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September 11, 2012 12:15 PM   Subscribe

The complete guide to America's jobs crisis and the failure of monetary policy using animated gifs
posted by Hypnotic Chick (16 comments total) 15 users marked this as a favorite

 
Posting this without the img tag enabled is just cruel.
posted by vorfeed at 12:21 PM on September 11, 2012 [1 favorite]


This isn't on Buzzfeed, Cracked, or Vice.

It's on Business Insider.

We are nearing Internet Singularity, where there is no divide between pop culture memes and critiques of finance, and the disjointed internet becomes one unified whole.
posted by filthy light thief at 12:23 PM on September 11, 2012 [11 favorites]


Five bucks says this is the result of someone having to justify being on ONTD at work.
posted by griphus at 12:26 PM on September 11, 2012 [5 favorites]


why don't we link straight to his blog rather than giving Blodget a penny?

Rortybomb
posted by JPD at 12:27 PM on September 11, 2012 [7 favorites]


Why Ben Bernanke Can't Save The Economy

TL;DR: Bernanke's afraid his precious reputation will be tarnished if he does something now that he could have done two years ago.
posted by zombieflanders at 12:30 PM on September 11, 2012 [1 favorite]


That was impossible to read with all the blinking and moving.

And Business Insider isn't news - I'd probably trust Buzzfeed over them.
posted by desjardins at 12:37 PM on September 11, 2012 [2 favorites]


I'd assume that Bernanke isn't doing more definite quantitive easing because:

A) He doesn't think it will do that much good without congressional support (a jobs bill). He's complained about that several times.

B) There are enough people that have an ungodly fear of inflation, including congress critters, that laying out a big permanent expansion will get him in hot water in front of congress. Just a scan of google news is showing a number of sites saying the real issue is the federal debt.
posted by zabuni at 12:38 PM on September 11, 2012 [2 favorites]


He doesn't think it will do that much good without congressional support (a jobs bill). He's complained about that several times.

He's just using circular logic here to pass the buck. He knows Congress won't pass a jobs bill, so how is even "not much good" better than nothing.

There are enough people that have an ungodly fear of inflation, including congress critters, that laying out a big permanent expansion will get him in hot water in front of congress. Just a scan of google news is showing a number of sites saying the real issue is the federal debt.

We have insanely low inflation right now, so that's not nearly as much of a problem as he thinks it is. And he shouldn't be worried about being brought in front of a Tea Party Caucus kangaroo court over either inflation or debt, because those are problems that are not of the Fed's making, but rather Bush and Congress from 2001-2005.
posted by zombieflanders at 12:49 PM on September 11, 2012


Or maybe Bernanke's just not doing anything to help the economy until the guy he wants to be President comes in. And that's why Romney's campaign is relying so much on the "It's the Economy, Stupid" argument.
posted by oneswellfoop at 12:51 PM on September 11, 2012


Insanely low inflation. Insanely low interest rates. Government should be spending like a drunken sailor and promising to keep doing so. Fed should be targeting GDP and promising higher inflation.
posted by idb at 1:58 PM on September 11, 2012 [1 favorite]


That article....almost made sense to me.
posted by the painkiller at 2:11 PM on September 11, 2012 [1 favorite]


why don't we link straight to his blog rather than giving Blodget a penny?

Because we use noscript so it doesn't really matter either way.

But I see your point.
posted by Aizkolari at 2:31 PM on September 11, 2012


Um, not so much about the article, more about the gifs... Does it bug the shit outta anyone else that there seems to be this "thing" about making badly-looped gifs that have the person saying a sentence or two in text and only three and a half words in the picture? Not an even number, but a fraction like three and a half or five and a quarter. I usually try to figure out where it's from, what they're saying, and who they are and forget the point that said gif was being used to illustrate.
It can't just be me, can it?
posted by Zack_Replica at 3:54 PM on September 11, 2012 [2 favorites]


The fact that this is on Business Insider gives us some insight into, you know, what's inside business, which is, ironically, in good part why things are as fucked as they are.
posted by stavrosthewonderchicken at 5:21 PM on September 11, 2012


These are really the only gifs anyone ever needs.
posted by desjardins at 5:22 PM on September 11, 2012


Zack_Replica - I think some sites have really low maximum image size quotas so creators have to cut as much out as possible sometimes. But that doesn't really excuse lack of skill/execution, and then sometimes scenes don't lend themselves for good loops.
posted by porpoise at 8:44 PM on September 11, 2012


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