Bernanke Outlines Exit Strategy - WSJ.com

Bernanke Outlines Exit Strategy - WSJ.com: "Hope you like fairy tales because that's all the Obama plan is.

He's taking more capital out of the economy to fund entitlements. If it goes to entitlements (read: consumption), then it's certainly not there for 'investment'.

He is counting on the fact that people will listen to what he says and hope; that any rational examination of his comments will not be there.

But, ask yourself - where are similar political games being played out?

Can we say Argentina, Greece - even in a way Venezuela?

If the Government is taking an extra 10% of GDP for its spending (which is the current situation pushing 30% vs. 20%), then ask yourself - is this really 'magic money' from the tooth fairy or something?

And, in addition to taking capital out of the economy, he and his administration are guaranteeing higher taxes. So, what's the reason to invest?

And, if you wanted to hope US corporations would locate jobs here, ask why the US had a corporate tax rate higher than competing countries.

As above, Obamanomics math fails the smell test.

The Fed is really funding the deficit - end of story."