The head of the Fed tells 60 Minutes that unemployment ‘just isn’t going down’ and that it could be 4 to 5 years before it returns to normal and all the jobs we lost return.
Seems that this would be a perfect time for a follow-up asking why jobs aren’t returning, don’t you think? Oh never mind. I forgot it was Boooooooooooosh!
Rush just mentioned this on-air and says that Bernanke is basically saying that unemployment won’t go back to normal until we get Obama out of office.
Enjoy!
UPDATE: Cubachi’s got the whole interview with Bernanke, but specifically him saying in the same interview in reference to Quantitative Easing: “This fear of inflation, I think is way overstated”.
Quick someone tell Beck so he can quit scaring us! /sarc