> Or on the other hand, they did do a good job of it and people of your > political stripe are >invested in pretending that they did nothing of any > worth.
Immense government debt, rapidly increasing with no end in sight, high unemployment, and the many of the large financial companies that caused the problems still operating because the government bailed them out. That does not look like a good job to me. Obviously the politicians will argue that unemployment would have been higher if they had not intervened, but there is no way to prove that either way. It could have been lower if they had not intervened. No one can know. But two things can be known. Many of the companies at fault would now be bankrupt if the government had not intervened. And the government would have spent a lot less and be on the hook for hugely less if there had been no intervention. The future would look a lot brighter now if government debt were a lot lower and companies that are known to invest recklessly and take taxpayer dollars when they screw up were no longer operating. If Bernanke had achieved that future outlook, then it would be a good job. _______________________________________________ http://mccmedia.com/mailman/listinfo/brin-l_mccmedia.com
