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Bernake stays...
- Thread starter robeiae
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I guess he's also appointing Paul Krugman as the unofficial economic spinmeister for another term? 
He and Helicopter Ben get along so well, after all.
He and Helicopter Ben get along so well, after all.
I think I was hearing estimates about those general stats even before Obama took office.
But to keep it one hundred, rob, the part you bolded isn't necessarily refuted by the above stats. Obama said the recovery plan is keeping jobs that would've been lost, not ending or reversing the climb of unemployment. One could take that to mean unemployment might have peaked at 11.4% instead of 10.4% if not for the recovery plan. God knows I'm nobody's apologist if they don't share my last name, just saying though...
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Interesting how the Bernanke story is overshadowing the $7-9 trillion projected deficit, which is HUGELY bad news for the white house, as it's drastically more than they've anticipated.
This morning I heard some commentators speculating that the timing of the Bernanke re-appointment announcement is extremely calculated in an effort to "backburner" the deficit announcement.
This morning I heard some commentators speculating that the timing of the Bernanke re-appointment announcement is extremely calculated in an effort to "backburner" the deficit announcement.
But then why do the charts of what's happened look like this?
http://michaelscomments.files.wordpress.com/2009/06/stimulus-vs-unemployment-june-proj-dots.gif
I don't know what that looks like, I can't access it at work.
Anyway, I'm not arguing that anything is the case one way or another, so asking me why is kind of pointless. I was just passing by to highlight a hypothetical and jab rob with a long, pointy, jabby twig.... as I am wont to do...
God, you just can't win, can you?? Bernanke prevents a catastrophic meltdown and people are still griping and grumbling. It wasn't what I wanted, but at least he took a stand and followed through - the most important thing - and dragged us out of the mire.