Federal Reserve Chairman Says Economy Is Hurting, Refuses To Do Anything About It

[snot]

2. W.t.h. can he do

Last edited Mon Jul 23, 2012, 11:07 PM - Edit history (1)

besides print more money, which i.m.h.o. would probably not help any more than it already has -- which is damn little -- because it's not going to people who need it and would spend it?

Congress needs to try a stimulus based on the trickle UP theory for a change, including helping States meet their budgets to avoid the impending layoffs of more firemen and teachers, as well as impending firesale sell-offs of public infrastructure, and adopt a WPA-style program.

On edit: Sorry, I should have gone and read the article first. But my opinion stands. While I agree with the lack of confidence in Bernanke, the article relied on re- "6 things" is, i.m.h.o., moronic. Four of the 6 things are basically the same thing, printing money, which we've already done plenty of, and the other things would be unlikely to have significant effect.