A symptom or a cause?

Is this a symptom or a cause of our economy’s issues?

Either way, it’s a frightening display.

H/T: Inman Blog

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  1. Jeremy Hart January 19, 2008 at 10:44

    A symptom, I’m afraid, of the wrong people being put on the bus. Bernanke handled it well, I thought. Played this on the show this morning.

  2. Tony Arko January 19, 2008 at 15:06

    And to add to the confusion, the Representative that didn’t know who Bernanke was, is misidentified as a Senator. I wonder if people know the difference in those two positions.

  3. Jim Duncan January 20, 2008 at 08:24

    That clip did not inspire confidence. I listened to most of the hearing/testimony, and I think he handled himself quite well.

    This woman’s constituents should castigate her immediately for being such an embarrassment.

    “Thank you for clarifying that for the record.


  4. TrvlnMn January 20, 2008 at 12:45

    Funny clip. Sad but funny.

    I vote that the ignorance this clip represents is a cause.

    The problem with the economy isn’t something that can be fixed with tax cuts or a budget stimulus plan. They’re missing the big picture or purposefully ignoring it.

    The problem with the economy is that there are no or very few jobs where someone with a basic education can work *and* earn a wage that would allow him/her to be “middle class”. Thats what was available to the average person when the U.S. had a strong manufacturing sector. That has been replaced by McDonalds and Wal-mart. Low wages and skimpy benefits.

    Other employment opportunities that have come along after… have been quickly exported.

    On other Charlottesville area blogs over the past year I have read about the value of “Shopping locally” patronizing locally owned and operated businesses as the theory goes because the money is more likely to be put back into and benefit the community. The alternative being shop at a big box and watch the money get vacuumed out of the community to benefit someone else.

    The United States and it’s corporate citizens have chosen to “shop at the big box.” So our wealth and ingenuity goes to benefit other countries (countries with value systems in opposition to ours), and a handful of the United States wealthy elite.