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Garbage from Our Government

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March 14, 2008 – Comments (7)

Let's begin here: US Pres Bush praises Fed, says Chairman Bernanke "doing a good job ...

This could only come from the same, language-impaired leader who gave us, "heckuva job, Brownie!" Bernanke has done a horrible job of managing this credit crisis. Let's not forget he was part of the Greenspan rubberstamping crew, and he spent years failing utterly to oversee the lending practices that have gotten us here.

Bernanke's inability to understand the basic problem with the lending markets, and his pompous refusal to do anything to tighten lending standards, stand as Some of the biggest blunders ever by a man in his office. Sure, he was dealt an awful hand by easy All but you don't bluff on a pair of Deuces, not with Trillions at stake.

Bush, alas, isn't in possession of enough el no sey cosa to know what the problem is, nor how to fix it. His post 9-11 economic miracle was to have been a lucky beneficiary of asset bubble two. But, as with his entire life, a guy born on third, thought he hit a triple.The irony is that both of these jokers want to be seen as strong leaders-yet both are too cowardly to tell the truth.

7 Comments – Post Your Own

#1) On March 14, 2008 at 1:02 PM, TMFBent (99.83) wrote:

What are YOU buying today?

Depends on what happens to all those puts I'm short!

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#2) On March 14, 2008 at 1:10 PM, AnomaLee (28.88) wrote:

A man that plays economic charades now has a face to match. Watch as he sponges your money away without a whisper.

Let's give this guy a medal!
 

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#3) On March 14, 2008 at 1:51 PM, tomnsung (88.98) wrote:

Recumbent Seth:

What are YOU buying today?

I know that you are recumbent on the bicycle, not on the job!

Tom

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#4) On March 14, 2008 at 1:54 PM, abitare (58.10) wrote:

I like to take the opposite side of this guy, but lets watch and see:

 

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#5) On March 14, 2008 at 2:32 PM, TDRH (99.76) wrote:

"a guy born on third, thought he hit a triple"- that is classic.   If you don't mind I am going to "borrow" that.

I feel sorry for the next president because he/she is going inherit an economic cycle worse than the one that Jimmy Carter faced.  Administration will last  4 years if they are lucky.

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#6) On March 14, 2008 at 2:42 PM, AnomaLee (28.88) wrote:

LOL @ this Cramer video - "THEY KNOW NOTHING!"

I think Jim Cramer is normally right speaking about macroeconomics in the monent. The crazy thing is Bear Stearns was trading at $109 in this video....

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#7) On March 14, 2008 at 2:56 PM, TMFBent (99.83) wrote:

"a guy born on third, thought he hit a triple"- that is classic.   If you don't mind I am going to "borrow" that.

Feel free. IIRC, I stole it from a guy named Mike Reisel with whom I worked, and I don't know whether he made it up or stole it from someone else.

As a (Pulitzer-winning) photojournalism professor of mine used to say when you complimented him on an idea, "Oh that? I stole that from the guy who stole it from the other guy..."

Sj

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