeast
3,463 posts, read 7,303,667 times
Reputation: 871
Even if the economy does start to recover late in 2009 it will still be extremely weak in 2010 with STAG-FLATION. Then WATCH OUT for HYPER-INFLATION with all the newly borrowed and freshly printed money...
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Old 02-24-2009, 09:18 AM
 
1,048 posts, read 2,387,181 times
Reputation: 421
Send lawyers, guns, and money.

They'l get us out of this!
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Old 02-24-2009, 09:21 AM
 
Location: Raleigh, NC
20,054 posts, read 18,275,532 times
Reputation: 3826
Quote:
Originally Posted by LibertyandJusticeforAll View Post
HAHAHAHAHAHAHA its so nice the federal reserve is there is continue the lies and make us believe the printing more fake dollars will suddenly just go away.
Hope Ron Paul is there to actually ask some serious questions like what business they have printing dollars and who is part of the federal reserve, what bankers and owners.
Careful, you might be put in jail for claiming those precious dollars are "fake" in a short time.

Maybe even retroactively.
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Old 02-24-2009, 09:57 AM
 
35,016 posts, read 39,141,005 times
Reputation: 6195
FRB: Bernanke, Semiannual Monetary Policy Report to the Congress
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Old 02-24-2009, 09:59 AM
 
Location: West, Southwest, East & Northeast
3,463 posts, read 7,303,667 times
Reputation: 871
Federal Reserve chief says full recovery from this recession will take more than two or three years.
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Old 02-24-2009, 10:01 AM
 
35,016 posts, read 39,141,005 times
Reputation: 6195
Yes, full recovery.
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Old 02-24-2009, 10:19 AM
 
1,591 posts, read 3,551,196 times
Reputation: 1175
Ah, he's just reacting to yesterday's huge stock market drop -- trying to stop the bloodbath.
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