Bernanke: Stupid or evil?
Economic trouble puzzles Fed chief, too
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.
"We don't have a precise read on why this slower pace of growth is persisting," Bernanke said. He said the weak housing market and problems in the banking system might be "more persistent than we thought."
Evil. Permanently high DISemployment is a policy fully supported by all factions in Versailles.
NOTE Lord Eschaton agrees.