Bernanke Blames the Blogs
In trying to explain why the incredibly expensive and blatantly corrupt bailouts & stimulus have failed to create jobs or inspire confidence, Bernanke has pulled out the old tired defense of blaming the critics. Except he’s taking it to the 20th century and singling out blogs and bloggers for “identifying … crises.”
Apparently, having people able to speak their mind and find faults in the system is a big problem for the way this guy thinks the economy is supposed to work.
This certainly wins my first annual “Blame someone else” award.
On the up side, he seems to have come to the conclusion that high finance should be treated like a utility, especially if we’re going to constantly be there to bail them out & regulate them like they can never fail.
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