source:
http://www.msnbc.msn.com/id/26850571
what a moron....we risk a recession if we don't bail them out? First off, we're already in a recession, and second off, we need a recession/depression, as it will be a
much need (albeit massive) correction.
If any of you watched CSPAN this morning, I wondered if you guys caught one of Bernanke's comments; I'm not sure, exactly, what he was referring to, but he said that "general price increases are good for the economy" then he mentioned something about it helping it grow better (or something like that).
Last I checked, Ben, increased prices mean a contracting economy, because people can't afford to buy as much with a paycheck that is stagnating.
Sad...so sad...
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