Cramer's remark on Bernanke and Bernanke vs Paulson

Re Cramer's remark on Bernanke. I think that it is Paulson, the wolf (?), as his appearance often makes markets to jitter. Bernanke's words are much better than Paulson, e.g. on USD, even though we could think that they are all hired by big money to do what they told to do.

Paulson Interview: Fixing the Homefront

http://www.cnbc.com/id/15840232?video=620797594

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Fed Will Take Us to Recession
Posted By:Tom Brennan
Unemployment’s at a two-year high, and still the Federal Reserve is worried about inflation. No wonder the Dow dropped 257 points on Friday.
It’s not like we couldn’t see this coming, though, Cramer said. Well, he did anyway. But Bernanke and gang played it conservative, and here we are.
“I almost have to believe this Federal Reserve wanted to write a dissertation on a recession that it created itself,” Cramer told viewers, alluding to the central bank’s academic predilections. “Well, summa cum laude to Ben Bernanke.”
And that talk of injecting liquidity into the markets: “joke, joke, joke – all of it,” Cramer said. “These bums simply don’t know how it works. They've never traded.”
The Fed’s “incrementalism” has Cramer thinking “they’re going to take us into a recession right around election time.”
The only bright spot the Mad Money host sees is the extremely negative sentiment among hedge funds, causing low valuations in infrastructure, oil, agriculture, defense and gold – and that’s it.
So now Wall Street’s in recession mode, and Homegamers should be, too, Cramer said. This is the time when Pepsico
Remember the rule: Supermarket and drugstore stocks work in a downturn.- cnbc
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Paulson Speech: January 7, 2008
HP-757

Remarks by Treasury Secretary Henry M. Paulson, Jr.
on Housing and Capital Markets
before the New York Society of Securities Analysts

New York City, NY-- Good afternoon. I will provide an update on the U.S. housing and capital markets and, at the beginning of this new year, an outlook for the U.S. economy.

As I have said for some time, the housing and credit disruptions have slowed our economic growth, and the housing downturn remains the greatest risk to our economy. Yet, the U.S. economy remains diverse and resilient, even as it works through these current challenges.