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Ever. i don t think people would disagree when you say washington is part of the problem, not the solution. how do you turn that around? how do you get people to actually do things that will help move this economy forward instead of sitting there and doing nothing? well, that s up to each of us to call our congressmen and senators and say look, you ve got to get things going. call the president. you can send him an e-mail. i m sure you can text him. but we are sitting here, we are demanding from our local government services and hold them accountable, and we don t do that to our state governments, generally, and certainly not to our federal government. what s the prescription for a rebound in the economy and of course the other headlines this morning are household income rates going back to 95 levels. number one, businesses are not going to expand when things are uncertain. the fed is trying to do something. i m sympathetic to bernanke, but he can t do it all himself. it s the ....
when mitt rom nerks y arrived, if you throw d.c. into the mix, we were 51 out of 51. by the time mitt romney left four years later, we were middle of the pact. we were 30th in the nation. in other words, i inherited a very crappy situation and improved it. don t blame me for the job losses, blame my predecessor. you ll note that sounds familiar when the president has tried to make the same argument, this has been romney s response. the president is always quick to find someone to blame. the may jobs report along with other indicators show an economy that s still suffering stress. the republican party knows full well that continued economic function suits that political interest, which brings us back to bernanke and why we should start viewing his salary as an incline contribution. ....
Handly has been at the tiller throughout this period and you say bailouts. nobody has a good feeling for bailouts. you know, so he s the guy with the bulls eye on him. do you think he wants a third term? i think he so much wants to come right back here to princeton and, you know, put on a tweed sport coat and go back to the classroom and that s my guess is that s what he ll do. his term expires in 2014. you don t think he you think if obviously he is not going to get reappointed if romney is president. no. you don t think he ll we know that. you don t think if president obama wins a second term he asks for a third term or vice versa? you know, if we re in a renewed crisis, something really bad, and obama really feels like he needs him and it seems bernanke, to bernanke as though his work is not done but if it is sort of a continuation of the present where the economy is continuing to improve and the real crisis stuff is over, you know, at that point, i think ....
Way, they ve all dissented. two dissenting voice and one positive voice. when you look at them together, you get a clear picture of responsibility here, which was this was a manmade occurrence. that s to affirmative members of the community. there were all sorts of mistakes from homeowners who borrowed money to regulators who didn t enforce the rules on the books to bernanke and paulson and geithner, who did not take the steps they probably could have and should have taken, although, in fairness to them they probably saw this firehose of activity coming at them, and they did the best they could at each time. i think it s actually an incredibly detailed and important report. i hope people take the time to look at it because it s very heartening in that regard. it s a classic, which means ....
About whether or not he should be treasury secretary, he said i was not a regulator. i don t think he understood his regulatory principle. i call 234 this the principle on steroids. they say we re the only people who can deal with it. they got one upped to more positions. it was like the argument they made for joseph, the head of aig financial products who had to be kept around for a million dollars a month to, you know, dismantle the atomic bombs he created. there was a feeling with geithner and bernanke that these guys were heart surgeons when the patient was on the table and the heart was open and they needed these people around. tlrt reports that they have turned over names to the government for possible prosecution schlt that likely to happen? i was looking through the report for any indication at all there may be prosecutions. ....