Will Ben Bernanke's Warning go Unheard....
Federal Reserve Chairman Ben Bernanke issued a warning to Congress yesterday – though they probably didn’t hear it since Speaker of the House John Boehner told everyone to go on vacation this week. Speaking in Cleveland – Bernanke said, regarding the nation’s unemployment situation, “This is unheard of. This has never happened in the post-war period in the United States…The unemployment situation we have, the job situation, is really a national crisis."
He then implored Congress to get to work to do something about it. Since President Obama passed his stimulus package in 2009 – Republicans have blocked every single effort to stimulate the economy – every single one. And today – the President’s American Jobs Act that could create millions of jobs is just sitting in on Boehner's and Cantor's desks waiting for action. Republicans have put going on vacations – launching investigations into Planned Parenthood – and attacking the EPA – all above creating jobs on their priority list.
They don’t care that the nation is suffering. Just like our sociopathic banksters – Republicans are dreaming of a Great Depression – just so they can beat President Obama in 2012.