Bernanke Signals Continued Low Interest Rates - Barrons.com

MR > TITANIC BAND LEADER: Bernanke Signals Continued Low Interest Rates - Barrons.com: "- Sent using Google Toolbar"

Seemingly, what Bernanke can't say (and perhaps has to block form his mind) is that the policies from the Congress and White House will be accelerating any jobs created to move outside the country.

Yes, companies may do reasonably well. After all, they are nothing but abstract impersonal entities that are charged with providing affordable goods and services to a global (and globally competitive) market.

But, the angst resplendent in comment after comment in the WSJ is that these companies should care about American's who need (good paying) jobs.

However, when people buy goods and services they are looking for value for money, which usually means the lowest priced equivalent product.

The US tax, regulatory, immigration and labor policies make this a joke. Bernanke doesn't say it; much of the world is still thinking about the US as it was, not as it is.

But, the true job picture tells a different story. (As friends from Europe say, the US calculates unemployment statistics in an almost opposite way to Europe - i.e. in the US, if you've given up hope, you're no longer unemployed; in Europe, if you can't get welfare anymore, then you register as unemployed and have to take jobs the labor office finds you.

One does feel that in the US one is listening to the equivalent of the band on the Titanic, an hour or so after it struck the iceberg - but, high on cocaine (or similar) everything seems a-ok.