Wednesday, February 9, 2011

Bernanke is Smart

In light of the testimony going on this week, let's look at some of the truly fascinating predictions of Mr. Bernanke over the last few years.

Today, he is telling us that the economy is growing, inflation is not a problem, housing is recovering, and not raising the debt ceiling would be disastrous to our country.   Back then he was telling us that housing prices would not decline, growth would continue, and the unemployment rate would remain low.

There really is no reason to believe anything this man says when he talks about the future.


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