Jamesb101.com

commentary on Politics and a little bit of everything else

A year ago with Geithner, Paulson and Bernanake…and the bottom dropping out….

This piece reminds of how bad things where last year….and I’m no mind reader…but before it’s over …you’re gonna find all three of the guys above finger prints all over AIG, Bank of America….and whole lot of other places trying to keep the system from falling apart….it ain’t gonna be pretty…and some of it ain’t gonna seem kosher…..but we do have mild recovery on tarc…not a depression……

There is that to consider while you see the media roast these guys a year after the fact.………

I’m not making excuses…but one should remember the atmosphere, in which, these guys operated in during that time……..

The age old question……..’The ends and the means’….

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January 8, 2010 Posted by | Government, Law, Media, Men, PoliticalDog Calls, Politics, The Economy | , , , , , , | 5 Comments

Benanke of the Fed warns of interest rate hikes down the road…..the Fed should stay reactive…

Federal Reserve Chair, Ben Bernanke has made a good political statement by declaring that stronger regulation of the financial industry should be done, but……”if adequate reforms are not made, or if they are made but prove insufficient to prevent dangerous build-ups of financial risks, we must remain open to using monetary policy as a supplementary tool for addressing those risks — proceeding cautiously and always keeping in mind the inherent difficulties of that approach,”

Some people put some of the blame for last years financial crisis on the Federal Reseve’s prolonging the housing boom by keeping interest rates low…..I think that line of thinking is crazy…..if the Fed would have taken the lead  against the economic boom with interest rates they would have taken an enormous political hit from the media and Congress which are short-sighted and would labeled the move destructive to the economy, no doubt…..

I’m no economist but…..Bernanke needs to continue that policy of being reactive and let others wade into the abyss of controlling the American and by fiat, the worlds financial sytems…..the Fed is just a bank after all…not policy makers……

Keep the rates low as long as you can….let the economy come back……

January 3, 2010 Posted by | Government, Media, Men, Politics, The Economy, Updates | , , , , | Leave a comment

Federal Reserve Chairman Bernanke is a lock……

The Senate Banking Committee, has approved sending his nomination to the full Senate for a vote,  for another five term, as the chair of the Fed by a vote of 16 to 7……The Time Magazine “Person of Year “ will be keeping his day job….

December 17, 2009 Posted by | Breaking News, Government, Media, Men, Politics, The Economy | , , , , | Leave a comment

Federal Reserve Chairman Ben Bernanke is Time Magazine’s Man of the Year!….

He, he, he……take that you Republican’s trying to derail his re-appointment for another five years as Federal Reserve Chairman!

You gotta give him his due…the economy is on its way up…slowly…but on its way up……

December 16, 2009 Posted by | Breaking News, Entertainment, Government, Media, Men, Politics, Taxes, The Economy | , , , , | Leave a comment

Federal Reserve Chairman Ben Bernanke is Time Magazine's Man of the Year!….

He, he, he……take that you Republican’s trying to derail his re-appointment for another five years as Federal Reserve Chairman!

You gotta give him his due…the economy is on its way up…slowly…but on its way up……

December 16, 2009 Posted by | Breaking News, Entertainment, Government, Media, Men, Politics, Taxes, The Economy | , , , , | Leave a comment

The Chair of the Federal Reserve is fighting Congress on oversight…..

Ben Bernanke, is firing back at members of Congress that want to sponsor a bill to put congressional oversight of the agency that is this countries central bank. The Fed also sets policy and rates for the this country, and its banking system……It has been independent, and in the background, until financial problem come up……In my opinion, congress has  turned to its operation as a scapegoat for the mistakes made by the past White House……The bill put forth to the members of the House has 313 sponsors…which I think has that strong backing because, the members of the House know there is NO CHANCE that the Senate would vote to accept a similar bill…….

November 28, 2009 Posted by | Government, Media, Politics, The Economy | , , , , , | Leave a comment

Chair of the Federal Reserve forcasts moderate growth thru 2010…..

Ben Bernanke predicted today that the United States economy would continue its slow growth, thru the middle of next year.….his statment was an attempt to help the US dollar in financial markets……but he also acknowledged that employer’s are waiting to rehire help, trying to get as much productivity out of current workers as possible……

One must always remember that although the Fed has helped in the recession…they are always more sensitive to inflation fears…and once the economy starts to really come back they will be raising interest rates which will cool off the housing market and also affect the auto industry…tes, they’ve got quite a balancing act to perform……

November 16, 2009 Posted by | Government, Media, Politics, The Economy | , , , , , | 7 Comments