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Bernanke to Testify Before Congress Today (2/14)

Do you think Dr. Paul will be there to question him?

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Is this what RP could have been eluding to...

in his address the other day when he said things may be different or something before the convention? Makes me wonder if he knew how this was playing out.

The Fed

Should be abolished immediately. It does nothing positive and hurts the long run viability of the American economy. We are all much worse off today due to the establishment of the Fed 95 years ago. There is nothing else to do but abolish the Fed.

yes you're right

But America hasn't hit rock bottom yet in order for the mood to change.

It's hard to listen to them

even discussing the US Gov't owning US Corportations

Right?

As someone posted yesterday, they're going to save capatalism by becoming communists... erm, hello?

Bernanke is not a happy camper

Probably wishes he never took this job. He always looks like he hasn't gotten any sleep. What a sorry mess he has to spin.

I did hear at least one Senator

stress that what they are talking about is the future of everything....ability to stay in homes, feed the family, send children to college and concern that action is both quick and adequate. Rock_Ben_Hard Place :)

good points Susan

I didn't see it on tv. Thanks for the update.

I would LOVE to ask helo ben one question

What would/will happen when Americans decide not to take any new debt on? (No more new loans...no more credit card purchases....)

It already happening Jeff

Consumer attitudes toward debt are changing, and changing fast

www.howestreet.com/articl...

Entitlement Topic

They are saying they must deal with entitlement programs; SS, medicare, medicaid or risk losing AAA Bond rating.

On National Health-care, will this be considered another entitlement program and if so, how can this be added to the mix at all, with or without covering all the illegals, in light of the urgent need to trim those future obligations back?

Why are they talking about domestic spending cuts when facing

budgets over the next ten years. Have any of them listened to the campaign promises of ANY of the so called front runners which call for adding MORE domestic spending???????????????

ummmm National Socialized Health-Care comes to mind.

Hello right hand, said the left hand.....whatcha doin?

Not a huge conspiracy theorist

when it comes to the purposeful devaluation of the dollar.. but you've gotta wonder sometimes. I think my dog could to the math better... blah.

here they do the

here they do the opposite

http://www.forbes.com/mar...

Sigh

a short recognition that food is sky-rocketing but little else thus far

Yes at this moment

He on CNN.com is is announcing "no recession for 2008. and the economy is "fundamentally strong", maybe he has us mixed up with Dubai?

I'm thinking he has never done the grocery shopping

much less tried to budget expenses. Inflation hurts when raises to counter it have been non-existent for years

Well

If Ben says it's ok, that's a load off my mind... I'd thought looking around the past few years that we were in trouble. I'm going to run out and get another home loan and another new car.. woot!

Ahem...

Ahem... I believe you meant to say "w00t".
:-)

Yea,

I've been eying a red ferrari for awhile, so having heard him, I think I will throw caution to the wind, and just go for it!! If money gets a little tight, I can fall back on that check they will send in May.

A strong economy doesn't need a stimulus package

Paulson and Bernanke say everything is okay folks. No problems predicted for 2008. The economy is strong!

http://money.cnn.com/2008...

Where have I heard that before?

http://www.youtube.com/wa...

http://www.youtube.com/wa...

Any idea

what exactly he is talking about this time? Probably just about how everything is going to be just fine.

Of course

That's all he ever says... Everything is just fine. No worries. Honky Dory, We believe...... Well I believe, that the people that hear what he says are no longer believeing it. The band-aids aren't working anymore.

http://www.monex.com/gvi?...

Bernake Paulson and Cox

indication of further cuts probably

Talk of another .5 whack

Is the buzz this morning... let's see.. ;)

Woo Hooo Refinance here I

Woo Hooo Refinance here I come!

Well if Dr. Paul is there

to question him it would be worth watching, but he usually just has a very blank look on his face when questioned.

Back to the front so people know

9:41 am est

I have only CSPAN 1 and 2 on Direct TV but FoxBusiness is saying he will be on

What Time EST

Bump

C-SPAN 3 at 10:00 a.m. ET

Just to say again...not in the House, but in the Senate...and it's C-SPAN 3. Want to make it clear for those who might take an interest, thinking they might hear Dr. Paul.

Thanks and seriously cool name

I'm a turtle but haven't thought of a neat way to express that yet.

A turtle?

lol

compared to eagles turtles are 'marginalized' but I didn't pick

it....what's a raboon?

hahahaha!!!! I'm a raboon.

hahahaha!!!! I'm a raboon.

Just checked C-SPAN

It'll be before the SENATE committee(s), not the HOUSE, so he won't. Darn!

That would be awesome!

I have been looking forward to watching. Wonder what Bernanke's demeanor will be?