An article headed “Bernanke Had to ‘Hold My Nose’ Over Bailouts” reports that Federal Reserve Chairman Ben Bernanke responded to questions from members of an audience as follows:
“I was not going to be the Federal Reserve chairman who presided over the second Great Depression…I had to hold my nose. … I’m as disgusted as you are. … I absolutely understand your frustration.”
It continues: “Asked about President Obama’s $787 billion stimulus package of tax cuts and increased government spending, Bernanke said most of the money will flow in 2010 so ‘it might be a little bit early’ to judge its effectiveness.”
WATCHDOG: A wag of the tail.
A wag of the tail to the Associated Press? What does this have to do with NewsLanc’s mission? No one cares what national news stories the newslanc editors happened to enjoy.