No good deed shall go-Bernanke

 

 

 

President Obama described the sluggish economy in 2009 as "the worst economic downturn since the great depression"

The world's economies collapsed, and all looked to US and the Federal Reserve for help. The man on the helm Is Bernanke.

TARP was created to support the banks, and revamp Auto Industry. AIG was bailed for 180 Billion Dollars. The Feds "Quantitative Easing" Began, and by 2013, it's balance sheet is closer to four trillion dollars.

The last decision of the Fed is to target unemployment to 6.5% and inflate the economy by 2.5%.

"Don't fight the Fed" is the best advise any can give.

AIG's paid back with profit. Unemployment down to 7.4%, Auto industry is booming and the DOW is 15,500 by 2013.

Last Month, out of no where, the President stated that Mr. Bernanke " already stayed a lot longer than ..... he was supposed to"

The statement wasn't nice for a man who had so much on his shoulder and did so much for his Country and the world.

His knowledge, experience and performance helped return the world economies from  depression to normalization.

 "No good deed shall go unpunished."

So let us look at the bright side. Bernanke will get a job in the private sector for 5 times his current salary and write a book for 50 times.
Just a thought