Jan 182008
I’ve never seen the guy on TV or heard him talk, but from what I’ve read, Ben Bernake sure knows how to act like someone who’s in way over his head. Here’s the latest example, from Friday’s Wall Street Journal:
In that way, Mr. Bernanke’s criteria for an effective stimulus package — one that is “explicitly temporary” and designed to prop up spending in the coming year — was a critical boost for Democratic efforts. But Mr. Bernanke, a former chairman of Mr. Bush’s Council of Economic Advisers, also said that “low taxes tend to stimulate efficient economic behavior and stimulate growth” — a common Republican refrain.
An explicitly temporary package. Now that’s something to help one make solid investment decisions for the future.