Our Economy Is Starting To Not Suck

21 Aug
"The economy doesn't suck. I'm so serial you guys"

"The economy doesn't suck. I'm so serial you guys"

Ben Bernanke, Federal Reserve Chairman, said that we’ve got the worst behind us in terms of the economic collapse. Hopefully after we finally recover from the suckness, we can change our spending habits and not be the greedy, fat, money-hungry Americans that the rest of the world has labeled us to be. Whatever though, they’re just jealous.

[via]

“JACKSON, Wyo., Aug. 21 — The world economy is starting to emerge from its deep recession, Federal Reserve Chairman Ben S. Bernanke said Friday, owing to aggressive action by the Fed and other policymakers.

“After contracting sharply over the past year, economic activity appears to be leveling out, both in the United States and abroad, and the prospects for growth in the near term appear good,” Bernanke said, in a speech at an economic symposium sponsored by the Kansas City Fed.

Bernanke laid out a broad defense of the central bank’s actions in the financial crisis Friday morning, arguing that the extraordinary interventions of the Fed and its counterparts around the world averted global catastrophe.

Bernanke said that the financial crisis that deepened in September “sparked a deep global recession, from which we are only now beginning to emerge.””

Time to take out a huge loan and buy a $100,000 car, and a $1.2 million dollar estate out in Hollywood Hills. I’ll just pay it all back later. Sounds reasonable, right?

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: