Bernanke Warns Against Cutting Off the Monetary Crack

Thursday, June 10, 2010 , , , 1 Comments

 Go ahead, spend spend spend, Congress, Bernanke obviously needs something to do.

"Right now I don't think is the time -- this very moment is not the time -- to radically reduce our spending or raise our taxes because the economy is still in recovery mode and needs that support," Bernanke testified before the House Budget Committee.

Bernanke referred to the nascent economic recovery as "still pretty fragile" and cautioned that the economy "may need more assistance."

Feeling alright, ZB? Need a good dose of zinc and some OJ? A good slapping around? Whatever you need, homie, just hit me up...

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


W.C. Varones said...

That would be fiscal crack, not monetary.

But I'm sure the economy will be super-strong enough to handle the massive tax increases coming January 1. I mean that's a whole 6 months away and private sector employment should be awesome by then.