Pot Calling the Kettle Black – WND (WorldNetDaily) Commentary from Dan Mangru June 2, 2010Posted by Admin in Dan Mangru, Market Commentary.
Tags: bailout, bernanke, business, Capital, commentary, dan, deficit, Dollar, equities, finance, financial, gold, inflation, investments, mangru, spending, taxes, U.S.
It’s probably not a very politically correct thing to say. But when I saw this piece of news a short time back it was the first thing that came into my mind.
I saw the headline on Bloomberg: “Bernanke Says U.S. Should Tackle Debt.”
Apparently our friend, Federal Reserve Chairman Ben Bernanke, is warning that U.S. budget deficits threaten the nation’s long-term economic health and should be addressed soon.
Yeah, Can you believe it?
Now you probably understand the title for this article.
Nobody has done more to increase the deficit of the United States in our entire history than Mr. Bernanke.
Can you say bank bailouts?
Ben Bernanke and his partners in money printing have orchestrated the biggest financial spending spree in U.S. history. To date, Bernanke, Treasury Secretary Tim Geithner, and their associated partners have doled out a whopping $4.6 trillion of your hard earned taxpayer dollars to Wall Street banks and toxic mortgages. Even worse, according to sourcewatch.org, there’s $14 trillion that the U.S. taxpayer is at risk for because of these bailouts.
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