As if we need any more evidence that Obamanomics has failed this country miserably, Federal Reserve chief Ben Bernanke yesterday announced that the nation’s central bank will keep on printing money to try to keep the economy afloat.
The scary thing about the move (known as QE 3, after Quantitative Easing 1 and QE 2) is that people who know Bernanke tell me he harbors no illusions that it will actually result in stronger economic growth anytime soon.
Instead, they say, Bernanke is just trying to stave off economic disaster — a severe recession that many recent economic numbers suggest is a very real possibility — because the economic policy offered by the Obama White House has been such an utter disaster.
Bernanke, of course, is far too judicious to say anything like this publicly.
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