"Bernanke calls for budget deficit cuts" by Jeannine Aversa, Associated Press | October 20, 2009
WASHINGTON - Federal Reserve chairman Ben Bernanke called yesterday for the United States to whittle down its record-high budget deficits and for countries like China to get their consumers to spend more....
This after he FLOODED the market with dollars and destroyed you currency, America!
to reduce global imbalances, such as Asians savings too much and Americans savings too little.
Given the WEALTH GAP in AmeriKa he has SOME NERVE! After all the LOOT HE GAVE to his FRIENDS?
Oh, right, he's a ***.
Money from countries with trade surpluses like China has flowed into the United States, a factor thought to have contributed to the low interest rates that helped feed the US housing bubble.
Yeah, it was ALL CHINA'S FAULT, uh-huh!!
So WHAT WAS the FED DOING all this time? Thumb up its ass?
Bernanke said the best way for the United States to increase savings is to steadily reduce the federal budget deficits. He didn’t suggest ways to do so.
He was FOR the STOLEN STIMULUS, right?
Fielding questions after his speech, Bernanke said the United States is in a “difficult fiscal situation’’ and that Congress and the White House must find ways to boost confidence in the US economy and the dollar. He said he thinks those stakes are “very well understood in Washington.’’
Red ink from the budget deficit reflects costs of spending on wars in Iraq and Afghanistan and on fighting the financial crisis at home. It also reflects the bite of the recession on tax revenue, which plunged.
THEN END the DAM WARS based on lies and STOP SHOVELING TAX LOOT at CORPORATIONS and WALL STREET!
Countries with trade surpluses, like China and most Asian economies, must get their consumers to spend more and rely less on export-led growth, Bernanke said....
Right, while EXPORTS are the ONLY THING RISING here in AmeriKa and are viewed as integral to the "recovery."!
So WHY WAS IT A GOOD IDEA to SHIP OUR FACTORIES OUT, Bennie?
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