Bernanke sees no end to Unemployment

http://www.nytimes.com/2010/07/22/business/22fed.html?src=mv

And neither do I.

The only difference is I have been saying it for years and Bernanke is just coming around to that conclusion now. Hey some people are slow.

Bernanke can no longer hide the fact that corporate America has no intention of hiring Americans. Not today, not tomorrow, not ever.

Bush's tax cuts failed. Obamas stimulus failed. There is nothing left for Bernanke to hide behind.

He can no longer say recovery is coming because everyone can now see the truth. Jobs are not coming and neither is the recovery. We are not in a cycle. The economy has been fundamentally broken by corporate American greed. There is nothing left for the government to do but pay endless unemployment and hope nobody notices.

http://www.guardian.co.uk/business/2009/feb/24/bernanke-congress-testimony

It is funny that in Feb 2009 Bernanke said recovery would be coming in 2010. Now we are in 2010 and he says it will be 2012 or later.
Know what I think? I think Bernanke doesn't know sh*t. That is what I think.

You know when the recovery will come? It will come when you go into the store and every item doesn't say made in China. It will come when a whole lot of products say Made In The USA. Since everyone knows that won't be happening everyone should also know a recovery isn't happening either.