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R i g h t a r d i a

This blog is dedicated to progressive and liberal thought. It also discusses new technology, how technology affects privacy and developments in Russia, China, Eastern Europe and the Middle East. Rightardia fully supports the rights of workers to organize, the feminist movement, and all Americans regardless or ethnicity, sex or gender.It uses humor, satire and parody to expose conservative thought for what it truly is: BS! Rightardia contributes to the DNC, DCCC, DSCC and MoveOn.Org.

Showing posts with label sen. bernie saunders. Show all posts

Monday, December 7, 2009

Robert Greenwald's Brave new Films: Sen. Bernie Saunders lambasts Ben Bernanke

Rightardia has already written an editorial suggesting that Federal Reserve Chairman Ben Bernanke be fired.

He appears to be a Supply Sider and America needs a dyed in the wool Keynesian economist to run the Federal reserve. Bernanke thinks that Social Security and Medicare have something to do with the economic downturn.

Most economists suggested that deregulation that started with the repeal of the Glass-Stegall Act, The Bush Ownership Society, changes to SEC rules in 2004 that changed reserve rules for America's five largest banks and the refusal to the Bush administration to clamp down of predatory lending practices were the causal factors.

Alan Greenspan admitted that his efforts to deregulate banks was misguided. Bernanke should be fired. His sophomoric comments indicate he is the wrong man for the job.