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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsKRUGMAN: "Fed is afraid to do its job, for fear of being accused of helping Obama."
The Fed
The Feckless Fed
Hmm. When I published a critique of Ben Bernankes recent performance, suggesting that he should reread his own critiques of the Bank of Japan, there were a fair number of people saying that I was just a big meanie.
But my sense is that his latest testimony, in which he declared that the Fed has the power to take action, that the economy is in really bad shape, but declined to, you know, actually take action, has left even his usual defenders more or less speechless.
It really makes no sense except in terms of politics. I really believe that we have reached a point where the Fed is afraid to do its job, for fear of being accused of helping Obama.
fear of being accused of helping Obama
http://krugman.blogs.nytimes.com/2012/07/18/the-feckless-fed/
Turbineguy
(37,347 posts)will get you accused of helping Obama. The repubs want to turn this country into a shithole.
wt1531
(424 posts)a---economy was in a shit hole as Bush was passing the baton to Obama back in 2008
b--Obama has done a lot to stop the bleeding and get the economy in a slow but recovering course
c-- Republicans are doing everything they can to keep the economy in a shit-hole so that Obama looks bad---they could care less about the average joe.
Scuba
(53,475 posts)... and welcome to DU.