Bernanke sez little relief for high unemployment

eridani

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Thu Apr-15-10 11:37 PM
Original message

Bernanke sez little relief for high unemployment

http://www.manufacturing.net/article.aspx?id=252012

Federal Reserve Chairman Ben Bernanke told Congress Wednesday that he has confidence the unfolding economic recovery will have staying power, although it won't be strong enough to bring quick relief to high unemployment.

Bernanke, testifying before Congress' Joint Economic Committee, also once again called on lawmakers and the White House to come up with a plan to whittle down record-high budget deficits.

Even though sizable deficits right now are "unavoidable" given the damage wrought by the recession, the persistence of red ink raises risks to the country's long-term economic health, he said.

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Yeahyeah

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Thu Apr-15-10 11:40 PM
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1. People need to take over.

Edited on Thu Apr-15-10 11:45 PM by Yeahyeah

How big a mountain of money is this douchebag sitting his fat can on?

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Canuckistanian

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Thu Apr-15-10 11:43 PM
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2. HE'S got a job, I see

And I can't imagine why.

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valerief

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Thu Apr-15-10 11:45 PM
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3. Why isn't HE unemployed????? nt

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PinkFloyd

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Fri Apr-16-10 12:18 AM
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4. I've always wondered...Why did Obama keep some of Bush's people?

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girl gone mad

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Fri Apr-16-10 04:18 AM
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5. We have a Fed chairman who lacks even a basic understanding of monetary theory.

How screwed up is that?

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