Or perhaps it's not the media that is fascinated with this word, "Unexpected," perhaps its actually the press secretaries for our Federal Reserve chairman, i.e. Ben Bernanke, who today revealed that he doesn't understand why the economy is deteriorating.
How can he not understand it? Or is this the guy who couldn't even figure out how to do Quickbooks? No wonder he can't understand anything more complex than that.
RUSH: Ben Bernanke, chairman of the Federal Reserve, says he doesn't know why the economy is limping along. From an equally stumped Associated Press, headline: "Economic Trouble Puzzles Fed Chief, Too." What economic trouble? I thought we were in a recovery. AP keeps telling us that. By the way, I thought Obama kept telling us we're in a recovery. What is this sabotaging the economy business? See, we heard that, too. We hear Obama say we're in a recovery. We read the media report that Obama says that we are in a recovery. What is this economic sabotage, then, that's going on?
"The economy's continuing struggles aren't just confounding ordinary Americans. They've also stumped the head of the Federal Reserve. Fed Chairman Ben Bernanke told reporters Wednesday that the central bank had been caught off guard by recent signs of deterioration in the economy. And he said the troubles could continue into next year." Oh, no. We were supposed to be on our way to creating 500,000 new jobs every month by now, according to Vice President Bite Me. So, in other words, Bernanke is saying that it is the economy holding the economy back. It's what he said here. "We don't have a precise read on why this slower pace of growth is persisting," but it's gonna be "more persistent than we thought." So the economy is screwing up the economy. That's, I guess, the answer.
"It was the Fed chief's most explicit warning yet that the economy will face serious challenges next year. For several months, he had said the factors working against economic growth appeared to be 'transitory.'" Well, if you take a long enough view, everything's transitory. Temporary, transitory. Now, here's the guy that's got all the answers. Here's the guy that spent $2 trillion. We still don't know who got it all. Two trillion dollars to rebirth the US economy. He has no clue why it hasn't worked. Doesn't have the slightest idea, folks, when it will start working. That was AP.
Forbes is equally befuddled: "In his second post-FOMC press conference, Fed Chairman Ben Bernanke touched on every topic, admitting that the recovery was weaker than expected and that beyond temporary factors like supply chain disruptions in Japan and high energy prices." So it's not the Japanese earthquake. Obama's not gonna like that. The regime's been focused on that as a excuse. So it's not Japanese earthquake. It's not gasoline prices. Something else is going on to sabotage the economy, and Ben Bernanke says he doesn't know what it is. He says we're in a soft patch; he doesn't know what's causing it. No weather to blame. No natural disasters. No way to look in a mirror to see the problem. How about Obamacare, Mr. Bernanke, think it might have anything to do with that? What this is, Bernanke is saying he's a failure, too.
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