'Bernanke Describes Consumers as Too Bleak'

yo ben, consumers are tired of being ripped off by banks, credit card companies, governments and large multi-national corporations.........consumers want the fed audited/ended, then maybe we will start spending again.................. from nytimes............

"Mr. Bernanke, speaking at a luncheon in Minneapolis, offered the standard explanations, including the absence of home construction and the deep and lingering pain inflicted by financial crises. He warned again that reductions in government spending amount to reductions in short-term growth.

Then he said something new: Consumers are depressed beyond reason or expectation.

Oh, sure, there are reasons to be depressed, and the Fed chairman rattled them off: “The persistently high level of unemployment, slow gains in wages for those who remain employed, falling house prices, and debt burdens that remain high”.........READ MORE