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Ben Bernanke News: Blog Post

Bernanke Should Go Back to Teaching

This guy should be removed from his post and should be shipped back to his university teaching job

The following blog entry, from March 10, 2009 expressed my opinion on Mr. Bernanke. Eight months later the majority of the congress and a great portion of the financial world seem to agree with my opinions below. Rewind the tape and watch his opinions on the housing disaster and the direction our banking system took. He says everything is cool, and there is nothing to worry about as close as two years ago. He was as wrong as Jim Kramer recommending to buy more Bear Sterns stock 30 days before their collapse!

(March 10, 2009) - I am watching yet another Bernanke speech with a Council of Foreign Relations backdrop.

This guy was born to be a University professor. All he is talking about is what a parrot would read from the text books. He is not qualified for the job for what we need now during the depression of 2009. No one cares what he thinks. At least Greenspan had the charisma.

What is he talking about? Macroeconomics 401? He should be removed from his post and should go back to his university teaching job.

Everyone who is in the room is now sleeping before live TV cameras. What is he talking about? This must be a candid camera joke on CBS. Where are the cameras?

He says everything was good a year ago, everything which was done wrong was done before his turn during Greenspan's tenure.

He now says he is an expert on depression. If you are an expert then show your expert skills in this time of historical proportions.

You need to have basic leadership skills to get this job done.

Talking like he is in the classroom is not cutting ladies and gentlemen, This must be a joke!

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Most Recent Comments
rbblum 03/10/09 11:12:00 AM EDT

Rather disappointing to see main stream media standards of America journalism being usurped in such a story about US Federal Reserve Board Chairman Ben Bernanke.

Long on subjectivity and short on facts during a time in which President Obama's administration has yet to assemble an executive team for the Department of Treasury to address the most critical issues of the financial/banking environment; other than having appointed an income tax challenged individual to be Secretary of the Department of Treasury.

On a day in which the US market is reflecting a strong technical rebound, Mr Bernanke once again has demonstrated his confident, lone voice understands the basic issues of the current financial/banking environment and has provided insight to the plausible direction that could be pursued in implementing action plans that should be lead by Secretary of Treasury Tim Geithner, supported with additional legislation by the US Congress and supported by President Obama.

The seriousness of the US and global financial/banking issues should not be glossed over with subjectivity during a time in which facts are necessary to hold current participants accountable going forward.