Bernanke Says He'll Continue to Hide Recession

When Federal Reserve Chairman Ben Bernanke confirmed what he's been saying all along concerning the ongoing recession, that if it continues, he'll be ready to do what it takes to attempt to combat it, he was essentially saying he's going to continue to mask or hide the recession that has never left.

After all, how can anyone justify spending $1 trillion with no results, and then reiterate they'll do it all over again?

Some headlines after Bernanke's speech were strange, as they even went so far as to say he "soothed" the markets. That's right. Old gentle Ben has everyone feeling good that he's going to continue to attack the country through exploiting the generations ahead who'll have to pay for his "soothing" actions; which of course they won't be able to afford.

The reason the economy is sputtering is because the original stimulus is running out of steam, and the real economic condition is simply revealing itself again.

This is why I say Bernanke is in reality saying he's going to continue to hide the recession by providing more "stimulus." Some economic commentators have went so far as to say it's not worth the effort unless another $1 trillion at least is thrown into the economy.

The major way Bernanke and others hide that there's a recession is because the money they throw into the economy is counted as gross domestic product, so they can skew the numbers how they want - in the short term - to make it appear there is real growth.

But as we're learning now, once that money goes through the system, the nakedness of the economy is revealed, and it's not a pretty picture.

We, our children, and our grandchildren will be stuck with the burden of this outrage, just so the government and Federal Reserve can appear to be doing something constructive, when they're in fact a destructive force against the free markets, saddling all of us with a debt so they can make it look like their economic theory works, when it has been the major reason for ups and down of the economic cycle in the first place. Thanks Ben.

Oh yes, the Commerce Department downwardly revised the gross domestic product annual rate from 2.4 percent for the period of April to June, to 1.6 percent.