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(LA Times) Tom Petruno–Bernanke and Buffett try the feel-better approach

Posted on August 27, 2011 by Kendall Harmon

Squeezed into a corner, Ben S. Bernanke tried a classic escape tactic: Create a diversion.

With financial markets hoping for something of substance in the Federal Reserve chairman’s speech on the economy Friday, Bernanke instead cooked up some comfort food. The near-term outlook is a struggle, he allowed, but over the long term the U.S. has the wherewithal to return to a healthy pace of growth.

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Posted in * Economics, Politics, * International News & Commentary, America/U.S.A., Consumer/consumer spending, Corporations/Corporate Life, Economy, Europe, Federal Reserve, The Credit Freeze Crisis of Fall 2008/The Recession of 2007--, The U.S. Government