Wednesday, February 9, 2011
Bernanke is part of the problem
An exchange between Bernanke and House Budget Committee Chair, Paul Ryan (R-WI). It shows how Bernanke has become part of the problem.
Ryan: “Just to summarize, you do believe that one of the best things we can do for short-term economic growth is to put out a plan that actually stabilizes our fiscal picture, that actually gets our liabilities under control, and shows, with confidence, that we have the right trajectory because we’ve addressed the programs — which are spending programs — that are getting us out of control. Is that the case?”
Bernanke: “That’s correct.”