Forty Two Percent of People Polled, View the FED Favorably??

I clicked on this link because Fed Chairman Ben Bernanke is apparently not doing so hot in the popularity contest that is all things important nowadays. Substance has little meaning.

I was not surprised to see Bernanke's numbers fall. Using the American economy as your own little personal experiment and petri dish has not been good for most of us. (non-bankers)

http://www.bloomberg.com/news/2011-06-24/bernanke-public-approval-falls-to-lowest.html

The part of this article that absolutely stunned me was that 42% of people polled view the FED favorably!! Go ahead and steal our money. Distribute it among your member banks. Enable our thieving government to borrow and sell the future work product of our children and grandchildren. And oh yes, charge interest on money that doesn't exist anyway...

And for this, nearly half the country is grateful? Wow. That is how out of touch Americans really are. Clueless. But not afraid to utter opinions about things they know nothing about...

Comments

Fiat's Fire said…
I'm sure you know the old adage about statistic and lies. Like the unemployment figures, this number is bogus. I think 4.2% view them favorably. They forgot the decimal.
June 24, 2011 at 5:11 PM
Anonymous said…
The vast majority of Americans have no idea what the Fed is or what it does. I saw an old movie recently where two hapless detectives had stumbled on a big time white collar crime. The term Federal Reserve came up and one Detective thought the guy was talking about a federal prison. I think the screen writer had his finger on the pulse of America.
June 25, 2011 at 10:10 AM
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