Thursday

Bernanke says we're all "rosy" now

-Posted by D. Worth (US) | for- M. Barbay (France) and US

Bush debt (left) Obama 'non-stimulus' (right) will quadruple Nat. deficit, this year! read.
VIDEO: Gateway: VIEW.

"Obama can assure voters that he inherited these deficits. But bond markets pay closer attention to the fact that Obama has already increased the projected deficit he inherited by 50%" Read more.


Airtime: Mon. May 11 2009 | 5:02 PM ET
Video (below) Fed Chairman Ben Bernanke speaks at the Atlanta Fed's Financial Markets Conference in Jekyll Island, Georgia, and CNBC's Steve Liesman has the details...














Not particularly the best words, "One World" and "Jekyll Island" in today's markets... Anyway, what happened to CNBC? It used to be "good with bad"...
Now it seems so, "rosy." Most of the Obama administration's policies are hostile to investments; not excluding his
proposed "deferrals restrictions." VIDEO.

UPDATE: Instapundit posts this; From MCCLATCHY:
"Deficits soar even with "rosy" assumptions in new Obama budget." Read.
What a coincidence (Haha)
(But note how the chart (at top of this post) "chops" off the rather "miniature" Bush debt; and at McClatchy link.)



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