Bernanke gets specific about the GOP-forced job losses ..crosspost

[JohnWxy]

(I hope people will mention Bernanke's testimony when they post comments to articles on various media sites)

...fight propaganda with information.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=433x621247

[RUMMYisFROSTED]

1. Bernanke is still Chairman under Obama?

Interesting

[rucky]

2. The very last buck left in the treasury

will be the one that gets passed back and forth between the GOP and Obama.

[RUMMYisFROSTED]

3. I think the last buck will be burnt for warmth.

I'm slightly pessimistic.

[JohnWxy]

4. check it out.....

"Bernanke believes the Republican plan would cost the nation a couple hundred thousand jobs;

...Moody's Analytics chief economist Mark Zandi puts the number at 700,000 job losses;

...... the Economic Policy Institute projects job losses of just over 800,000;

and data from the Center for American Progress found the proposal would force roughly 975,000 Americans from their jobs.

...... Goldman Sachs didn't offer specific numbers on job losses, but it believes the GOP plan would cost us up to 2% of GDP, pushing the U.S. economy closer to a recession.

They obviously can't all be right. But there's one thing all of the projections have in common: they all show the Republican plan making American unemployment much worse."
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if you translated Goldman Sachs number of a reduction of up to 2% of the GDP into additional job losses that would be 944,000.

Averaging the estimates of the private sector economists you arrive at an estimated job loss number of 855,000 jobs lost.

The Corporate Lobbyist Party's objective is to kill the recovery from the REPUBLICAN TRICKLE DOWN DEPRESSION. And it looks like they will succeed (nobody in D.C. to fight them).

[JDPriestly]

6. Absolutely. I am happy to read that Bernanke admits to the folly of the

Republican economic policies. He and the rest of the Obama administration need to get out into the public and talk about history and how this works.

When I watch Bernanke in Congressional hearings, he looks like he is in pain. The same is true for Timid Timothy Geithner.

When good men do not stand up strongly for what is right, evil prevails.

Bernanke, speak louder on this. We can't hear you.

[Citizen Worker]

5. Obama and key democratic leaders will tell the nation that "we've drawn the line and demand the

republicons negotiate." Democrats will puff themselves up in the eye of the public and the result will be that the cons get 80% of what they want and Obama and the democrats will represent this as a "win-win" outcome.