Friday, December 4, 2009

Thanks for all the help, Ben

Fed Chairman Ben Bernanke is up for confirmation again as our nation's chief money overlord and coin czar. So, in the face of high unemployment, a Fed that is viewed as completely uncaring as to the suffering of actual people/subservient to Wall Street/an unthinking cash spigot to the financial sectors that shitted our economy/completely abdicated it's oversight capabilities, and the fact that Jim DeMint, Jim Bunning, and Bernie Sanders have all placed holds on his confirmation, Benny is probably going to try real hard to show that he cares and fight for his job, right? Not exactly.
In testimony before the Senate Banking Committee today, where he's seeking re-appointment as the Fed's chairman, Bernanke called for cutbacks in Medicare and Social Security even as unemployment rises and the middle class is endangered.
And there was this, on efforts to create a stimulus that targeted jobs and employment.
Federal Reserve Chairman Ben Bernanke on Thursday threw cold water on efforts to push a major new fiscal stimulus package.
Well, it's not like it's in the Fed's mission statement to "promote effectively the goals of maximum employment" or anything.

So let's see, in his bid to get reconfirmed he not only advocated for cutting Social Security and Medicare, but decried a second stimulus to address the whole employment problem our jobless recovery is having, all while the Fed isn't really living up to it's mandate to deal with unemployment, is freaking out over a non-existent inflation threat, is a non-existent regulatory authority, and is a money funnel to our financial betters. Is there anything else he's like to do? Perhaps sodomize all of our mothers while pouring sugar in our gas tanks? Maybe I'm naive, I just thought he'd maybe try to do something other than yell "Fuck you peasant, don't look me in the eye" before advocating the Fed's "go pound sand" posture towards America's jobless masses.

Thanks for all the help, Ben. I'd be nice if we had a Fed Chairman that had a better plan for unemployment than "do nothing", but I guess I was just hoping against hope. Luckily, this will probably cost him a less than unanimous confirmation. He'll probably only get 90 votes now.

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