Bernanke Says Economic Recovery Close to Faltering

[katty]

more:

http://abcnews.go.com/Business/wireStory/bernanke-economic-recovery-close-faltering-14663873

Federal Reserve Chairman Ben Bernanke says the economic recovery "is close to faltering" and the central bank is prepared to take further steps to support it.

The economy is growing more slowly than the Federal Reserve had expected, Bernanke said Tuesday before the congressional Joint Economic Committee. He said the biggest factor depressing consumer confidence is poor job growth.

[ixion]

1. gee, Ben, ya think?

:eyes:

And you think you helped by bailing out your buddies? :grr:

[katty]

4. yeah, profound observation...a tad late

[Cali_Democrat]

2. Welcome to the party, pal

Better late than never, I guess.

[mother earth]

3. Duh, he's very observant isn't he?

[KansDem]

5. Time for TARP2?

Remember, Ben, the sequel is rarely better than the original...

[bhikkhu]

7. Time to pass the Jobs Bill

...I wish he had brought it up (though I didn't hear his entire talk)

[Citizen Worker]

6. Poor job growth AND declining wages. Well past the time for government to step in and revitalize

basic industry, raise the minimum wage and index it to the REAL CPI.