President Barack Obama or Federal Reserve Chairman Ben Bernanke: Who do you think has more control over the economy?

I once asked a sitting US Senator who had the most power in Washington, DC. He said, without hesitation, "The Chairman of the Federal Reserve."

I once asked a sitting US Senator who had the most power in Washington, DC. He said, without hesitation, "The Chairman of the Federal Reserve." Originally Posted by CuteOldGuy

You know this I know this and I'm sure others here understand but... why is this forum so caught up with the 2012 election? Presidents are basically yes men reading off a script or a teleprompter. Why aren't people here focusing on the Federal Reserve, The International Monetary Fund or The World Bank?

You'll have to ask them. I'm not sure this board is really conducive to in depth discussion of issues. Most here would rather call others "homo" or make "poop" jokes.

You know this I know this and I'm sure others here understand but... why is this forum so caught up with the 2012 election? Presidents are basically yes men reading off a script or a teleprompter. Why aren't people here focusing on the Federal Reserve, The International Monetary Fund or The World Bank? Originally Posted by SEE3772

Because we don't engage in paranoia about secret cabals running the world?

Because we don't engage in paranoia about secret cabals running the world? Originally Posted by ExNYer

No secret!
It's in your face Sir!
The FOMC is meeting tomorrow.

No secret!
It's in your face Sir!
The FOMC is meeting tomorrow. Originally Posted by SEE3772

Whatever Ben tells us in 11 hours better be good for Obama, otherwise Ben has no job next year. I don't see him flipping burgers for $10 per hour

Whatever Ben tells us in 11 hours better be good for Obama, otherwise Ben has no job next year. I don't see him flipping burgers for $10 per hour Originally Posted by waverunner234

It's not Bernanke, it's the Federal Reserve Act of 1913.
Ben or no Ben the fractional reserve banking policy still continues.
I really don't see how the FED is going to dig themselves out of the hole they put us in.
QE = more inflation, devalues the currency and creates more debt.
Operation Twist has been extended until the end of 2013.
Are they going to increase the bond buying and continue to destroy the US bond market?
Pimco just sold 30 billion yesterday.
China and Japan are buying less of the debt T bonds.
Already at (ZIRP) zero percent interest rates... What's next NIRP, negative rates.
Prop up the housing market... more Mortgage Backed Securities on their balance sheet. Any attempt to intervene or prop up creates more inflation, more debt and countinues to debase the currency.

So the Fed does not like Democrats is the simple answer.
If you look at whn the economy went south it was during the Presidency of Bush BUT, who was in controll of Congress and the anser is the Democrats.
As of yet the Democrats are still in control having the Presidents office and the Senate. Teh House is Republican.

Another recent example woule be the presidency of Clinton who had a Republican Congress and the economy actually did fairly well.

You'll have to ask them. I'm not sure this board is really conducive to in depth discussion of issues. Most here would rather call others "homo" or make "poop" jokes. Originally Posted by CuteOldGuy

Because of people like you, homo and poop jokes are common.

Were you capable of an in depth discussion then one would be had. All you do is sit on JD cock and spew caca from your mouth. How can I not make a homo or a poop joke?

You know this I know this and I'm sure others here understand but... why is this forum so caught up with the 2012 election? Presidents are basically yes men reading off a script or a teleprompter. Why aren't people here focusing on the Federal Reserve, The International Monetary Fund or The World Bank? Originally Posted by SEE3772

This is how it is, the question is how to make money from this situtation. There is nothing I can do about it. There is nothing you can do about it. We are a nation of fools.

Make money, live well. Die old and happy is the best one can hope for.

The problem now is that this system is starting to transfer wealth from the middle class white folks to the super wealthy and those Tea Nuts are blaming the wrong person/system.