Tag Archives: Ben Bernanke

Takin’ It to the Streets!

From THE HILL:

House Majority Leader Eric Cantor (R-Va.) described Wall Street protesters as a mob on Friday and implied Democrats were egging them on.

In a speech to the conservative Values Voter Summit, Cantor said he was “increasingly concerned by the growing mobs” and criticized Democrats who have showered praise on the protesters in New York and other cities.

“Some in this town have actually condoned the pitting of Americans against Americans,” Cantor said.

Funny how he never seemed to have a problem with the Teabaggers or the bullshit of Rethugs trying to diss Democrats by consistently saying the Democrat party instead of Democratic.  Pettiness and derision and division seem to be just fine with widdle Ewic Token Cantaw until someone picks on his rich buddies.

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Filed under Barack Obama, Democrats, humor, Mitt Romney, movies, Nancy Pelosi, parody, politics, Republicans, Rick Santorum, snark, Wordpress Political Blogs

Oh Henry!

From Barron’s:

BABY, IT’S COLD OUT THERE. So let’s toss another billion on the fire.

What’s that make it? Well, let’s see: $29 billion for Bear Stearns, somewhere between $1 billion and $100 billion each for Fannie and Freddie (a nice narrow range), $85 billion for AIG, a couple of hundred billion to keep stray banks, brokers and their errant kin from asphyxiating themselves by swallowing toxic paper. And then there’s the proposed reincarnation of the Resolution Trust Corp., which all by itself may mean shelling out $800 billion, perhaps even as much as $1 trillion.

While we’re at it, we might as well include the $400 billion with which the Paulson-Bernanke grand plan envisages endowing the Federal Deposit Insurance Corp. so it can insure money-market funds.

But, please, understand those mind-boggling sums in no way, shape or form are to be construed as designed to aid and abet a bailout. Instead, they are merely the essential ingredients of an “intervention,” or, if you prefer, a “rescue” — just about anything, in other words, that’s semantically sweeter than bailout, with its ugly connotation of a sinking ship.


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Filed under 2008 election, Chimpy, Congress, George W. Bush, humor, John McCain, movies, parody, politics, Republicans, snark, Wordpress Political Blogs

Economic Stimu-less

WASHINGTON (Reuters) – Federal Reserve Chairman Ben Bernanke on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession — but warned such a plan could do more harm than good unless put together quickly.

So, if it wasn’t an election year, a recession would be okay?


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Filed under Chimpy, Congress, George W. Bush, humor, movies, parody, politics, snark, Wordpress Political Blogs