Today Federal Reserve Chairman Ben S. Bernanke said the U.S. economy faces “formidable headwinds,” including a weak labor market and tight credit that are likely to produce a “moderate” pace of expansion.

What, have I been drinking!, Ben Bernake telling the truth for once. Damn! Bout time he got hooked up to the lie detector machine.

While we here at FFT know the economy will eventually get better, dont think this will happen by next tuedays luchin. You are now seeing the next phaze in which the dunce Ben Bernanke and his henchmen who willing told people to hang on the bailouts would work have simply done nothing. and as we told people it would do the opposite. Well soon you will see exactly what opposite means. And many people are not ready for it.

I guess that in other news today Obama plans to cut its estimate of the projected costs of the government bailout programme by more than 200 billion dollars. Ummmm why didnt you do this a year ago.  Well too little too late….another very good example of how they “the government” plan to rob you slowly….. its a sad story, but a drum that I find myself beating on constantly.

It is coming into christmas time and many of my friends even here in Oz are struggling to make ends meet. This Christmas spending season, you know the season to be jolly will be an intresting one that is for sure.

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Tags: Bernanke, economic truth revealed, obama

This entry was posted on Tuesday, December 8th, 2009 at 5:37 am and is filed under || GENERAL ||. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.