No discussion of the Bernanke hearing? What, is there another celebrity scandal?

[Subdivisions]

If you're intested, you can watch the re-confirmation hearings on CNBC or at http://www.cspan.org/Watch/C-SPAN3.aspx

ETA: The hearing is currently in recess for lunch and will resume at 1pm Eastern.

[BR_Parkway]

1. Maybe if we could connect Ben to someone like Tiger, they'd talk

about it.

[cali]

2. what a dumb way to start a thread

and most of the posts on the front page of GD are about Afghanistan. Following your fab example I suppose that means you just don't give a fuck about a bloody war.

[Subdivisions]

3. I THINK MY FUCKING POSTING HISTORY WILL PROVE YOU WRONG! --->

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x7135014

If you don't have anything polite and/or constructive to say about anything based in reality, then move on!

[AllentownJake]

4. Elizabeth Warren declares the middle class dead today on HuffPo

Not much discussion of that either.

[Subdivisions]

10. HP is on top of this:

http://www.huffingtonpost.com/

And here is a look at the article you referenced:

America Without a Middle Class

Can you imagine an America without a strong middle class? If you can, would it still be America as we know it?

Today, one in five Americans is unemployed, underemployed or just plain out of work. One in nine families can't make the minimum payment on their credit cards. One in eight mortgages is in default or foreclosure. One in eight Americans is on food stamps. More than 120,000 families are filing for bankruptcy every month. The economic crisis has wiped more than $5 trillion from pensions and savings, has left family balance sheets upside down, and threatens to put ten million homeowners out on the street.

Families have survived the ups and downs of economic booms and busts for a long time, but the fall-behind during the busts has gotten worse while the surge-ahead during the booms has stalled out. In the boom of the 1960s, for example, median family income jumped by 33% (adjusted for inflation). But the boom of the 2000s resulted in an almost-imperceptible 1.6% increase for the typical family. While Wall Street executives and others who owned lots of stock celebrated how good the recovery was for them, middle class families were left empty-handed.

...snip...

America today has plenty of rich and super-rich. But it has far more families who did all the right things, but who still have no real security. Going to college and finding a good job no longer guarantee economic safety. Paying for a child's education and setting aside enough for a decent retirement have become distant dreams. Tens of millions of once-secure middle class families now live paycheck to paycheck, watching as their debts pile up and worrying about whether a pink slip or a bad diagnosis will send them hurtling over an economic cliff.

http://www.huffingtonpost.com/elizabeth-warren/america-without-a-middle_b_377829.html">Continue »

[gateley]

5. Yikes. I didn't even KNOW there was a hearing! Is it being broadcast?

Happening now? (reaching for my remote)

I saw a couple of threads yesterday about Bernanke, but I didn't read them because I essentially agreed with the subject lines -- stuff we already know -- like he's gotta go. :7

Please tell me about the hearing as I scramble to find something about it. :hi:

[Subdivisions]

6. Yes, it's in recess 'til after lunch. It's on CNBC or online at

http://www.cspan.org/Watch/C-SPAN3.aspx

[gateley]

13. Thanks! I'm sure it'll raise my blood pressure. :-) nt

[MNDemNY]

7. Yes, britney has amitted to an affair with Tiger, who is denying any conection to Jay-Z and his tape

[Subdivisions]

8. So, what do you think about Bernanke's performance so far in this hearing? n/t

[MNDemNY]

9. He's holding his own, But I am a bit biased against him going in.

I really think the FED needs MUCH more oversight. I don't no if they can trusted to be what amounts to the "police" of wall street. ( and, on edit, I have found the Hearing a bit boring.)

[Subdivisions]

11. I agree on all counts. Bunning gave him hell and I'm sure there will be more. n/t

[JimWis]

12. Yea, I watched that part. Bunning really reamed him. No holding

back.

[gateley]

14. Okay, so WHAT is the purpose of this hearing? Bernanke sure is smug. nt

[Thickasabrick]

15. Expectations are that even with Sanders move , he will be confirmed.

What's the point?