Bernanke To Obama and Congress: Fix This

Best sentence I’ve read all week:

It’s up to Congress and the Obama administration to do something to speed up the sluggish recovery.

This is really really good news.  It should not be up to the Federal Reserve to print yet more money, because it doesn’t fix anything.

Just like how QE1 and QE2 didn’t fix anything either; they just delayed the hard work necessary to get the deficit under control and get the economy back on it’s feet.

With just a 1% growth rate now anticipated for the rest of the year, it’s a critical moment for our country’s leadership.

Now is their moment to have the courage to do what it will take, regardless of consequences to their re-election possibilities.