NEWSMAX.COM / ASSOCIATED PRESS

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.

Share
Updated: July 27, 2009 — 9:35 am

1 Comment

  1. 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.

Comments are closed.