Friday, March 02, 2012

The exchange of the Chairman of the Banking, Housing and Urban Affairs Chairman and Fed Chair Ben Bernanke validates what President Obama has been saying about the USA economic recovery.

You might remember Senator Johnson, he suffered a stroke not long ago.  We are lucky to still have him.


Senator Johnson did not ask partisan questions.  They were forthright and important to actually define what occurred with the USA economy and why the lethargy exists.


He didn't pull any punches and what Chairman Bernanke stated was exactly what President Obama has been saying the entire time.  I don't believe Chairman Bernanke was coached by the President.  


I thank Senator Johnson for his determination to over come all odds to serve his country.  He does make a difference and dearly it is only he that could.

Ben Bernanke testified (click title to entry - thank you) on the U.S. economic outlook for the year and the future of economic growth. In his remarks he said that the domestic economy would grow modestly despite higher oil prices and turbulence in Europe. He also said that Congress should aim to reduce the deficit over the next 10 to 15 years to reach a point where revenues cover all costs except interest payments.


Sadly, the questions of Fed Chair Bernanke by the GOP members of the committee were to get 'talking points' verbalized.  There was no interest in the GOP members, expect, to word their questions and demand answers that would make good 'sound bites' both for campaigns and Murdoch's power brokering.  The USA has lost expertise and loyalty to its citizens from the GOP.

JOHNSON STATEMENT ON SEMIANNUAL MONETARY POLICY REPORT (CLICK HERE)

March 1, 2012
WASHINGTON – Today, Senate Banking Committee Chairman Tim Johnson (D-SD) held a hearing on the Federal Reserve Bank’s Semiannual Monetary Report to the Congress. The Committee heard from Fed Chairman Ben Bernanke, and discussed the ongoing economic recovery.
Below is Chairman Johnson’s statement as prepared for delivery:
“Today I welcome Chairman Bernanke back to this Committee to deliver the Federal Reserve’s Semiannual Monetary Report to Congress. 
“There are reasons to be optimistic about our nation’s economic recovery.  The U.S. economy has expanded for 10 straight quarters, and private sector employment has increased for 23 straight months.  Private employers added 2.1 million jobs last year, the most since 2005. ...

Neil Cavuto Giddy About Tim Johnson's "Stroke" (click here)

Reported by Melanie

December 13, 2006


At 4:10 p.m. EDT today (December 13, 2006) Neil Cavuto interrupted his "business news" show with this:
Alright. I just want to bring in this alert that's come into our newsroom right now. U.S. Senator Tim Johnson, he's a Democrat of South Dakota, has, we're getting reports that he had a stroke at his office today and is being hospitalized. That's all we know at this point. Nor do we know the 59 year old's condition. This happened just today.
Keep in mind that the new senate takes over on January 4 and it's right now 49 Democrats, 49 Republicans and 2 Independents, but ostensibly it will be a Democratic body.
We don't know how the fallout from all of this or, again, the severity of Senator Johnson's condition. We'll keep you posted....

Gee whiz, so much for valuing human life in the form of a Democrat.