Bernanke to Congress: Don't mess up again. Please.
August 26th, 2011
01:32 PM ET
3 years ago

Bernanke to Congress: Don't mess up again. Please.

NEW YORK (CNNMoney) - Remember that crazy, bitter debt-ceiling debate this summer? The one that created a half-baked debt reduction plan and led to the country's first-ever credit-rating downgrade?

Federal Reserve Chairman Ben Bernanke certainly does. And he had a simple message for Congress on Friday: Don't do it again. Seriously. Never, ever, ever again.

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Filed under: Ben Bernanke • Congress • Economy • Federal Reserve
soundoff (12 Responses)
  1. ConservaFASCISTS/TEAliban/TEAhadists

    The 112th Congress is incompetant and ignorant all thanks to the TEAliban House Mr. Bernanke. They don't care if they tank the economy. They're financial terrorists and enemies of the state. They're only goal is to crash the economy so they can blame it all on the President.

    August 26, 2011 01:37 pm at 1:37 pm |
  2. Rudy NYC

    Big Ben,
    Your words are falling on deaf ears and thick heads. You need to tell the American voters "not to mess up" again. Haven't you figured that out for yourself? I thought you were smart, dude.

    August 26, 2011 01:41 pm at 1:41 pm |
  3. Wire Palladin, S. F.

    Good luck trying to get Boner, Cantor and the other tea bagger dwarfs to do something for America. They are so bad, that they make mediocrity look good.

    August 26, 2011 01:43 pm at 1:43 pm |
  4. Me

    DON'T BLAME CONGRESS!!!
    BLAME THE PEOPLE!!!
    WE are responsible for this debacle that was the debt ceiling debate. WE either let this happen or WE made this happen.
    This is our fault. We didn't vote during the midterm elections and those who did voted in Tea Party candidates who have no problem with the United States defaulting on it's debt obligations.
    If the same people that voted for Obama returned to the polls and voted during the midterm election, WE WOULDN'T BE GOING THROUGH THIS RIGHT NOW!
    The people get the government we deserve and our apathy and impatience brought this government to us.
    ELECTIONS HAVE CONSEQUENCES
    ELECTIONS HAVE CONSEQUENCES
    I said, ELECTIONS HAVE CONSEQUENCES
    and right now we are paying the price.

    August 26, 2011 01:44 pm at 1:44 pm |
  5. Democrat Class Warfare - Destroying the economy, destroying the country

    Of course it will happen again. The Democrats simply refuse to act responsibly and cut spending to match revenues. It is better we have these small epsiodes to get the course of this country back on track than to continue down the path of the Democrats to total financial collapse and bankruptcy when we have $100 TRILLION in debt and unfunded obligations. How much confidence will that instill in investors???

    And BTW Bernanke, YOU must STOP printing money and devaluing the dollar and causing high inflation. How about YOU take care of your business before criticizing others?

    August 26, 2011 01:49 pm at 1:49 pm |
  6. diridi

    Congress is idiotic to cut spending at the time we need to spend. It is a game in politics, if smart, Americans are watching. To blame Obama, It cries on spending, in fact, we need to tax the rich who make more than 250k or more to generate the revenue. True, True, True, Instead, GOP held congress wants to cut Medicare, Social Security. If people are in the right mind, they never vote for another Republican idiots. Educated telling. Truth....

    August 26, 2011 02:10 pm at 2:10 pm |
  7. Dominican mama 4 Obama

    Bernanke is right. Unfortunately he is spitting into the wind.
    Don't think for one minute that it matters to the Rethugs that a repeat of this summer's episode could truly, truly damage the economy. As a matter of fact I'm sorry he pointed that out because that was, and is in fact the Republican's plan: run the economy back into the hole so that Obama wouldn't be re-elected. Do anything that is harmful to the country so that Obama won't get re-elected.
    I'm going to sit this dance out guys. The last time I got caught up in one of the RethugliKKKlan's most transparent display of treachery and treason, this summer's debt-ceiling "debates, I got agita.

    August 26, 2011 02:12 pm at 2:12 pm |
  8. T'sah from Virginia

    Bernanke to Congress: Don't mess up again. Please.
    Get it together the right way – we don't want you to squeeze
    it into the last-minute on the clock when you know that you should
    get it right in a bipartisan way for America's common good!!!

    It's the "Head Strong and Dead Wrong" far-RIGHT and not so far-RIGHT maniacs who want President Obama to be a one-term President and will go through every mean to TRY and make that happen at any cost!!!! Such LOSERS!!!

    Obama/Biden 2012!!! Yes We Can!!

    August 26, 2011 02:17 pm at 2:17 pm |
  9. vic , nashville ,tn

    What you are talking about , they only know how to make a mess

    August 26, 2011 02:17 pm at 2:17 pm |
  10. Name king

    Benny Benny Benny, you just don't get it. The tea baggers just don't give a dam on how much they distroy this country, they just want to see BARRACK OBAMA BE A ONE TERM PRESIDENT!!! They don't care if they have to move mountains or swim the oceans, they certainly don't give a dam of destroying this country just to blame him because they know how gullible Americans are. Hey they're gonna get him, so just brace for another impact because they're going to try every thing in their arsenal, and since congress which is controlled by repug tea baggers is more powerful than the presidency, it's only a matter of time, before they try something again
    to ruin us all over again.

    August 26, 2011 02:21 pm at 2:21 pm |
  11. Mark in CA

    Why does he think the Tea Party will listen to reason when they were founded on big corporations pulling the wool over the eyes of angry citizens?

    August 26, 2011 02:54 pm at 2:54 pm |
  12. A True Centrist

    Unbelievable. President Obama has increased the national debt by $4trillion in just two and a half years in office. For those of you who don't know, that's just about what GW Bush (you remember, the horrible President before this horrible President) did in his 8 years as President. That's the problem...stop blaming Congress for trying to have some common sense, and start blaming the out of control White House.

    August 26, 2011 03:01 pm at 3:01 pm |