Comments on: Fed Throws More Cold Water On Economy

Chairman Bernanke Admits "Numerous Difficulties" And "Significant Challenges" Face U.S.

[deacon20081]

I am amazed at the rediculas claims on this board that the "Dems" are at fault for the woes of the country. George Bush and Cohorts are totally responsible and being in a state of denial is futile.
The destruction of our economy is hardly the Democratic Party''s fault.
Can you cons say " An Amero for your thoughts "

[white777-2009]

Porky Pig wants the taxpayers to bail out more Bush corporate crony scandals

[dchu76]

The economy was doing fine untill the Democrats took control of congress. Oil seems to be the bigest economic problem. Sending more people who oppose dilling to congress won''''t make the ecomony better.
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Posted by cbk16 at 02:19 PM : Jul 15, 2008

your lack of understanding of economy is evident. By suggesting that we drill that will lead to cheaper oil, someone explain to me why oil companies will spend all that money only to dilute thier profit????
And the oil companies already have gas fields, they just arent drilling there. For the same reason i already stated, lower supply is better for the companies. Their costs stay the same but profit goes up. Use some logic.

[ianlou]

the LIBS took over congress. The rest is history.
Get out of the way LIBS, there''''s work to be done!
Posted by mbcsmith

Name one Dem led law passed that contributed to this **********.

Helll, name one GOP led law blocked by the Dems that could have helped prevent this **********.

Face it, This situation is owned 100% by the Republican Party and multiple bonehead post from you, mbcsmith, won''t change that Fact.

[arlt1627]

The Dems are ineffectual and spineless and don''''t care at all about the rest of us who are suffering. The government crumbs being thrown about won''''t help the average person, either. With the banks teetering, this is a great time not to have that much money in savings. Pity the folks who will be lucky to recover 50% of anything over $100k in IndyMac, for example. Presumably they knew what the risks were, but didn''''t spread their accounts out to make sure they maintained a balance of no more than $100k. Learn the lesson and that is not to have more than $100k in one account. Of course, the government says we''''re all insured for up to that amount, but things can happen. How solvent is the FDIC to cover these losses if more banks were to fail?

Posted by Credibility2

And this is the Dems fault? Where were the Republicans from 2001-2006 when the housing industry leaped off the charts and began making unbelievably risky loans and creative financing to create the bubble in the first place???? Oh wait....I know that answer already.

[sunset56]

There is little doubt that the UNITED STATES economy is edging closer to collapse. The US is facing not just a recession but a depression and almost everyone in the US mainstream press is in denial. The major cable news networks prefer to run story after story on celebrity *** scandals and other perversions than to talk seriously about the tanking US economy..

[randynason]

Like the other businesses that Bush has run into the ground in the past, so is the U.S. about to nose dive. A few, short months ago, no one wanted to say the "R" word. Now, we''re already into the throes of the recession and it looks like there''s no escape for any of the other countries, either. This war has really botched things up and affected everyone on this planet. Thank you, George, for pointing out all our flaws so that we can see WHO we are, and where we''re going.

[credibility2]

The Dems are ineffectual and spineless and don''t care at all about the rest of us who are suffering. The government crumbs being thrown about won''t help the average person, either. With the banks teetering, this is a great time not to have that much money in savings. Pity the folks who will be lucky to recover 50% of anything over $100k in IndyMac, for example. Presumably they knew what the risks were, but didn''t spread their accounts out to make sure they maintained a balance of no more than $100k. Learn the lesson and that is not to have more than $100k in one account. Of course, the government says we''re all insured for up to that amount, but things can happen. How solvent is the FDIC to cover these losses if more banks were to fail?

[arlt1627]

Gas was $2.12 /gal, housing ownership was at all time high and the equity markets thrived. THEN the LIBS took over congress. The rest is history.
Get out of the way LIBS, there''''s work to be done!

Posted by mbcsmith

Yep.....housing equity was all artificially created by lenders and others related to the industry. All of it was "paper" value and not actual value. Then it collapsed and its neither party''s fault.....its greedy corporations, realtors, and individuals that bought off more than they could chew.

[mbcsmith]

The economy was doing fine untill the Democrats took control of congress. Oil seems to be the bigest economic problem. Sending more people who oppose dilling to congress won''''t make the ecomony better.


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Posted by cbk16 at 02:19 PM : Jul 15, 2008



Gas was $2.12 /gal, housing ownership was at all time high and the equity markets thrived. THEN the LIBS took over congress. The rest is history.
Get out of the way LIBS, there''s work to be done!