Bernanke to suggest suspending pay roll tax?

[Amphictyonis]

http://www.counterpunch.org/




Bernanke Ponders the "Nuclear" Option

By MIKE WHITNEY
Ben Bernanke's speech on Friday in Boston could turn out to be a real barnburner. In fact, there's a good chance the Fed chairman will announce changes in policy that will stun Wall Street and send tremors through Capital Hill. Along with another trillion or so in quantitative easing, Bernanke is likely to appeal to congress for a second round of fiscal stimulus, this time in the form of a two-year suspension of the payroll tax. That's what he figures it will take to jump-start spending and rev-up the flagging economy. It could be an extraordinary intervention........

[Rakhmetov]

http://www.counterpunch.org/




Bernanke Ponders the "Nuclear" Option

By MIKE WHITNEY
Ben Bernanke's speech on Friday in Boston could turn out to be a real barnburner. In fact, there's a good chance the Fed chairman will announce changes in policy that will stun Wall Street and send tremors through Capital Hill. Along with another trillion or so in quantitative easing, Bernanke is likely to appeal to congress for a second round of fiscal stimulus, this time in the form of a two-year suspension of the payroll tax. That's what he figures it will take to jump-start spending and rev-up the flagging economy. It could be an extraordinary intervention........

I've read this new article tonite and it looks like tomorrow there might be some mushroom clouds exploding in the financial community. Bernanke, aside from the obvious criticism that his eyes roll back like a shark whenever he gags deep against everything that's honest, decent, and just is an academic in every negative meaning of the word. Bourgeois professors like him sprout grey hairs trying to decipher the undecipherable. Logic has no place in economics. What he needs is a Marxist framework to analyze correctly. You can almost pity the charlatan.