Kudlow - It's a Fiscal Problem, Not a Fed Problem

Posted by Jim Spence on Sunday, July 25, 2010
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Ben Bernanke threw a curveball in his midterm report to Congress this week. The Fed view of the economy has been downgraded since it last reported in February. Although the official Fed forecast for 2010-11 is still 3 to 4 percent real growth, Bernanke sounded particularly gloomy when he characterized the economy as “unusually uncertain.” And he indicated that the majority view of the Fed Board of Governors and Reserve Bank presidents is that the risks to growth are “weighted to the downside.” Read more here:
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1 comments:

Anonymous said...

Kudlow's efforts to convince the Obama administration to extend the Bush tax is like trying to reason with a Berkley sophomore. They know everything. The administration's view on the economy is this; to hell with America's economy if indeed tax cuts for small business and job creators is the the most logical way to revive the economy. They're not interested in nurturing an economic environment that will create jobs if it means easing taxes on business and high income individuals. In their view we're better off without the jobs if that's the only thing that will work. Americans can continue to expect double digit unemployment and the democrats blaming Bush as long as the American voter will buy it. If you're unemployed, your only hope might be a political slaughter of the democratic party in November, because the current administration has demonstrated that it hasn't the slightest idea how jobs are created.

July 26, 2010 at 3:40 PM

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