Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.
quote by Bill Gross
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Related quotes
We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.
quote by Franklin Raines
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My Question to Alan Greenspan and Ben Bernanke
When banks went bankrupt, to bail them out
The government gave them a cushy handout
When the rest of economy went to recession
The government tried to make a good impression
It printed trillions of fiat money
To rescue all friends of the Easter Bunny
To provide the necessary wherewithal
To spend its way out of the hole
The politicians were not aware
While they built the bridges that lead to nowhere
That money is also a finite resource
They had good intentions: for better or for worse
Inflation and taxes beyond any doubt
Caused my retirement fund wipe out
My finances were trapped, I couldn’t get any cash
When stocks and bonds have turned into trash
I was paying my mortgage & credit card debt
I spent money wisely, my expenses were capped
With banks in default, the dollar’s inflating
I still retain 5-star credit rating
Hey, Mr.Bernanke and Mr.Greenspan
Something is wrong with your genius plan
Would you, please, tell me, whose fault is that -
People are suffering and banksters are fat?
***
August 23,2009
poem by Slava Olchevski
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In the middle of a recession, where we're just climbing out of it, where the economy -unemployment is still at 9.7 percent, the idea of raising taxes and reducing spending is a prescription for disaster.
Today, our economy is divided: fifty percent is the public economy and fifty percent is the private economy that includes small companies employing from 4 to 200 workers.
quote by Ibrahim Rugova
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If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.
quote by William Vickrey
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Although children are only 24 percent of the population, they're 100 percent of our future and we cannot afford to provide any child with a substandard education.
Our system of private health insurance that fails to provide coverage to so many of our citizens also contributes to the double-digit health care inflation that is making America less competitive in the global economy.
quote by John Conyers
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In the immediate postwar years, the whole of Europe was in a recession. So first of all, it helped us step out of a recession; it gave a certain amount of speed to the economy. But that was the first step.
quote by Giovanni Agnelli
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Transocean Ltd Vision Gulf Of Mexico Does Not Count
Transocean Ltd. CEO Steve Newman scores on Gulf oil
the company noted 'the tragic loss of life' when BP PLC
exploded their Transocean's Deepwater Horizon oil rig in
the Gulf of Mexico on April 20 2010 killing 11 workers
causing the largest offshore oil spill in American history
Newman brushed the incident off proclaiming company
'exemplary' safety record which “met or exceeded certain
internal safety targets concerning frequency and severity
of its accidents, according to the filing with the Securities
and Exchange Commission on Friday.” Newman loves
putting out fire with gasoline getting big bonuses shafting
ocean environment with explosion policy profit not safety
is mean and a commission appointed by President Barack
Obama agreed stated explosion was caused by a series of
time money-saving decisions deliberately made by policy
Transocean, BP and oil services company Halliburton Inc.
These companies “created an unacceptable amount of risk.”
Newman environment can burn hang conservation ideology
reflected in blue lighter fluid burning of protective red tape
was polished off in the company regulatory filing bonuses
“appropriate as a way to recognize its executives' efforts in
'significantly improving the company's safety record' and
implementing a new internal planning system” (called burn
baby burn record 200 million gallons spilled oil stupidity)
Transocean Ltd further boasting 'exemplary' safety record
executives efforts 'significantly improving the company's
safety record' proudly continued stated “Those efforts have
'enabled the company to maintain its financial flexibility
during a challenging period, ('the tragic loss of life') while,
at the same time, positioning the company for sustained
growth in the future.' Achieved without handicap safety
first life saving policy limiting losing profit unforgivable
Transocean Ltd. CEO Steve Newman soaks up a calculated
by The Associated Press $5.8 million compensation package
after spilling 200 million gallons of oops accident crime oil
into beautiful Gulf of Mexico because nature does not count
Copyright © Terence George Craddock
Source article ‘Transocean gives safety bonuses despite deaths’ by Jordan Robertson, AP Business Writer.
poem by Terence George Craddock
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And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it.
quote by Barack Obama
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Exciting Upholstery
Acrostic:
Unbelievable talent shown by an amateur
Padding the sofa and two small armchairs
Handwork so neat on the old-fashioned suite.
Objective accomplished beyond all our cares
Leisurely work, and flaws there are none.
Selecting the colours was so very much fun.
This talent maybe used in days of recession
Economy's the word, 'upholstery' the obsession.
Regular orders, and a business could thrive...
Yes! the chosen material is about to arrive.
poem by Joyce Hemsley
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This majority is working for America, and one of those ways is we have tremendously low unemployment. This economy has created millions of new jobs, and we are expecting growth this first quarter of somewhere higher than 4 percent.
quote by Marsha Blackburn
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Small businesses provide 75 percent of new U.S. jobs and are the backbone of our economy, and no outdated ban should be keeping small business owners from collecting the same interest their money could earn if it were held by an individual.
Currently, Boston has only nine percent of the state's population - but we provide more than 16 percent of the jobs and 19 percent of the state's revenues.
quote by Thomas Menino
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The fact is that surveys which media people openly admit to show that fewer than twelve percent of their customers believe they're doing a good job, while the average profit margin in television is in the neighborhood of eighty percent.
quote by L. Neil Smith
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The difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery.
A comprehensive national energy policy is critical to our nation's economy and our national security. Energy expenditures account for about 7% percent of our total economy and influence pricing in the much of the rest of the economy.
quote by Heather Wilson
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Fed Accountability?
Trillions funneled to undisclosed banks
By an unaccountable “Federal Reserve”
Congress did nothing, economy tanked
After Bernanke pitched Sanders a curve
poem by Ray Lucero
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More than one-third of Mexicans in the United States own property in Mexico, nearly 80 percent send money home and 25 percent have a spouse in Mexico. Assimilation and becoming an American citizen are not the objective for many of them.
quote by John Shadegg
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Most people live ninety percent in the past, seven percent in the present, and that only leaves three percent for the future.
John Steinbeck in The Winter of our Discontent
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