Bernanke puzzled by weak consumer spending – 09/10/11

For Your Entertainment (FYE)

“Federal Reserve Chairman Ben Bernanke said Thursday that he’s surprised by how cautious consumers remain more than two years since the recession officially ended. But he offered no hints of further steps the Fed might take to try to boost the weak economy.”

“”Even taking into account the many financial pressures they face, households seem exceptionally cautious,” Bernanke said in a speech in Minneapolis to the Economic Club of Minnesota.”

Please, somebody! Please, take Bernanke salary out for more than two (2) years and evict him from his foreclosed house, repossess his cars and cancel his credit cards and his children education loans, make him work as a “greeter” at WalMart or at McDonald’s for minimum wages part-time without any insurance and benefits since the beginning (two(2) years+) of the crisis, living on food stamps to survive, picking up second-hand clothes at churches stores for homeless people and having to choose between paying the cost of life saving medication and paying the rent to avoid being evicted from his room where he stacks up his family, and then, then, then, let’s see whether he would NOT be “cautious” too! :+(

I think in he USA now our officials should be more careful about what they say. Bernanke comment is tantamount to the expression of Marie-Antoinette, wife of French King Louis XVI, “if they don’t have bread, let them eat “brioche”(cake)” speaking of the revendications of the starving Paris population……We all know how this little sentence ended,…… “off with her head”……;+)


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