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Saturday, November 28, 2009

Lies the Federal Reserve Tells

http://money.cnn.com/2009/11/28/news/economy/bernanke_oped/
Bernanke: Don't tamper with the Fed

Just a few short years ago, Ben Bernanke explained to the world at large, that there was nothing wrong with our economy, and that the mortgage market was so strong it could weather any crisis that was likely to arise.

With the same great insight he has displayed in the past, Ben Bernanke claims that there should be no limits and no oversight on the Federal Reserve Bank. He claims that they have been doing such a good job, that they should be allowed to continue doing what the have been doing all along. Evidently the Communist-In-Chief, Barack Hussein Obama, agrees as he has nominated the Ben Bernanke for the same position.

After all, the only point of the Federal Reserve Bank is to "promote financial stability and to help steer our economy to recovery without inflation". They have been doing such a good job so far, there is no reason why they shouldn't continue.

After all, our Communist-In-Chief, Barack Hussein Obama, has proclaimed the depression has been averted, even though there are no jobs, people are losing their houses and businesses are going bankrupt faster than we can count.

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