Washington Post (October 2)
“Americans’ respect for their Congress has, sad to say, diminished in recent years. But citizens still expect a minimal level of competence and responsibility: Pay the bills and try not to embarrass us in front of the world. By those minimal standards, this Congress is failing. More specifically, the Republican leaders of the House of Representatives are failing. They should fulfill their basic duties to the American people or make way for legislators who will.”
Tags: Citizens, Competence, Congress, Duties, House of Representatives, Legislators, Republicans, Respect, Responsibility, Standards
Washington Post (September 19)
The massive economic power of the Federal Reserve again moved markets this week. “This much Fed power is not in the long-term interest of the U.S. economy, nor that of the world. We say this not because the Fed’s policies under Mr. Bernanke have been wrong. To the contrary, taking interest rates to zero was aggressive but appropriate in the face of an epic recession…. Yet the Fed’s huge role represents more responsibility for the economy than a single technocratic institution — or any one fallible, unelected official, even a dedicated, talented one such as Mr. Bernanke — should bear for too long.”
Tags: Aggressive, Ben Bernanke, Bernanke, Economy, Federal Reserve, Institution, Interest rates, Power, Recession, Responsibility, U.S.
