Americans didn't trust the Bush administration to manage the economy. They don't trust the Obama administration to manage the economy. It's time to have a discussion about a different way to manage the economy.
From CBN News:
Federal Reserve Chairman Ben Bernanke warned that the economic recovery "is close to faltering" and the central bank is prepared to take further steps to support it.
"It is clear that overall, the recovery from the crisis has been much less robust than we had hoped," he told Congress Tuesday. "Recent revisions of government data show the recession was even deeper and the recovery even weaker than previous estimated."
Bernanke said poor consumer confidence and a weak job market have hurt the economy.
John Ransom Talks to CBN's NewsWatch:
http://www.cbn.com/cbnnews/Video-Embeds/2011/John-Ransom-4Oct11/?WT.mc_id=EmbedNewsPlayer
CBN Interviews Bill Frezza, a fellow at the Competitive Enterprise Institute:
http://www.cbn.com/cbnnews/finance/2011/October/Bernanke-Spending-Cuts-Could-Impede-Recovery-/
John Ransom | Create Your Badge
Twitter http://twitter.com/#!/bamransom -See more top stories from Townhall Finance. New Homepage, more content. Be the best informed fiscal conservative.