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Putin, the new Ceasar. Veni,Vidi, Vici!
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http://opinion.latimes.com/opinionla/2011/10/ben-bernanke-capitol-hill-testimony-faltering-economy.html

Observations and provocations
from The Times' Opinion staff

Ben Bernanke does a Jack Nicholson on Capitol Hill
October 5, 2011 | 7:01 am

i
Remember Jack Nicholson's famous line in "A Few Good Men"?

"You can't handle the truth!"

Well, Fed Chairman Ben Bernanke went all Jack on Capitol Hill on Tuesday. As Times reporters Jim Puzzanghera and Don Lee wrote:

In two hours before Congress' Joint Economic Committee, Bernanke painted a gloomy picture of the economic recovery, describing it as "close to faltering." He predicted there would be no quick pickup in new jobs and again urged lawmakers to come up with a credible plan to deal with federal deficits.

Gee, Ben, way to fire up the troops!

Aren't our elected officials supposed to tell us that the good times are just around the corner?

But, like Nicholson's Col. Nathan Jessep, Bernanke was just getting started:

His frustrations emerged more sharply and vividly than in the past. He empathized with anti-Wall Street protesters who, in marches in New York, Los Angeles, Chicago and elsewhere, have been blaming big financial institutions, including the Fed, for the economy's woes.

"Very generally, I think people are quite unhappy with the state of the economy and what's happening," he said. "They blame, with some justification, the problems in the financial sector for getting us into this mess and they're dissatisfied with the policy response here in Washington.

"On some level I can't blame them," he said. "Like everyone else, I'm dissatisfied with what the economy is doing right now."

Which is nice, really, when a government official is as dissatisfied as the rest of us.

Of course, Ben has a job. And he makes $191,300 a year. Which probably makes him a little less dissatisfied than most.

On the other hand, you and I don't have to deal with questioning from dopey congressmen on such things as whether the central bank's low-interest-rate policies are encouraging excessive government borrowing (South Carolina Republican Rep. **** Mulvaney) or how to address the downtrodden real estate market (Irvine Republican Rep. John Campbell).

How about "I don't care" and "I don't know"?

Not to mention Greece. You wouldn't think the home of Plato, Socrates and Archimedes could cause so much trouble (although there was that little kerfuffle over Helen and that prince from Troy):

In his congressional appearance, Bernanke noted that the European debt crisis has been "a significant source of stress in global financial markets."

U.S. banks do not have a large direct exposure to debt from troubled nations such as Greece, Portugal and Ireland, he said, but a disorderly default by any country in the Euro zone would cause "a huge amount of financial volatility globally," damaging the U.S. economy.

But Bernanke's a problem solver. He's well educated. He's experienced. He's blunt.

Here's his measured opinion:

"So it's a very, very serious risk if that there were to happen," he said. "And that's why it's extremely important that the Europeans continue along the lines that they have been on, which is to try to address that situation."

Well, OK, so much for Ben the straight talker. Apparently, Congress can only handle so much truth.

But one thing's for sure: Bernanke's appearance Tuesday should put to rest those Republican accusations that he's an Obama homer.

--Paul Whitefield
 

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Walker1847
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http://www.msnbc.msn.com/id/44785704/ns/us_news-crime_and_courts/?gt1=43001

NBC News and news services
updated 19 minutes ago
CUPERTINO, Calif. - Authorities are searching door to door with guns drawn in neighborhoods near a Northern California quarry where a gunman killed two co-workers and wounded six at a morning meeting.
Schools were on lockdown or closed in the Silicon Valley city of Cupertino as SWAT teams sought Shareef Allman, 47.
Allman also is suspected of wounding a woman in an attempted carjacking in Cupertino more than two hours later.
Santa Clary County Sheriff's Lt. Rick Sung said Allman was at the routine safety meeting at 4:30 a.m., became disgruntled and left. He said Allman then returned and started shooting people.
Authorities are still searching the quarry for possible victims. About 15 workers were evacuated and being kept at a safe location.
Allman, from San Jose, reportedly was carrying a 9mm handgun and a rifle.
"The only reports we have right now is that he was disgruntled and he was unhappy. Whether it was work-related or home-related, we don't know at this point," said Santa Clara County Sheriff's spokesman Jose Cardoza.

Allman was a truck operator at the Permanente Cement Plant and also produced and hosted a public access television show for CreaTV in San Jose.
He was one of 130 series producers who came in once a month and provided content, said Suzanne St. John-Crane, executive director of CreaTV. She said she had spoken with him numerous times but did not know him well.
"Based on what we know now, we're shocked and devastated and feel for the families of the victims," St. John-Crane told The Associated Press. "But he didn't work here. I want to make that clear. We're very frightened."

After leaving the quarry, the suspect reportedly attempted a carjacking at the nearby Hewlett-Packard parking lot, shooting a female driver in the leg. He did not manage to get the car from her.

Three of the victims were taken to Santa Clara Valley Medical Center, including the woman shot in the carjacking, hospital spokeswoman Joy Alexiou said. One victim was treated and released, while the other two were in fair condition, she said. Their names were not immediately released.
Another victim was taken to the emergency room at Stanford University Medical Center in Palo Alto, but the hospital could release no other details, spokeswoman Paula Zimlicki said.
In nearby Sunnyvale, another injured person was found in a parking lot, reported KNTV, but it was not clear if that was connected to the workplace shooting.
Allman is described as African American, 5'11'', and 260 pounds, with numerous tattoos, according to KNTV.
Allman has a minor criminal record, consisting of driving with a suspended license and a 1992 misdemeanor charge for forgery, reported The San Jose Mercury News.
Permanente Cement Plant, owned by Lehigh Hanson, Inc., is a limestone and aggregate mining operation and cement plant located in the foothills above Cupertino.
 

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Walker1847
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Surprising that the DOW is up 50 pts even with Bernanke's doom and gloom.....
 

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Just zis guy, you know?
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In two hours before Congress' Joint Economic Committee, Bernanke painted a gloomy picture of the economic recovery, describing it as "close to faltering." He predicted there would be no quick pickup in new jobs and again urged lawmakers to come up with a credible plan to deal with federal deficits.

Gee, Ben, way to fire up the troops!

Aren't our elected officials supposed to tell us that the good times are just around the corner?
What a load of bullcrap. I'm no lover of Bernanke, but I had to stop reading after that line. THAT is exactly what's wrong with this country. We shouldn't be electing politicians to spew comforting platitudes while everything goes to hell.
 

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:sarcasm I hope nothing bad happends to him while he is in the quarry. It is very dangerous their. :sarcasm
 

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Walker1847
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What do you think? Legal or illegal guns?
 

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I can't get past the notion that the Fed is neither elected by or accountable to the citizens of the United States of America, but who am I to question.
 

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Walker1847
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This comment from the msnbc website is classic:
"With all the strict gun laws in California how do things like this keep happening?? It's almost as if criminals don't care about laws."
 

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Ya think?

Walker1847 said:
This comment from the msnbc website is classic:
"With all the strict gun laws in California how do things like this keep happening?? It's almost as if criminals don't care about laws."
 

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Putin, the new Ceasar. Veni,Vidi, Vici!
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Discussion Starter · #14 ·
jetfan1616 said:
What a load of bullcrap. I'm no lover of Bernanke, but I had to stop reading after that line. THAT is exactly what's wrong with this country. We shouldn't be electing politicians to spew comforting platitudes while everything goes to hell.
I believe that was said with a healthy dose of sarcasm... ;)
 

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Walker1847 said:
This comment from the msnbc website is classic:
"With all the strict gun laws in California how do things like this keep happening?? It's almost as if criminals don't care about laws."
Almost....they really do care
 

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Just zis guy, you know?
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Mad Russian said:
I believe that was said with a healthy dose of sarcasm... ;)
You know, I thought that at first too. Then after reading the rest of the articleopinion, I wasn't sure. The fact that I even have to question that is pathetic.

Sarcasm or not, it IS happening more and more. We don't elect people based on what they can/will do. We elect people who say what we want to hear.
 

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just working to improve,one round at a time
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Mmmm. Let me think, we get 40cts of every buck the fed gov. Spends from China. And no one has the testies to say NO MORE! Live with what you take in now and take 10pct to pay it back.
Can't do that, all the kids marching on wall street would be out of funding.
 

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just working to improve,one round at a time
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Mmmm. Let me think, we get 40cts of every buck the fed gov. Spends from China. And no one has the testies to say NO MORE! Live with what you take in now and take 10pct to pay it back.
Can't do that, all the kids marching on wall street would be out of funding.
 

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In all fairness to the criminals....Has anybody ever taken the time to ask "Pookie" the rock sling'n hood rat crack dealer if he cares or not......I don't think it's right if we just jump to conclusions in such a haphazard manner.
 

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eastplayer87 said:
illegal 1 was full auto
Has that been confirmed? I can't find it in any news report. Besides, as far as the news is concerned, "full auto" can mean anything not single-shot black powder.
 
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