You are going to fall off your chair, spit your coffee on your screen, tear out your hair or maybe just go sit in a corner and blubber a bit once you read this. By going forward, you have to sign a contract saying you won’t sue me or send big mean people over to beat my ass for being the messenger for the audacity of the lying liars that comes after.
Ok, if you have signed, you may read on.
Guess what our buddies at the Fed are saying just now? Food, medical, gasoline, legal and illegal drugs; everything you purchase right now is more expensive by an incredible amount that it was just a year ago. 6 months ago. In the case of gasoline, Yesterday.
Fed chief: Risk of major downturn ‘diminished’
I was going to add more of the story just now, but you know what? Just that simple minded statement from the administration that thinks we all are as stupid as their base needs some commentary.
Please, I pray to you, oh Beard of Enlightenment Ben Bernanke (to be known from here forward as BOEBB), tell me how after the news of unemployment jumping in one month more than it has in 22 years, and with all the other rotten financial goings on going down, how is it possible that teh risk of major downturn has been diminished?!?
Despite a recent spike in the nation’s unemployment rate, the danger that the economy has fallen into a “substantial downturn” appears to have waned, Federal Reserve Chairman Ben Bernanke said Monday.
Addressing a Fed conference in Chatham, Massachuseets, on Monday night, Bernanke said a government report last week showing the unemployment rate rising from 5 percent in April to 5.5 percent in May — the biggest one-month jump in two decades — was “unwelcome.” However, the Fed chief said other forces should “provide some offset to the headwinds that still face the economy.”
The Fed’s powerful doses of interest rate cuts, the government’s $168 billion stimulus package, further progress in the repair of problems in financial and credit markets, a gradual ebbing of the drag from the deep housing slump and still solid demand from abroad for U.S. exports should help the economy over the remainder of this year, he said.
OK. I’m going to call a spade a spade here.
What a damned liar! You mean to tell me, oh BOEBB, that nothing new in a positive light has happened economically since you last cut rates, the government sent each of us back $600.00 of our own tax money, the housing market is still sh*t (my wife is a realtor, take my word on this), and solid demand for U.S. exports because our DOLLAR is so DEVALUED right now that everybody else in the world is buying the few remaining products we manufacture here in the U.S. is supposed to be giving myself and my fellow American citizens a real cozy and warm feeling that things are getting better? Financially? This country, right? USA?
BOEBB, you are more of a lying sack of shit than your predecessor, and that is saying a lot.
Is there anyone in the current administration that won’t sell their soul to George W. Bush so he can come out of the other side of this past 8 years of pain and agony only looking like Satan’s dog instead of Satan himself?
If you want to read the story it is here: