“We’re working along a program that has been applied in various contexts,” he said. “We’re not completely in the dark.” Emphasis added. So Bernanke really is saying he’s in the dark. Just not “completely.” Maybe he has a match to see by. Or one of those little LED lights. Perhaps a glow-stick?
And I thought Bush was bad: In addition to sending Congress his $3.55 trillion budget plan for 2010, Obama proposed more immediate changes that would push spending to $3.94 trillion in the current year. That would result in a record deficit Obama projects will hit $1.75 trillion, reflecting the massive spending being undertaken to battle […]