By Les Dunaway
Well, this has been an interesting week and not all bad. The world got to see Ben Bernanke admit, live and in color, that his Fed can’t do much about unemployment and then tell us the inflation that’s hurting every American family “won’t last long”. It would have been interesting to understand the logic that led him to that conclusion.
Larry Kudlow “Gold Slams Bernanke” thinks there’s more wishful thinking than logic involved.
On a brighter note, Americans seem to be getting it with regard to the debt limit discussion. A poll released Wed shows 62% oppose raising the limit, even at risk of government shutdown. Unfortunately, some Senators don’t seem to have gotten it. The “Gang of Six” is looking for ways to roll over on the spending vs taxes issue. [read] Here’s some good insight into this scam from Hugh Hewitt. You might want to send a copy to Saxby.