Bernanke or Bust

Sam Swedberg's picture
By Sam Swedberg at 1:07PM

That is, according to Treasury Secretary Timothy Geithner. After being warned about the country's demise if we didn't act and bailout the auto industry or the banks, I'm hard-pressed to feel sympathetic for Bernanke or fear for the market's impending doom. It may be true that if we get rid of Bernanke the economy might be negatively affected, but considering the high unemployment rate, massive defecit spending, and the artificially low interest rates perpetuated under Bernanke it begs the question:  Would it really be that much worse?

Start at about 3.20 into the video and listen to Geithner's nightmare.

Getting rid of Bernanke won't be the end of the economic world. I fail to see how he "saved" the American economy. The USA still has 10% unemployment (actually 17.3%), endless foreclosures, an ailing commerical real estate market, bankster bonuses, and a non-existent job market. 

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