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Can We Trust These People?

Day after day we hear from one elected/appointed official after another, each telling us that things are under control because they have a “plan”. Mostly it sounds to me like they have a “plan for a plan”, and that in fact ...

Posted On February 24, 20095 MIN Read
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Day after day we hear from one elected/appointed official after another, each telling us that things are under control because they have a “plan”. Mostly it sounds to me like they have a “plan for a plan”, and that in fact, they have little to no experience in actually running a business, having to make payroll, or in anything that would remotely resemble “real world experience”.

With Fed Chairman Bernanke telling us today that “the US should begin to come out of the recession in late 2009”, and with Obama’s fireside chat for the nation tonight where I have no doubt that he will offer all kinds of interesting predictions, I thought it would be a good time to go back over the last couple of years and explore the words of wisdom from the leaders of the free world.

April 5, 2007: "The damage from the subprime market has been largely contained." Federal Reserve Chairman Ben Bernanke

 

April 20, 2007: "I don't see (subprime mortgage market troubles) imposing a serious problem. I ...

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