Tuesday, February 24, 2009

Talk About Mixed Signals

President Obama and the rest of the fear mongerers on Capitol Hill are saying that the recession will deepen and it is the most significant crisis in decades about our economy. Then you get this report from Ben Bernake.
In his semiannual report to the Senate Banking Committee, Bernanke predicts the economy is likely to keep contracting in the first six months of 2009. But he also says "there is a reasonable prospect" the recession will end this year. He warns that a recovery will require getting credit and financial markets to operate normally.
So really which is it.

Is it bad, is it good? Huh?

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