Quote of the Day: Bernanke Not On Board the Austerity Train

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OK, maybe Ben Bernanke isn’t willing to do much more to help out our anemic economy, but at least he did say this today:

I don’t think that sharp, immediate cuts in the deficit would create more jobs. I think in the short run that we’re seeing already a certain amount of fiscal drag coming from state and local governments from the withdrawal of previous federal stimulus, so I think in the short run, you know, the fiscal tightening is at best neutral and probably somewhat negative for job creation.

Am I wrong, or is this the bluntest he’s been yet about the idiocy of his fellow Republicans and their austerity agenda?

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