Bernanke to Congress: "It's All You, Dawg"

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This is the quote of the day, from our esteemed Fed Chairman Ben Bernanke, who has essentially thrown his hands up at the fact that nothing he’s done or can do will speed up the cycle…he’s essentially handed off the Jobless Unrecovery to Congress with today’s appearance in front of the joint economic committee…

“Monetary policy can be a powerful tool, but it is not a panacea for the problems currently faced by the U.S. economy…Fostering healthy growth and job creation is a shared responsibility of all economic policy makers.”

That sounds like “Look, I tried every play in the book – even that far-out weird sh*t they were doing in the 1960’s with the Twisting and what not…bottom line, this is your problem now, fellas.”

 

 

 

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