Wow, we finally have a Larry Summers sighting . . . I was wondering where some of the sharper "tools" in the shed were hiding! http://news.yahoo.com/s/ap/20090313/ap_on_go_pr_wh/obama_economy And on Sunday we have Ben Bernanke appearing on "60 Minutes" to reach out to the average American with an "Economics for Dummies" presentation. Interesting developments.
God help us with Bernanke. Were going to follow his stupid policies and be in even worse shape in a year or two
The funny part is that 60 minutes is supposed to be for the smarter american. Bernanke will just do the usual thing about misleading people. He will say banking is important, therefore it's ok to spend trillions to save it. He won't say whether his attemps will even save the system, or if it's the best way. If it's called Economics 101, and if it's by the Fed cheif, you know it's propaganda, because those that are eating it up don't know any better.