Wednesday, June 8, 2011

The Bernanke Scandal: Full-Frontal Cluelessness

The Fed Chairman recently spoke about the slow growth of the economy and joblessness but offered no solutions to the housing crisis while implicitly supporting a broad policy in which taxpayer money has been  made available to corporations whose investments and job creation benefits foreigners at the expense of US workers. Oh yeah, he also claimed that all TARP money had been paid back but failed to note the cost of other programs that will not be paid back and $5 trillion in additional debt that resulted from ineffective Fed policy under his watch.

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