Quaker

Ferguson or Krugman, Which One Is Right?

Neither Bernanke or Obama's "plans" had anything whatsover to do with the US economy. The primary purpose was to insure that the same 12 guys who run the world on Friday run it on Monday.

These "economic debates" are like having a wife that's a slut and debating how much she loves you. The majority of money created between 2000 and 2007 were not created by the fed, it was created by trade deficit financing. To understand the problem the US faces, neither Ferguson or Krugman has the perspective to help you.The guy to focus on is Fernand Braudel.

Obama and Bernanke's "plans" won't work because they're not designed to work. Obama's trying to control Washington. People who think politicians care about them are morons. How in the hell are you going to get an economic recovery when the people who ultimately pay the bills are up to their eyeballs in debt? To close a $3.2 trillion deficit you need $15 trillion in new GDP. This from a country where 25% of the population is negative on their house, 75% of the population is negative on their cars and ATV's and has $8,000 in unsecured debt?

The only reason we're coming out of this recession is that the government is manipulating the dog shit out of the statistics. According to last months jobs report we created 43,000 jobs in construction and 67,000 in Leasure and Hospitality.

Ifyou believe that, you deserve Krugman, Ferguson and Bernanke.