Fed Chairman Ben Bernanke with his unenviable job of trying to save the crumbling American economy with interest rate tweaks is sort of like a firefighter standing before a Texas wildfire who gets to shoot at it with a water pistol while everyone yells at him about the size and type of his water pistol.
The GOP leadership, on the other hand, is more like a different firefighter who stands a little further away and fires torpedoes into the blaze in the hopes that he will be elected winner of the smoldering remains after his colleagues have been burned alive.
To that end, top Republican Senate and House leaders sent a strongly-worded letter to Bernanke Tuesday warning him to leave off his latest plan to stimulate the economy, because it has a near-zero chance of making everything slightly less terrible that still rhetorically counts for more than “doing nothing, screw everybody,” as the GOP strategic plan outlines. READ MORE »
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