The Four Congressional Queens of the Apocalypse Implore Zimbabwe Ben to Chill on the Money Printing



No really, they even wrote a letter and everything:

Dear Chairman Bernanke,

It is our understanding that the Board Members of the Federal Reserve will meet later this week to consider additional monetary stimulus proposals. We write to express our reservations about any such measures. Respectfully, we submit that the board should resist further extraordinary intervention in the U.S. economy, particularly without a clear articulation of the goals of such a policy, direction for success, ample data proving a case for economic action and quantifiable benefits to the American people.

It is not clear that the recent round of quantitative easing undertaken by the Federal Reserve has facilitated economic growth or reduced the unemployment rate. To the contrary, there has been significant concern expressed by Federal Reserve Board Members, academics, business leaders, Members of Congress and the public. Although the goal of quantitative easing was, in part, to stabilize the price level against deflationary fears, the Federal Reserve’s actions have likely led to more fluctuations and uncertainty in our already weak economy.

We have serious concerns that further intervention by the Federal Reserve could exacerbate current problems or further harm the U.S. economy. Such steps may erode the already weakened U.S. dollar or promote more borrowing by overleveraged consumers. To date, we have seen no evidence that further monetary stimulus will create jobs or provide a sustainable path towards economic recovery.

Ultimately, the American economy is driven by the confidence of consumers and investors and the innovations of its workers. The American people have reason to be skeptical of the Federal Reserve vastly increasing its role in the economy if measurable outcomes cannot be demonstrated.

We respectfully request that a copy of this letter be shared with each Member of the Board.

Sincerely,

Sen. Mitch McConnell, Rep. John Boehner, Sen. Jon Kyl, Rep. Eric Cantor

How fucking lazy, they couldn't mail extra copies to the rest of the Federal Reserve Board? Or perhaps trotted their plastic asses down to 20th and Constitution to leave the letter tucked under the windshield wipers of every car parked in front of the Board? Cantor could borrow one of those Lady Liberty costumes Liberty Tax puts unemployed high school dropouts in on the corner during tax time. It'd be awesome.

I'd personally lick the stamps to send this letter to every Federal Reserve System employee across the 12 districts just to see that.

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.

9 comments:

pinkyswear said...

The twist was not a Board decision but an FOMC decision. If Bernanke gave copies of the letter just to Board members, as the four Congressjerks requested, half of the actual decisionmakers would be left out.

W.C. Varones said...

Looks like the market agrees with the Republicans: Operation Twist is an epic FAIL. What's Zimbabwe Ben's next trick?

You are correct, PS, which is why I offered to lick the stamps myself to get this stunner of a letter sent off to the various Fedheads, especially the ones with a vote.

Fed independence ahahahahahaha LMAO LOL ROFL

Love how these GOP asshats can't be bothered to pay attention to the basics (or to do their part to fix the massive fiscal fuckery.)

I'm a lazy motherfucker, but that's really lazy.

W.C. Varones said...

TLP,

They can be excused for not paying attention to the ridiculous structure and titles of the un-Constitutional corrupt bankster bailers. Unless you're a 3rd level Stonecutter, there's really no need to pay attention to that bullshit.

Ben Bernanke is the Grand Sodomite Hegemon, and that's all you really need to know about the confederacy of dunces.

The Dirty Fed is a secret jackoff society that has had way too much influence over -- and has destroyed -- our economy. The repercussions for those chronic masturbators are going to be brutal when the public realizes what they've done to our country.

For a primer on the history and legality of the Fed, I recommend Neal Fox's catchy video.

I don't know, Congress created the Fed, maybe that's a reason they ought to be marginally conversant.

But what the fuck, Congressing is hard work and maybe there was football to watch.

W.C. Varones said...

Dude,

He gave up whoring to watch football.

Baby steps.

Baby steps, I hear you.

Or baby diapers. Whatever.

chairmanben said...

Four Congressional Queens should know tape that letter to a box of Krispy Kremes.