Where was the Fed last year? Same place Obama was this year–with their hands in their pockets doing nothing.
The American people overwhelmingly voted last year for a change in our national priorities to put the interests of ordinary people ahead of the greed of Wall Street and the wealthy few. What the American people did not bargain for was another four years for one of the key architects of the Bush economy.
Fed Chairman Ben Bernanke, in charge of the central bank since 2006, could have demanded that Wall Street provide adequate credit to small and medium-sized businesses to create decent-paying jobs in a productive economy, but he did not.
He did not because like Tim Geithner and like most of the Obama Administration Bernanke represents the rich–not ordinary Americans like most of us.



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