Reply #244: Bernanke refuses to say where the taxpayers' money went.

[JDPriestly]

A good shepherd looks for his sheep and can tell you where his sheep are. Bernanke is Greenspan's protege. That is precisely why I don't trust him. We need a change, a real change, in the management of our finances. You claim that Bernanke is a top notch scholar. That is no doubt true. At this point in his career, the right place for him is in a university where students can challenge his scholarship.

Bernanke's knowledge of the depression is not particularly helpful in this day and age. At the time of the depression we were a manufacturing nation with a surplus in trade income. Now, we have virtually no manufacturing and a huge trade deficit. It's like comparing the financial situations of a business that is flourishing with backlogged orders and a momentary cash flow deficit with a business that was hit by a flood, lost all of its customers and is now bankrupt.