Republican Amateurs Bully The Professionals

Earlier this week the GOP leadership wrote a letter to Ben Bernanke, Chairman of the Federal Reserve Bank, urging him not to do anything to help stimulate our floundering economy. We all know that the Republicans are doing everything that they possibly can do stall all efforts to create jobs and jump start the economy in order to score points against President Obama in the 2012 elections. They haven’t passed a single job creation bill since winning control of the House of Representative in 2010 and they opposed the Recovery Act in 2008, having preferred instead to lavish money on the large banks and continue tax breaks for large corporations and the richest one to two percent of Americans.

Let’s all remember that it was the Republicans who drove our economy into the ground, allowing the Bush-Cheney administration to practically double the national debt, turning a budget surplus into a deficit and tanking economies across the World. With a track record like that, who would listen to anything they said anyway? It wouldn’t be too bad if any one of them had an inkling of how our and other countries’ economies work. Let’s look at the qualifications of the people directly involved in this latest attempted act of sabotage and how their qualifications stack up against the Chairman’s.

The GOP badly wants to take control of the Federal Reserve so that they can print their own money to give to the large corporations to build facilities and stimulate job growth overseas and to the richest Americans to invest Dollars that should be in the Treasury’s coffers in those schemes. It’s ironic that they should implicitly threaten the Chairman of the Federal Bank with political action when the quantitative easing (money printing) moves that he has made so far have been widely (and perhaps surprisingly) judged to have had a positive effect. Gentlemen, please go back to school to learn something about economics and while you’re there, stop bullying the middle class.