Requiem for Ben Bernanke and his Second “Great Depression”
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“I WAS NOT GOING TO BE THE FEDERAL RESERVE CHAIRMAN who presided over the second Great Depression,” declared Federal Reserve Chairman Ben Bernanke this past Sunday. Well, he sure had me fooled. My gut reaction to Mr. Bernanke’s statement was to recall the famous words of former President Nixon, who said of the Vietnam conflict, “I’m not going to be the first American president to lose a war.” And we know how that turned out.
Poor Mr. Bernanke. Does he really not understand his fate? I’ll grant that he was dealt a bad hand – a draw of pure, malevolent evil – by his incompetent predecessor at the Fed, Alan Greenspan. But when you volunteer to run the nation’s central bank, you’re asking for a seat at the table of history. When history deals, you play the cards that you’re dealt. And sometimes history holds all the trumps, if not a few aces up its sleeve. This past weekend Mr. Bernanke “appeared stoic at times,” according to , as he met with 190 people in a town hall-style forum at the Federal Reserve Bank of Kansas City. Over the course of an hour, at an event moderated by PBS correspondent Jim Lehrer, the Fed chairman answered 20 questions from attendees.
The unusual setting allowed the former Princeton professor to speak outside of his usual comfort zone. The give-and-take in Missouri – aka “flyover country” to many Washingtonians – was far removed from Fed chief’s normal, well-scripted congressional testimony, or his occasional academic presentations to roomfuls of big shot bankers and professional economists. Continuing the Nixonian theme, the Kansas City forum was an opportunity to find out what Mr. Bernanke knew, and when did he know it.
Mr. Bernanke defended himself and the Fed against suggestions that he was too eager to aid large financial institutions last fall and winter, while sacrificing the interests of small businesses and everyday American citizens. “It wasn’t to help the big firms that we intervened,” argued Mr. Bernanke as he discussed intervening to help the big firms – y’know, the financial firms that are supposedly too big to fail.
...Dodge City Kansas Attorney David Rebein
Injuryboard attorney David Rebein speaks about the american jury system and the predisposition many jurors have entering the court room regarding ...
January 5th Western Kansas Report
A man arrested after an ecstasy bust in Western Kansas will stand trial. Edgar Juarez, 20, from Texas was arrested last month in Ellis County after a Kansas Highway Patrol trooper found 269 pounds of ecstasy in his car.
The stash found in the trunk contained nearly 400,000 pills with an estimated street value of $7.8 million. An Ellis County judge determined there is enough evidence for Juarez to stand trial.
Police Investigate Monday Morning Shooting
Dodge City police are investigating a shooting that left a teenager shot in the head.
The shooting took place at the 600 block of Market Circle Monday morning. When officers arrived, they found Eduardo Carrillo, 19, suffering from a gunshot wound to the head.
He was taken to Western Plains Regional Hospital and then later transferred to a Wichita hospital for further treatment.
Large Fire Damages Liberal Store
On Monday morning, a large fire broke out at the Rent-A-Center on Parkway Boulevard in Liberal.
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