Bernanke: Obama's deficits put U.S. Dollar at risk (Congress, health care, independent)

[InformedConsent]

"U.S. Federal Reserve Chairman Ben Bernanke told lawmakers Thursday that the dollar's status as a global reserve currency isn't at risk in the near term, but warned that could change if fiscal deficits aren't brought under control."
Bernanke: Dollar Will Be At Risk If U.S. Doesn't Control Budget Gap (http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200910011134dowjonesdjonline000 589&title=bernanke-dollar-will-be-at-risk-if-dont-control-budget-gap - broken link)

We're screwed unless Obama cuts way back, and gets his spending under control:

"In the first independent analysis, the nonpartisan Congressional Budget Office concluded that President Obama's budget would rack up massive deficits even after the economy recovers, forcing the nation to borrow nearly $9.3 trillion over the next decade."
Obama's Deficit - washingtonpost.com

[HappyTexan]

Bernake saying that ? The man with the printing press who's buying back Treasuries every week ?

HA HA HA HA.

[InformedConsent]

Originally Posted by HappyTexan

Bernake saying that ? The man with the printing press who's buying back Treasuries every week ?

HA HA HA HA.

Yeah... Bernanke can't keep printing to cover current expenses AND Obama's deficits. Something's gotta give...

[pommysmommy]

Seems like Bernanke is trying to throw Obama under the bus. That makes me soooooo sad.

[01Snake]

Originally Posted by pommysmommy

Seems like Bernanke is trying to throw Obama under the bus. That makes me soooooo sad.

Look at the bright side...he will get to see his grandma again.

[AeroGuyDC]

"Wink Wink, Nod Nod. Hear what I say. We're f*cked. But I'll water it down for the American people so they'll think their government has it under control." - Ben Bernanke

[Finn_Jarber]

Originally Posted by HappyTexan

Bernake saying that ? The man with the printing press who's buying back Treasuries every week ?

HA HA HA HA.

Exactly. LOL. He was printing money like there was no tomorrow when Obama was still on the campaign trail.

But then again, he didn't blame it on Obama. That is just plain anti-Obama word twisting in the title of this thread.

[WillysB]

The left elected Obama for the sake of Hope....

the rest of us got two trillion tons of change...


,,,

[bentlebee]

Originally Posted by InformedConsent

"U.S. Federal Reserve Chairman Ben Bernanke told lawmakers Thursday that the dollar's status as a global reserve currency isn't at risk in the near term, but warned that could change if fiscal deficits aren't brought under control."
Bernanke: Dollar Will Be At Risk If U.S. Doesn't Control Budget Gap (http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=200910011134dowjonesdjonline000 589&title=bernanke-dollar-will-be-at-risk-if-dont-control-budget-gap - broken link)

We're screwed unless Obama cuts way back, and gets his spending under control:

"In the first independent analysis, the nonpartisan Congressional Budget Office concluded that President Obama's budget would rack up massive deficits even after the economy recovers, forcing the nation to borrow nearly $9.3 trillion over the next decade."
Obama's Deficit - washingtonpost.com

I just heard there might be a 2nd stimilus coming, because now 15 million people are jobless...9.8% and in Florida it is already way over 10%.

Even government jobs are down by 53,000, so Biden and Obama have some explaining to do...not about the Olympics or health care but about their advisors and their way of counting and acting on the economy and people losing their jobs day by day...wasn't it Obama who stated "if we don't act now more people will loose their job"! Well he acted and look now....

[maskedman]

The first stimulus has done wonders we should hurry up and create another one.