Ben Bernanke:
[O]n its current economic trajectory the United States runs the risk of seeing millions of workers unemployed or underemployed for many years. As a society, we should find that outcome unacceptable. Monetary policy is working in support of both economic recovery and price stability, but there are limits to what can be achieved by the central bank alone. The Federal Reserve is nonpartisan and does not make recommendations regarding specific tax and spending programs. However, in general terms, a fiscal program that combines near-term measures to enhance growth with strong, confidence-inducing steps to reduce longer-term structural deficits would be an important complement to the policies of the Federal Reserve.
In other words more stimulus...and waiting....and waiting....this, however won't change a thing for Republicans as they have their agenda. Defund NPR, investigate Obama, repeal Health Care Reform, and then give a big fatty "job creator" tax break for the rich. Bang up job voters, let the pain begin!
I am Frank Chow and I approved this message
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