It Must Suck to be Good

Ben Bernanke has been under fire because of this recession, only because he is the head honcho of the most powerful organization in the world during the time of the economic crisis.  But what I don’t understand is why people are so quick to point fingers at him when they were the ones taking their money out of the stock market, they were the ones trying to sell their houses, they are the ones that signed the paperwork to buy their houses

All Ben Bernanke did was literally everything he could do.  Under principles of modern Keynesian economics, I’m at a loss of what else he could have done.  He suggested the stimulus package, he lowered interest rates, he purchased U.S. Treasuries and bonds.  The only thing he didn’t do was Billie Jean, but that’s only because she wasn’t his lover, Mark Sanford perhaps?

And speaking of Mark Sanford, who saw that one coming?  He’s only the best governor in the United States with plans to do something presidential in 2012.  He hiked the Appalachian Trail all the way down to Argentina?  At least he’s been truthful. Perhaps not faithful, but truthful.  He’s half of Bill Clinton.

I remember when Mark Sanford first ran for a seat in the House of Representatives years ago.  The commercials that ran on the tube included his wife and children.  He always talked about himself as a family man.  With Mrs. Argentina, I guess he’s more like families man.  

My understanding is that this Mrs. Argentina’s name is actually Maria Belen Chapur and she’s some 43 year old married, but separated hag.  Have you wondered about how he actually met this woman?  According to foxnews.com, she lives next to the zoo.  Pictures haven’t popped up on the internets yet, but I would assume that this one may be pretty close.                                    

So the big topic in the news is how this is going to affect the political scene now and in the future.  People have requested that he step down and resign as governor of South Carolina.  I personally feel that his admission is simply going to help his cause in 2012.  You know his competitors are going to dig up his affair on order keep him from winning.  A loss would be devastating considering he is one of the best politicians of our generation.  But then again, how can you trust someone that has flirted with some international entity?  That's what Benedict Arnold did, and we know how that one ended.

Back to Bernanke.  Can you imagine the mess we would be in if he weren't the money manager?  Not only is the media complaining him now, but he received a lot of flack at the inception of his appointment.  Even the dean of the Columbia Business School, Glenn Hubbard felt he was more qualified.  

So what exactly makes Mr. Bernanke the most qualified for this position? He only wrote the book on economic policy during the Great Depression.

When President Bush appointed him to the position following Alan Greenspan's retirement, do you think he saw the economic downturn coming? Of course he did. Otherwise he would have hooked me up with the job.

My only request is that before you start complaining about his performance, offer suggestions and tips on what he could have done better. I think he would be pleasantly surprised if you could come up with a better solution than he did. After all, he's only the expert on the economic activities of the only economic downturn that would top this one.

Disclaimer: the only unfaithful activity that I am guilty of since I have been married was when I shopped at Kmart despite being part owner of Wal-Mart. I'm such a rebel.

Next weeks' topic: Michael Jackson, a model of the U.S. economy.