Tag Archives: fed chairman ben bernanke

Libertarians to Bernanke: You’re wrong

WASHINGTON – Libertarian Party Chair Mark Hinkle issued the following statement today:

"Associated Press reports today that Fed Chairman Ben Bernanke is telling Congress they must not cut federal spending sharply. Chairman Bernanke, you’re wrong.

"The federal government is currently spending somewhere around 24% of America’s total economic output — even more if you ignore the government’s accounting gimmick of ‘offsetting receipts.’

"That’s far, far too high.… Read more ...

Darrell Castle: Freedom Fighters and Public-Sector Unions

by Darrell Castle
Constitution Party National Committee Vice-Chairman

What do the people rioting in the Middle East and the people protesting reductions in public-sector union bargaining rights have in common?

Not much, but the driving force behind each of them is similar, and that driving force is economic hardship.

What we are likely seeing is the crumbling of a world economic order that has existed for decades if not for centuries.… Read more ...

Ralph Nader: ‘Letter to Fed Chairman Ben Bernanke on Fannie and Freddie’

By Ralph Nader at Nader.org:

Dear Chairman Bernanke:

On July 17, 2008, David Rogers, the respected Congressional reporter for Politico wrote an article titled “Pelosi-Paulson tension Rises,” in which he had the following paragraph:

“Earlier in the day, Federal Reserve Chairman Ben Bernanke assured lawmakers that Fannie and Freddie, the two government-supported enterprises, are ‘adequately capitalized’ and ‘in no danger of failing.’”

Given what you knew at that time, when Freddie Mac common shares were selling for about $9.25, down from about $60 a year earlier, what was the basis for your assurance to the many trusting shareholders of Fannie Mac and Freddie Mac who were likely to interpret your statement as reason to hold on for a recovery?… Read more ...