Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Bernanke Urges Congress To Pass New Stimulus Bill

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

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)

Bernanke Urges Congress To Pass New Stimulus Bill  161008pptv1

“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.

  • A d v e r t i s e m e n t

Many analysts predict the economy will shrink later this year and early next year, meeting the classic definition of a recession.

Full article here

This article was posted: Monday, October 20, 2008 at 12:00 pm





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Kiev Censors MH17 Air Traffic Control Recordings See the rest on the Alex Jones YouTube channel.

U.S. Govt: MH17 Stance Based On Obvious Social Media Hoaxes See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.