Chicken Little Bernanke

The sky is falling! The sky is falling! This, in much more articulate words, has been the message of the Federal Reserve to the Congress over at least the past five years. In 2008, the Federal Reserve sounded the alarm eight times from March to October. It seemed every other week there was another crisis to abate, another fire to put out. From Bear/Stearnes and JP Morgan to Freddie Mac and Fannie Mae, from AIG and the Big 3 Automakers to the monster that was TARP, we as citizens were on the hook to the tune of 1.6 Trillion dollars. (that’s with a “T”, folks) Then, Bush handed the baton to Obama, and our current president picked right up where our former one left off. Another 1.13 Trillion was printed shortly after Obama took the oath of office in early 2009, when he rolled out his economic plan that projected $8T more to be thrown in the pot...continued HERE