karennma
8,057 posts
msg #98998
- Ignore karennma |
2/10/2011 5:21:17 AM
Google today's headline (2-10-11)
Quote:
Bernanke to Congress: We're Much Closer to Total Destruction ..
"Sustained high rates of government borrowing would both drain funds away from private investment and increase our debt to foreigners, with adverse long-run effects on U.S. output, incomes, and standards of living. Moreover, diminishing investor confidence that deficits will be brought under control would ultimately lead to sharply rising interest rates on government debt and, potentially, to broader financial turmoil. In a vicious circle, high and rising interest rates would cause debt-service payments on the federal debt to grow even faster, resulting in further increases in the debt-to-GDP ratio and making fiscal adjustment all the more difficult."
UNQUOTE
Well, Ben.
Why don't you just do another TARP ... You pumped up the market with TARP 1 & 2. Just do a TARP 3.
Or how about some more "quantitative easing". You 've done QE 1 & 2. Why not just do a QE 3?
The DOW will go to 20,000 and everything will "look" fine.
Same shit, different day.
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