Bernanke has lost our confidence

A non-scientific poll conducted by CNBC on June 22 asked its audience if they “Had confidence in how Fed Chairman Ben Bernanke was handling the economy?” More than 17,000 people replied, a number large enough to reduce margin of error to a very small number, and the results were astounding.

Ninety-eight percent of those who replied said “no,” they were not confident in his handling of the economy. I was one of those “no” respondents. In my opinion, his only answer to every crisis is print more money. To do this he adds more debt on the already poor balance sheets of the American people, and so far the only real job creation is overseas, as money flees the United States to countries where they can get higher rates of return.

I acknowledge the complexity of the current situation, and certainly the current administration inherited a disaster from the former. But they might do well to listen to the American people on this one. Can 98 percent of us be wrong?

Michael H. Bond
Monroe