New York Times (June 12)New York Times (June 12)
Chairman of the Federal Reserve Ben Bernanke stated “growth will recover later in the year as gas prices fall and the effects of the Japanese tsunami fade.” “Too-easy,” the Times says of his answer. “Even if temporary setbacks were to blame, the economy’s inability to take hits without backsliding is a sign of underlying fragility.” Big federal budget cuts should be delayed while measures to stimulate the economy, like job creation and mortgage relief for homeowners, should be undertaken.
Chairman of the Federal Reserve Ben Bernanke stated “growth will recover later in the year as gas prices fall and the effects of the Japanese tsunami fade.” “Too-easy,” the Times says of his answer. “Even if temporary setbacks were to blame, the economy’s inability to take hits without backsliding is a sign of underlying fragility.” Big federal budget cuts should be delayed while measures to stimulate the economy, like job creation and mortgage relief for homeowners, should be undertaken.
