Saturday, December 05, 2009

Tentacular Federal Reserve?

Our own discombobulated Senator Bunning (R-KY) has, perhaps, for once called it. Bunning will soon no longer be a senator, but as a true ball player he swings for the stands.

In a tirade that may be both his epitath and long remembered, Bunning blurted out to Bernanke, "...you put the printing presses into overdrive to fund the government’s spending and hand out cheap money to your masters on Wall Street. In short, you are the definition of a moral hazard. You are repeating the same mistakes as Japan in the 1990’s on a much larger scale while sowing the seeds for the next bubble. The AIG bailout alone is reason enough to send you back to Princeton. I will do everything I can to stop your nomination and drag out this process as long as I can. We must put an end to your and the Fed’s failure and there is no better time than now. Your Fed has become the creature from Jekyll Island."

Ia!

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