i would like to introduce chief quarter master, john lennon. john, is a military dad who is balancing life and service to our nation, with service to his family. we would love to hear from you. >> thank you, i want to thank the national fatherhood initiative, they put me on the podium for this one. i have four beautiful children at home, and you can imagine how difficult it is for a military parent to take care of the family. and my advice is to keep in contact with them any way you can. i have worked with it through my wife, jennifer, she's the backbone and i hand it to her, at times when i can't be in contact with my children. and we also keep journals, i recommend this, if your child keeps a journal everyday and you keep a journal, and you read over them when you get home, and it helps them connect. and no one can emphasize how important it is for the child to be involved with the father. just as important as with the mother. and if you combine that with efforts from your spouse, we can raise a wonderful group of children. [applause] >> thank

he quoted john lennon, who said, life is what happens when you are busy making other plans. i would like to promote the beatles as well. it was paul mccartney who said, yesterday, all my troubles seemed so far away. we're often reminded of ringo starr as we get by with some help from our friends, and i am not aware of any hidden messages, but some of the statements made more sense if you read them backwards. now to a more serious subject. following the worst financial crisis of the last 70 years, we are experiencing a recession that will surpass those of the 1970's and 1980's. the response at the fed has been to look for programs different from the past. these programs are put in place for these exceptional circumstances. they will have to be changed as we returned -- we return to normal. this morning i would like to discuss what underlines these policies, and some issues that we must address. these are my views and not necessarily those of my colleagues. in the current crisis, traditional monetary policy has reached its limits. one obvious way is that the federal fund targe

as part of that speech, he quoted from the beatles, john lennon, like is what happens to you why you are busy making other plans. this morning i would like to quote the beatles as well. in regards to the current economy, i think it was paul mccartney who said yesterday all my troubles seemed so far away. now it looks like they are here to stay. [laughter] at our meetings, we get by with a little help from our friends. i am not aware of any secret messages embedded in fomc statement, but i have been told that some of our statements make more sense if you read them backwards. [laughter] i do not agree with that. now to a more serious subject. following the worst financial crisis in the past seven years, we are currently experiencing a recession that will likely match or surpass those of the 1970's or 1980's in depth and severity. the circumstances depots great challenges for policy makers. for us, the responses been to pursue a variety of aggressive and innovative approaches that differ significantly from the standard policies of the past. the programs that we have put in place were de

first chief quarter master, john lennon. thank you. and dwyane wade, i hear he plays basketball good. eton thomas, another basketball player. greg brown, the c.e.o. of motorola. and our outstanding football player. jorge a journalist in the country, and b.b.wane, and tony hawk, the outstanding skateboarder in the world. darrell mcdaniels, mike glass, a small businessman, and senator edward bye, and president david lad, the president of a community college and my staff, dennis mc dona and reggie love, and bobby mashay with this good-looking grub. i don't want to talk long, i want to come around and say hello to everyone. i want to thank all for participating. for the young people here today, i just hope that the message we are sending out, about how important fathers are. it's something that you will internalize. because all of you are probably going to end up being fathers. and the time is now to start thinking about what that means in terms of responsibilities. what it means to be a man. and the men you are sitting with today, exempif

one way to answer is where john lennon be irritated in the way he heard his songs to imagines to sell the cars? and i would say the same purell what i actually have statistical data of what an image in mind is of the biggest seller of them all, the absolute biggest. that is a big seller but not the biggest seller. the biggest seller is right to my right to. it's the american flying in a blue sky, go figure. so consequently when i published a catalog of my images and we have started little dots, when you travel on a giant map. this shot sold a three times in this 09 times, this one is sold 187 times. what is that shot? in the american flag in a blue sky. now you would think that any time can take that shot. however, if you work in new york it is a rainy day, you need a shot of the american flag in five minutes, that is where i come in because my shot is a perfect shot of the american flag. no tears, no wrinkles, just perfect flowing in the win. so on a larger basis if you really think about it for a guy that is presumably loving america and he wants to photograph to marcy in some ways

as part of that speech he quoted from the beetles john lennon who said, "life is what happens to you you are busy making other plans." this morning i'd like to begin by quoting the beatles as well. in regards to the current economy i believe it was paul mccart any who famously said, "yesterday all my troubles seemed so far away. now it looks as if they're here to stay." [laughter] >> at our f.o.c. meetings we're often reminded of ringo starr as we "get by with a little help from our friends." finally i'm not aware of any secret messages embedded in statements like "i buried the phillips curve" but i have been told that some of our fmoc statements make more sense if you lead them backwards. i don't agree with that. but all right. now to a more serious subject. following the worst financial crisis of the past 70 years, we are currently experiencing a recession that will likely match or surpass those of the 19 70's and 80's in-depth and varyity. these exceptional circumstances have posed great challenges for policymakers. for us at the fed the response has been to pursue a variety of ag