The witlessness and un-wisdom of Ben Bernanke

By Michelle Malkin  •  December 17, 2009 12:27 PM

I discussed the Time Magazine man of the year, Fed chairman Ben Bernanke, on Fox and Friends this morning. In sum: Failure has never had such rich rewards. Via the Mises Institute, here’s a video compilation of his spectacular wrong-headedness about the housing bubble and the state of the economy over the years.

Here’s GOP Sen. Jim Bunning roasting Bernanke as the “definition of moral hazard:”

And now, Bernanke wants to capitalize on his failures and foresight failures to increase his regulatory powers?

Screw up, move up: It’s the Washington way.

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Comments


  1. #1
    On December 17th, 2009 at 12:37 pm, chapoutier said:

    Did Ben say that the fundamentals of the economy are very strong?

    That sounds familiar.

  2. #2
    On December 17th, 2009 at 12:39 pm, b-cat said:

    The witlessness and un-wisdom of Ben Bernanke

    Fits right in in Washington, DC.

  3. #3
    On December 17th, 2009 at 12:42 pm, tre said:

    I expect he’ll get a Nobel Prize in Economics, soon.

  4. #4
    On December 17th, 2009 at 12:44 pm, love2rumba said:

    I expect he’ll get a Nobel Prize in Economics, soon.

    He wouldn’t deserve it.

  5. #5
    On December 17th, 2009 at 12:48 pm, Misscheryl said:

    pm, love2rumba said:
    I expect he’ll get a Nobel Prize in Economics, soon.
    He wouldn’t deserve it.

    ..all the more reason…

  6. #6
    On December 17th, 2009 at 12:50 pm, PhredE said:

    Notable quote at about 10:30 mark:

    “…your time as Fed Chairman has been a failure” – Sen. Bunning

    Spot on. Thanks Sen. Bunning. I wish my state was represented by someone like you.

  7. #7
    On December 17th, 2009 at 12:52 pm, stevevvs said:

    Glad to see Michelle using the Mises Institute!! I get many books by their members.

  8. #8
    On December 17th, 2009 at 12:58 pm, Hangfire said:

    Didn’t Tiger Woods also make Time’s “Father of the Year” award?

  9. #9
    On December 17th, 2009 at 1:06 pm, letget said:

    I just wish they would do an audit on the feds. It would be nice to have a true number of what our debt and where all the money is the dc bunch has given out. The money has to be someplace! Or, is it they haven’t printed it yet?
    L

  10. #10
    On December 17th, 2009 at 1:19 pm, expres12 said:

    Disgraceful. No one has been more wrong than Bernanke. Both presently and in the past leading up to the meltdown.

    This is incompetence rewarded.

  11. #11
    On December 17th, 2009 at 1:28 pm, WarEagle82 said:

    Well, if they don’t reappoint Bernanke then Obamabi will appoint Geithner or someone equally corrupt and stupid!

    Can’t win, can’t break even, can’t quit…

  12. #12
    On December 17th, 2009 at 1:35 pm, Misscheryl said:

    they sure have us all fooled, don’t they?

    /sarc

  13. #13
    On December 17th, 2009 at 1:41 pm, walterc said:

    Isn’t the Time Person of the Year the person that they think has had the most impact (good or bad) on our lives?

    If that’s the case, given the state of the economy, either Ben, BO or the entire US Congress would get my vote (if I had one).

  14. #14
    On December 17th, 2009 at 1:43 pm, Southpaw said:

    I give him a B+ on his contribution to the wrecking of the U.S. economy.

  15. #15
    On December 17th, 2009 at 1:45 pm, Rogue Cheddar said:

    Ron Paul is right! Audit these charlatans!

  16. #16
    On December 17th, 2009 at 1:45 pm, nbarry said:

    Another cop who deserted his beat.

  17. #17
    On December 17th, 2009 at 1:46 pm, Pasadena Phil said:

    Bernanke’s fatal and inexcusable mistake was to abandon all pretense of Fed independence by teaming up with Hank Paulsen to foist TARP on us. There is no putting that genie back in the bottle.

  18. #18
    On December 17th, 2009 at 2:06 pm, Hangfire said:

    Bernanke ~ the Lead Lemming

  19. #19
    On December 17th, 2009 at 3:27 pm, bjc said:

    *As Ron Paul has said, it’s time to “End the Fed”, and take this clown out to the woodshed, along with Ferret Boy Krugman and his ilk; We are now close to the brink of bankrupcy; The country needs a strong dose of what the Mises Institute has to offer, and, oh yeah, the Fair Tax!

  20. #20
    On December 17th, 2009 at 4:55 pm, rightisright said:

    Spot on. Thanks Sen. Bunning. I wish my state was represented by someone like you.

    amen to that, same here in my dismal blue state with Marxist senators and rep.’s. Orygun.

    Bernanke’s fidgeting a result of getting a butt chewing…”ouch” that had to hurt, I loved it.

  21. #21
    On December 17th, 2009 at 5:07 pm, AmericaFirst said:

    TIME magazine has stated the purpose to create a “person of the year” was to show an individual who had the greatest “impact” on the world, whether positive or negative. Obviously the liberal rear wipe rag, Time, loves its destructive role models. Every issue is full of lies, hype and distortions. Too bad our Republican wimps have no juevos to stand up and point out this man’s amazing man made disasters. Where the hell did he get his supernatural talents from, Sylvia Browne?

  22. #22
    On December 17th, 2009 at 5:30 pm, PhredE said:

    On December 17th, 2009 at 4:55 pm, rightisright said:

    Spot on. Thanks Sen. Bunning. I wish my state was represented by someone like you.
    amen to that, same here in my dismal blue state with Marxist senators and rep.’s. Orygun

    Howdy neighbor. I’m here suffering just like you. Greetings from the Great State of Portland.

  23. #23
    On December 17th, 2009 at 6:02 pm, Blackstone said:

    On December 17th, 2009 at 12:37 pm, chapoutier said:
    Did Ben say that the fundamentals of the economy are very strong?

    Would this have been before or after the government “stimulated” it?

  24. #24
    On December 17th, 2009 at 8:36 pm, inspiredhome said:

    Don’t insult my ferrets. Weasel is as close as I’ll grant :P

  25. #25
    On December 18th, 2009 at 9:26 am, Send_Me said:

    In sum: Failure has never had such rich rewards.

    As we say in the Army: “F$#% up, move up.”

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