To be fair to Bernanke, he will go down as Greenspan's bagholder. With the weak dollar and inflation creeping up, the answer would be to sharply raise rates. That would kill the one thing proping up the economy (housing) throwing us into a recession. Greenspan should never have given his blessing to Bush's ecopnomic policies that got us in this mess in the first place.
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That guy's a pretty damn good singer! The humor is a little esoteric, but for an enconomy watcher like yourself, I'm sure it's hilarious.
To be fair to Bernanke, he will go down as Greenspan's bagholder. With the weak dollar and inflation creeping up, the answer would be to sharply raise rates. That would kill the one thing proping up the economy (housing) throwing us into a recession. Greenspan should never have given his blessing to Bush's ecopnomic policies that got us in this mess in the first place.
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