The Ben Bernank.

>> ^RedSky:
Given the rock bottom interest rate and the sheer quantity of other measures I think they've rightly concluded that monetary policy has little effect in stimulating an economy out of a downturn. Really it's common sense and historically all but proven that only actual fiscal spending can stimulate a bearish market, much in the same way lowering taxes would have little effect.

I wouldn't say history has shown monetary policy to have no stimulative effect, ever. I think history has shown that in certain types of recessions, traditional monetary policy can cease to be effective. Which leaves more unconventional types of monetary policy once advocated by an economics professor by the name of Ben Bernanke. If only he was in charge of the Fed right now, maybe we'd see some more of that from the Fed...

>> ^RedSky:
Additionally the Federal Reserve's role is really inflation rate targeting than anything else.

Not true -- what Hayes said is correct, the Fed has a dual mandate of maintaining low inflation and full employment. The Fed tends to focus more on that first part, often at the expense of that second part. That's a bad thing.

>> ^RedSky:
And honestly, when I see MSNBC programs like this blatantly ignoring highly relevant facts, exaggerating their point much in the same way Fox does, (such as by making it seem the Federal Reserve has been passive the past 2 years) it makes me call into question anything else I hear from them.

I agree that to someone who hasn't been following the Fed's actions at all for two years might be left thinking that the Fed has refused to do anything for 2 years. But I don't think that's intentional mischief, I think it's an oversight by people trying to make a somewhat opaque topic understandable to people whose eyes normally glaze over whenever there's talk about the Fed and monetary policy.

Oh, and based on everything I've read, fiscal stimulus would be the preferred tool to use here, it's just that we've got the usual political paralysis generated by Democratic spinelessness and Republican audacity preventing us from using it.

Bush/Greenspan and Obama/Bernanke. It's all the same, really. And, yes, maybe you're right, @volumptuous; I think I misspoke. The recession is endemic of a larger monetary failure dating as far back as 1913. Maybe what I should've said was that the recession was quickened by 9/11.

Great find. Thanks!

The SDIs, with Bernanke's open support, exorted the accounting standards board (FASB) to change the rules so that banks no longer need to recognize their losses.

Man, don't you wish we little fish could do that, too?

Ron Paul is an active youth organizer and deserves to be in the limelight of presidency. Keep things up in the good work. The Bernanke testimony on the Federal Reserve and its role in the current state of economic affairs was hotly awaited, and anyone that knows anything about him knows that Ron Paul was waiting in the wings. The Fed and its chairman are the favorite targets of the Texan libertarian, and he pulled no punches in letting Bernanke know he wants him out of business, and running for payday loans if necessary. The Representative known as Dr. No grilled Bernanke about the fed's activities, disclosures, and interaction with the International Monetary Fund. Ron Paul is sponsor of a bill which would grant auditory power to Congress over the Federal Reserve.

Your video, Hero talks about Bernanke's reappointment, and his failures, has made it into the Top 20 New Videos listing. Congratulations on your achievement. For your contribution you have been awarded 1 Power Point.

>> ^blankfist:
Next on NetRunner's channel: Obama calls out Congress for not bowing down to his greatness,


Cheers for the post. Just out of curiosity how do you like Ben Bernanke? Yeah everyone hates him but he'll stay.

Coming from the guy who appointed Tim Geitner as treasury secretary and let him pay out massive bonuses to AIG execs. Also who isn't too concerned about bringing in a single payer - sorry - public option, a reform that could save your economy ~$150 billion over 10 years. Ohh.. and also coming from the guy who just RE-appointed Ben Bernanke to the head of the Fed!

Please don't get me started about his second troop increase in Afghanistan...

Indeed. A sight to see.

Out of money because your "Conservative" heroes have been robbing them blind for decades to pay for everything that can't be paid for because of all those lovely tax cuts for billionaires and corporate America.

You're forgetting the 3 trillion spent on liberals' failed "war on poverty". Youse libs think that if only you could rob all of America's millionaires and billionaires of 90% of everything they have there'd suddenly be enough money to pay for all the socialist programs so dearly loved? That's total bunk, and even if it were true, the liberal spending spree knows no limits, with the conservative version not too far behind.

It's all a house of cards anyhoo. Obama and Douchebag Bernanke are printing money on toilet paper. Forget gold, buy canned goods and ammo!

>> ^GeeSussFreeK:
>> ^shuac:
>> ^GeeSussFreeK:
I enjoyed him grilling Bernanke , but this just seemed like self congratulatory non-sense, I thought I was watching Micheal Moore. Anyone else get the same sentiment?

Nonsense? Really, nonsense?
You remain true to your namesake. Well done.

What a rude comment when I was asking for others opinions, not slander. Give the man with pork flu a break.


You had to bring SWINES into this!

>> ^GeeSussFreeK:
>> ^shuac:
>> ^GeeSussFreeK:
I enjoyed him grilling Bernanke , but this just seemed like self congratulatory non-sense, I thought I was watching Micheal Moore. Anyone else get the same sentiment?

Nonsense? Really, nonsense?
You remain true to your namesake. Well done.

What a rude comment when I was asking for others opinions, not slander. Give the man with pork flu a break.


What a bunch of poppycock, sir! POPPYCOCK! <removes glove and slaps gsf across the face>

And who'd ever ask for slander? I'll tell you who: ME!

Slander me! Do it! Do it now! I'm right here! What are you waiting for?

>> ^shuac:
>> ^GeeSussFreeK:
I enjoyed him grilling Bernanke , but this just seemed like self congratulatory non-sense, I thought I was watching Micheal Moore. Anyone else get the same sentiment?

Nonsense? Really, nonsense?
You remain true to your namesake. Well done.


What a rude comment when I was asking for others opinions, not slander. Give the man with pork flu a break.

>> ^GeeSussFreeK:
I enjoyed him grilling Bernanke , but this just seemed like self congratulatory non-sense, I thought I was watching Micheal Moore. Anyone else get the same sentiment?


Not in the least.

>> ^GeeSussFreeK:
I enjoyed him grilling Bernanke , but this just seemed like self congratulatory non-sense, I thought I was watching Micheal Moore. Anyone else get the same sentiment?


Nonsense? Really, nonsense?

You remain true to your namesake. Well done.

>> ^GeeSussFreeK:
I enjoyed him grilling Bernanke , but this just seemed like self congratulatory non-sense, I thought I was watching Micheal Moore. Anyone else get the same sentiment?


Congratulatory? Where? He called his rightly own party pussies for not being able to do anything, and rightly called the Republicans obstructionists for simply being against whatever the Dems are for, no matter the issue.