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Reader Comments (Page 1 of 1)
3-20-2008 @ 11:26PM
User said...
How can you blame Bernanke for that? He's the one FIXING the Economy. Of course since 1913 our dollar has depreciated! Let's get real! I suggest taking a course in Economics. Right now inflation is NOT the big problem.
Reply
3-21-2008 @ 3:53PM
BK said...
Holding your fingers in your ears and yelling "LA LA LA LA LA LA LA!" while everyone was frantic about the US showing signs of recession is not fixing the economy. Or how about the value of the dollar tanking? Sorry, the Fed as it stands today is trying to balance too many aspects with too few variables with no oversight.
3-22-2008 @ 2:29PM
undrgrndgirl said...
yeah...he's FIXING the economy all right...
3-22-2008 @ 3:23PM
User said...
The Fed can't figure out what to do because they are unprepared for the global model of the new economy. They have to figure out what to do. That's why we just have to live with this. (The Feds are made up of some of the best economists in the world. It's hard to blame them if they don't know exactly the outcome of what they do.) If you're going to get angry at something get angry at the massive spending on the Iraq war and the massive lack of savings that Americans had that caused us to be peaked so shortly.
We really have to start saving when we peak and stop going into debt. Even when I drive into a city like East Palo Alto (very poor) I see many brand new S-Classes, 300's, and expensive rims... That is not right. Everyone in America wants to pretend like they're rich so they go into debt to do it. Then we fall into all sorts of economic challenges and the Fed gets blamed.
Sorry guys, but we really have to get together and learn how to spend our money properly. (As in... Not go into debt.) :) We really shouldn't use the Feds as scapegoats and realize the true problem: us.