What Bernanke Knows That You Don't

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i gotta use this article for my macro homework. the economy is stupid, the economy class is stupid, and my homework is stupid.
this sucks

Yoomamma of DE 12:10AM January 03, 2011

Ron Paul and the CATO Institute have the answers.

ROY JOHNATHAN KENDALL of CA 1:45AM December 17, 2010

Companies have record profits. The working class has been bled like a turnip.
The answer is to offer corporations a tax break for cash-back profitsharing.
That is, an incentive for re-investing in the people who earn the profits.
Real Profit Sharing Will Stimulate Economic Recovery. The facts are clear.
The National Bureau of Economic Research has defined the components of a healthy
economic recovery. They are:
1.Increased personal income
2.Increased employment
3.Increased industrial production
4.Increased business sales volume
5.Increased Gross Domestic Product statistics for 2 or more consecutive months.
What ONE economic strategy can accomplish all five of these at once?
Real profit sharing. Not profit sharing in its present puny form. If we want rapid results, there must be a generous cash-back, frequent, predetermined percentage of profits, shared with workers. And what would incentivize private interests to participate? A tax credit. Allow businesses a tax credit for their profit-sharing, up to 15-20% of net profits. A contingent tax cut, in essence.
1.Profitsharing would rapidly raise household incomes, causing increased supply and demand.
2.An increase in supply and demand precedes job creation.
3.Higher pay (linked to profits) incentivizes job seekers, and hard work.
- A motivated workforce increases industrial productivity.
4.Increased supply and demand also leads to increased sales volume.
5.A profitsharing tax credit is a built-in stimulus, which creates a sustained healthy GDP.
6.Additionally if this is practiced world-wide, it could revitalize the global economy as well, and perhaps restore our nation to a position of moral and economic leadership,
by demonstrating a more egalitarian model of free enterprise.
All of the above, of course, leads to a wider tax revenue base, and greater tax revenues.
More jobs, more people working, higher incomes lead to more paycheck with-holdings. It would therefore replenish the Medicare and social security coffers as well. It leads to a leaner government, that is more citizen and business friendly.
The profitsharing tax credit makes it easier for the unemployed “on-the-street” to attain financial stability. It helps families pay for mortgages and health care. It helps prevent the extremes of poverty and wealth by natural design.
Most importantly, it is politically neutral. It is the missing link of conservative supply-side economics and the missing link of liberal economic democracy. It dovetails liberal and conservative ideals. It is two opposite turning gears doing work for the betterment of the people.
Why not try it in one state first, like NC, and if it works, expand the program.
The profit-sharing tax credit can change the world. “Without vision, the people perish.”
Feedback welcome here at profitsharinguprising.
Please forward this to friends, family, and your representatives.

Darian L. Smith of NC 10:48AM December 15, 2010

"It's true that Bernanke once supported Fed policies that contributed to the 2008 financial meltdown, and failed to foresee the worst parts of the downturn. But there is virtually nobody in the financial or economic firmament who accurately predicted the course of the boom, bust, recession, and recovery."
YOU EVER HEAR OF RON PAUL? He's been telling us about the negatives for decades. Everyone would rather call him nutty and ignore him though. So Ron Paul is the only one that predicted the boom, bust, recession, and recovery accurately. Now he is saying things could get even worse. You might want to research Ron Paul and what he is predicting now. It may help you out later. That is, if your tired of the lame government and Fed games.
Google: Ron Paul

Obummer of MD 12:08PM December 13, 2010

does anyone really know that-what we call a human?look up and learn-he is not a good human at all-

hunter of WY 1:23AM December 06, 2010

Do you have a clue what your talking about. Read the story again..slowly and I bet you will get the very big picture. Interest rates are the LOWEST they have ever been. You are truly fooling yourself if you think we are at a turning point. I would be willing to wager against you..the story from BB is the truest thing I have seen since sp many are being brainwashed to think they will be saved by the republicans. They are truly going to be yours and my demise because they wish to rule us.

Lisa of PA 4:43PM December 04, 2010

Nor you either, BB.
The People know a heck of a lot that you are not talking about.

Jeremiah Bullfrog of OR 12:28PM December 04, 2010

I'm not. And neither are you. So let's stop pretending that that we understand this macro situation better than someone like B.B. This isn't a simple supply and demand problem from 10th grade economics. This is a much more complicated issue that we know little, if nothing about.

Matt of IN 3:18PM November 24, 2010

The Fed purchasing loans requires them to print money and increasing the fall of value for our dollar. This makes a contribution that adds to present inflation when measured properly to include food and fuel now being felt in our marketplace. When government changed our measurement method for inflation it lost its honest public value masking reality in a serious and sad manner.

Glenn Boom of AL 11:20AM November 23, 2010

The Fed purchasing loans requires them to print money and increasing the fall of value for our dollar. This makes a contribution that adds to present inflation when measured properly to include food and fuel now being felt in our marketplace. When government changed our measurement method for inflation it lost its honest public value masking reality in a serious and sad manner.

Glenn Boom of AL 11:18AM November 23, 2010