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Bernanke Urges Congress To Pass New Stimulus Bill
AP
Monday, Oct 20, 2008
Federal Reserve Chairman Ben Bernanke told Congress Monday a fresh round of government stimulus is a good idea because there’s a risk the country’s economic weakness could last for some time.
Bernanke’s remarks before the House Budget Committee marked his first endorsement of another round of energizing stimulus, something that Democrats on Capitol Hill have been pushing.
The Bush administration, however, has been cool to the notion.
(Article continues below)
“With the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate,” Bernanke said in prepared testimony to the panel.
A trio of hard blows from the housing, credit and financial crises has badly pounded the economy.
Many analysts predict the economy will shrink later this year and early next year, meeting the classic definition of a recession.
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5 Responses to “Bernanke Urges Congress To Pass New Stimulus Bill”
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October 20th, 2008 at 4:46 pm
maybe christmas won’t be so bad after all. I’m gonna buy ammo!
October 20th, 2008 at 6:01 pm
oh noooo a recession is really happening. What joke, you illuminati/elite/fallen angels/demons/biters alien to us. Do you really think that media distraction and chemtrail poisons have us so asleep that we don’t get it. Dream on you little farts to quote a movie line. Our boss wishes to address your mischief over the last 6,000 years. Mark your calendar for Pentecost 2012 and shame on you for hiding the gnostic books of the bible such as Enoch who was Noahs Grandfather. He was on to you, was he not. Gee remember planet Nibiru, it comes on the same year as above. ps fire the chemtrail chef, lyme, morgellons, mycoplasma, cfs, babesia technologists as it only slowed me down from sniffing out your deads……….maaany maad sheep are waking up and on to you. Do the math……games up creeps. we shall see you, or what few of you are left at armageddon.. regards your worst nightmare, one of the remnant of the God of Abraham. To all others, read Ronald Weinland’s free online books and Enoch. Our future is beautiful but not so for them. Pamela
October 20th, 2008 at 6:01 pm
Yeah…throw ‘em some more crumbs…gauranteed to shut ‘em up.
October 20th, 2008 at 11:04 pm
we should rip up these checks when we get them.Or if you cash it go buy a gold coin.
October 21st, 2008 at 6:34 am
..i concur..# 1 says: ‘buy ammo’
……………# 4 says: ‘buy a ‘gold coin’
…………….i say add on: “some food and a water filter”
…………….oh yes my friends…”guns!”