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Prophets and Losses

Cambermeister Wrote: Feb 05, 2013 10:08 AM
For fifty consecutive months fewer Americans are employed than the previous month. Next month, fewer folks will be working and more will get food stamps. In November we told our government we were fine with their performance on the economy. So they moved on. McCain and Rubio are now concerned about employed criminals that are citizens of another nation. That is what Undocumented Worker means.
Now that the federal government is playing an ever larger role in the economy, a look at Washington's track record seems to be long overdue.

The recent release of the Federal Reserve Board's transcripts of its deliberations back in 2007 shows that their economic prophecies were way off. How much faith should we put in their prophecies today -- or the policies based on those prophecies?

Even after the housing market began its collapse in 2006, Federal Reserve Chairman Ben Bernanke said in 2007, "The impact on the broader economy and financial markets of the problems in the subprime market seems likely to...