September 8th, 2011
03:23 PM ET
9 years ago
Bernanke to Congress: Don't sacrifice recovery
New York (CNNMoney) - Sounding a bit like a broken record, Ben Bernanke once again urged lawmakers to not put the recovery at risk as they focus on slashing government spending over the long haul.
While the Federal Reserve Chairman's comments were nothing new, they seemed perfectly timed to coincide with the first meeting of the 12-member bipartisan debt super committee Thursday.
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He advised investors to buy Mortgage Back securities while he personally knew they were bad investments. Why should anyone take advice from Ben Bernanke?
The private sector is creating jobs. Even last month, close to 70,000 if you adjust for the Verizon strike. That's about 18 consecutive months of private sector job growth. We are sheding jobs in the public sector, which might be good after the economy recovers, but right now it's killing us. But then, if the GOP allows the economy to recover, Obama will get reelected, right? You don't think they would sacrifice the American public for their own selfish political ends, do you?
If America recovers under Obama's leadership, Obama will get the credit for it. The Republicans in congress will not allow this to happen. The republicans know that they need Obama AND America to FAIL in order to regain power.
So, as you can clearly see, The republicans are going to doe everything they can to make Obama and America FAIL.
To us Independents, the chairman's comments are NOT redundant. He needs to remind congress to keep country first and not partisan politics. The country is watching and blaming everything on Obama is not working.
Please strongly emphasize to them Mr. Bernanke that they can't keep paying chicken wiith our recovery. Gov. Yeehaw Perry called Mr. Bernanke treasonous. Well abviously he hasn't paid attention to the treasonous House TEApublicans.
Mr. Bernanke, the republicans don't want a recovery, that would be bad for them politically. And if the majority of the nation has to suffer so they can score cheap political victories, then (as boehner says...) so be it. I can smell the cynicism and distain the republicans have for the average american. Their plan is working as planned, they ruin the Obama admin and they cripple the faith in the US government – because as they see it, even though they were elected for a purpose – they have no responsibility in this debacle – no reason to work toward recovery. It's pretty anti-American.
The repugs came into power singing jobs jobs jobs, yet they've cut almost a million jobs since they took power didn't introduce not one job bill. They say they want to shrink government jobs, yet the failed to realize that government jobs are jobs too, and small businesses depend on government spenders way more than private spenders because government spenders are more stable than the stock pushed private sector spending. If these repugs keep sucking up to the tea baggers to kill government jobs, they will get what coming to them next election.