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Bernanke's "Success" Summed Up In One Chart

Tyler Durden's picture




 

Since his appointment, the balance sheet of Ben Bernanke's Fed has exploded, stock prices have resurged to newerer highs, and home prices are breaking (bad) records once again. However, the following chart of sentiment towards the money-printer-in-chief by income bracket sums it all up... (despite Bernanke's "belief" that "Fed policy is a Main Street policy") Greenspan will be happy though, as Bernanke's disapproval rating is almost double that of his when he left office in 2006 (and approval rating considerably lower).

 

The American public is divided on how Bernanke has handled his job, with 40% approving and 35% disapproving.

 

One in four have no opinion. By contrast, Bernanke's predecessor, the better-known Alan Greenspan, left office with a strong majority approving of his performance.

As Gallup adds,
Bernanke's consequential legacy may take decades to fully assess, but he has already won many plaudits from an array of economists, policymakers, and financial analysts.

The American public is divided on Bernanke's job performance. Many of the commentaries applauding Bernanke's actions focus on what might have happened had the Fed chairman not intervened, but most Americans are more likely to judge Bernanke, like other public officials, on the results of his policy decisions, rather than what might have been. While even a man as powerful as Bernanke cannot control all of the interrelated forces that drive the economy, Americans' views on his job as top central banker have been shaped by the speed and breadth of the recovery. And for many, the economic recovery remains underwhelming.
 

Ignore that though - as he explained here...

The Fed is here for Main Street...

 

(h/t @Not_Jim_Cramer)

 

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Thu, 01/30/2014 - 18:04 | 4385663 RacerX
RacerX's picture

The only thing this guy has done is print money. Whoopie.

Thu, 01/30/2014 - 18:05 | 4385676 Tinky
Tinky's picture

That's wildly unfair. He also quivered his upper lip on numerous occasions.

Thu, 01/30/2014 - 18:47 | 4385790 nope-1004
nope-1004's picture

LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR   LIAR  douchebag

Thu, 01/30/2014 - 20:02 | 4385959 colddirt
colddirt's picture

^

this

Fri, 01/31/2014 - 08:55 | 4387301 venturen
venturen's picture

Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Wall Street Tool, Rot in Hell

Thu, 01/30/2014 - 18:06 | 4385677 dryam
dryam's picture

No, he has lied as well as anyone has in the history of this world, and that's saying something. 

Thu, 01/30/2014 - 18:21 | 4385724 Alethian
Alethian's picture

His true legacy.

Thu, 01/30/2014 - 21:13 | 4386180 HardlyZero
HardlyZero's picture

Big Fiat Stick.

Thu, 01/30/2014 - 22:02 | 4386334 AGuy
AGuy's picture

"No, he has lied as well as anyone has in the history of this world, and that's saying something. "

Actually he was a poor lier since it was very easy to spot by looking at his facial expression when answering questions.

Thu, 01/30/2014 - 22:46 | 4386480 ILLILLILLI
ILLILLILLI's picture

"The subhuman chanting of "B-B...B-B" always filled him with horror. His entails seemed to grow cold but he could not help sharing in the general delirium. He chanted with the rest, it was impossible to do otherwise..."

Thu, 01/30/2014 - 18:21 | 4385727 agent default
agent default's picture

Yes but he was so good at it.  A genius, a true artist of the trade, a true craftsman at work.

Thu, 01/30/2014 - 18:05 | 4385671 halfawake
halfawake's picture

no offense intended but whotf making 24k or less even knows what the federal reserve is?

Thu, 01/30/2014 - 18:07 | 4385686 Obama_4_Dictator
Obama_4_Dictator's picture

I make less than 24k (not worth it due to taxes) a year and I know who he is.....

Thu, 01/30/2014 - 18:09 | 4385693 halfawake
halfawake's picture

Did they call you?  :)

 

i mean to say "what percentage of folks" but whotf came out instead.

Thu, 01/30/2014 - 18:26 | 4385739 Seasmoke
Seasmoke's picture

I read who the fuck....Worked for me

Fri, 01/31/2014 - 07:15 | 4387155 North Sea Cowboy
North Sea Cowboy's picture

Your average newly graduated person with 100k debt and no job? Must be a few of them now.

Thu, 01/30/2014 - 18:06 | 4385675 Nid
Nid's picture

Nice name tag they've made for that fucking criminal....did they misplace their crayons?

Thu, 01/30/2014 - 18:07 | 4385681 buzzsaw99
buzzsaw99's picture

When asked about the ben bernank most poor people replied: "Who?", and that is the way the maggots like it.

Thu, 01/30/2014 - 18:22 | 4385730 Rainman
Rainman's picture

hahaa ...and that who is listed as approve.

Thu, 01/30/2014 - 18:07 | 4385687 pragmatic hobo
pragmatic hobo's picture

i make over 90k and i think bernanke is shit.

Thu, 01/30/2014 - 18:12 | 4385700 LawsofPhysics
LawsofPhysics's picture

Likewise, did the BLS have a hand in this survey?  But be realistic, how many people making 50K or less know what the Federal reserve really is?

Thu, 01/30/2014 - 18:10 | 4385690 Rehab Willie
Rehab Willie's picture

Ctrl + P = Bernanke

Thu, 01/30/2014 - 18:10 | 4385695 denverdolomte
denverdolomte's picture

"A stern-faced Bernanke responded people bought it for protection and was once again cut-off, with Ron Paul once again on the offensive.

“Is gold money?” he asked.  Clearly bothered, Bernanke told the representative, “No. It’s a precious metal.”"

Thu, 01/30/2014 - 18:24 | 4385737 denverdolomte
denverdolomte's picture

The last few seconds of this clip are just too classic, regardless of your viewpoint of Dr. Paul, his remarks are a slap Ctrl + p 's face.

 

http://www.youtube.com/watch?v=2NJnL10vZ1Y

Thu, 01/30/2014 - 18:10 | 4385696 LawsofPhysics
LawsofPhysics's picture

So his "let them eat cake" campaign has worked, just as it did for the French oligarchs in the late 1700's.

 

Great, let's hope the result is the same then, gotta stay optimistic folks.

Thu, 01/30/2014 - 18:16 | 4385706 Racer
Racer's picture

So take away that big green column of the ones that are more probably in the benefited section and most people either rate the ChairSatan for what he is..  a robber along with all his cronies in crime, or are too dumb to care or think

Thu, 01/30/2014 - 18:42 | 4385779 The man with po...
The man with pointy horns's picture

Fuck you Bernanke!

Thu, 01/30/2014 - 18:43 | 4385782 deflation-is-not
deflation-is-not's picture

It was like yesterday but six years gone by since when he stood next to Hank Paulson in the press conference.

Nothing changed.  These two guys have done so much damages to millions' lives but in the end they just fade away with their personal life intact and enhanced.

Same with George W. and soon in 3 years Obama will exit from our world just like these three.

Thu, 01/30/2014 - 18:46 | 4385793 Racer
Racer's picture

At least Hitler gave people a quick end after a lot of deprivation

Thu, 01/30/2014 - 19:01 | 4385813 Fiat Burner
Fiat Burner's picture

100% should have said he should be rotting in a jail cell for treason against the republic.

Thu, 01/30/2014 - 19:05 | 4385819 sbenard
sbenard's picture

BUBBLES BERNANKE!

Thu, 01/30/2014 - 19:18 | 4385849 I Write Code
I Write Code's picture

Too soon to tell, may take 20 years to forever to figure out if he was right or wrong.

Or maybe never, just as we still aren't clear on what effects policies had on the Depression and just why it ended after WWII.

Thu, 01/30/2014 - 22:22 | 4386400 AGuy
AGuy's picture

"Too soon to tell, may take 20 years to forever to figure out if he was right or wrong."

Huh? Remember Bernanke's famous words: "Subprime is contained", or "No bailouts for financial businesses", or the dozen of other times when he was dead wrong? He was wrong before he even became Fed Chief. Benanke was a man with a hammer and use his hammer as if every problem was a nail. Since the crisis, nothing has been fixed. We still have insolvent banks, record levels of debt (consumer, corporate, and especially gov't), and zombie companies preventing economi growth. Bernanke printed 20 Trillion (if you include the foriegn bailouts and currency swaps) and all we got is a lousy cronism, nepitism economy!

 

"what effects policies had on the Depression and just why it ended after WWII."

None! The US had 90% of the global manufacturing capacity after WW2, since all of the other industrial nations had their factories and infrastructure destroyed during the war. The US was the only major industrial power that didn't get its infrastucture bombed. The US supplied the good and tools, the rest of the world needed to rebuild. In addition, a lot of new technology was developed during the ware, that created brand new industries that accelerated production and moderization. Energy resources that were developed during the war, became dirt cheap for consumers. At the End of the War the US was the largest producer and exporter of Oil.

 

 

 

 

Thu, 01/30/2014 - 19:21 | 4385860 syntaxterror
syntaxterror's picture

"I am not monetizing the national debt."

Thu, 01/30/2014 - 21:16 | 4386186 HardlyZero
HardlyZero's picture

Masticulating the Debt for every last drop.

Thu, 01/30/2014 - 19:29 | 4385873 chump666
chump666's picture

He is a f*cking idoit.

Thu, 01/30/2014 - 19:45 | 4385909 noob
noob's picture

Give it up for... *(obstruction of justice minister) Eric Holder - Attorney General of the United States
Woop woop!

Thu, 01/30/2014 - 19:54 | 4385935 jomama
jomama's picture

i'll say it again.  who gives a fuck what the plebes think?

Thu, 01/30/2014 - 20:15 | 4385994 AGoldhamster
AGoldhamster's picture

ZH - or Tyler - quite obviously has a problem with those >90K.

I suggest to check history.
Has there ever been a time without the rich?

You could as well complain that there is the night - and the day. Completely worthless. Or you could complain that earth moves around the sun. Again worthless. Even dumb.

Problem are not the rich.
Problem are the sheeple. Some of which are rich BTW.
Problem is not Bernake.
Problem are those that have elected those in power.

That is ... some 300 million sheeple or so - in USA.

Or 7 billion or so worldwide.

Or not?

How many of them reading ZH?

And still electing those about which you complain?

You will not change a yota. This is the way humans live since there are sheeple on this planet. And that will not change as long as there are sheeple on this planet.

So you better spend your time for something more useful.

Thu, 01/30/2014 - 20:18 | 4386007 Pheonyte
Pheonyte's picture

You will not change a yota.

 

What's a yota?

Fri, 01/31/2014 - 08:18 | 4387229 Disenchanted
Disenchanted's picture

Maybe Yoda he did mean.

Thu, 01/30/2014 - 20:28 | 4386029 Stuck on Zero
Stuck on Zero's picture

I hate to say this guys but the absolute best Fed Chief would always get 100% disapproval ratings. A stern assed MF who always said no to handouts and fake money would have no friends in this generation.  Next generation, yes.

 

 

Thu, 01/30/2014 - 20:58 | 4386125 BullyBearish
BullyBearish's picture

He lies??

 

"I will not monetize the debt"

 

"Gold is NOT money"

 

"I'm not any richer than when I was a college professor"

Thu, 01/30/2014 - 21:16 | 4386174 angryBuddhist
angryBuddhist's picture

Lemme see -

In the brave new utopian world that lies just ahead (according to our dear and glorious leadership) who would you prefer to have standing next to you? A guy who's only answer is to print first and ask questions later? The only thing I need to know is how good is your aim?

Thu, 01/30/2014 - 21:17 | 4386195 Dingleberry
Dingleberry's picture

He didn't do it for the rich.

He did it for you.

He did it for the children.

Thu, 01/30/2014 - 22:14 | 4386374 RaceToTheBottom
RaceToTheBottom's picture

This is as to be expected.  It makes no sense to review the FED while or right after they are there.  Though in the case of the Bernank the rich was the only group he served

 

Ex:  Look at the Greenspam.  Most idiots thought him and his briefcases were magic.  Now we know he filled his head with shit and his briefcases with nonsense that only CNBC Asshats could consume.  He was senile old sold out farce.

Thu, 01/30/2014 - 23:04 | 4386535 holdbuysell
holdbuysell's picture

His legacy is summed up by this custom-built keyboard:

http://www.silverdoctors.com/pic-of-the-day-bernankes-keyboard/

Fri, 01/31/2014 - 08:59 | 4387311 shovelhead
shovelhead's picture

Heroin dealers have the same problem as Bernanke.

If I give my best customers all they want, they will kill themselves...

 

Ah fuck it. Let er rip.

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