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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: jlallen who wrote (442698)8/26/2011 10:23:03 AM
From: Alan Smithee  Respond to of 793905
 
Get ready for Hurricane Irene 23/7 on Cable.



To: jlallen who wrote (442698)8/26/2011 10:30:17 AM
From: FJB  Respond to of 793905
 
Bernanke is clearly a Dem and a Keynesian.

Excerpt:
"Most of the economic policies that support robust economic growth in the long run are outside the province of the central bank," he said.

And he warned that when Congress weighs future deficit reduction plans, it should be careful to not hurt the economy in the short-term. They "should not...disregard the fragility of the current economic recovery."

He said there needs to be a better way of Congress making decisions on taxes and spending. And he said a repeat of the this summer's contentious debate over raising the debt ceiling would likely hurt the economy.

finance.yahoo.com