Bernanke - Tea Party smackdown.
Ben Bernanke committed a no-no yesterday at the annual central bankers' summit at Jackson Hole, Wy., akin to Barack Obama's dressing down of the Supreme Court's odious decision allowing still more corporate money in politics during his SOTU last year. One oughtn't be so blunt, sayeth the punditocracy the morning after. Well, they can go douse themselves while I savor this Bernanke quote taking the Tea Party-influenced debt-ceiling fiasco makers to the woodshed:
Finally, and perhaps most challenging, the country would be well served by a better process for making fiscal decisions. The negotiations that took place over the summer disrupted financial markets and probably the economy as well, and similar events in the future could, over time, seriously jeopardize the willingness of investors around the world to hold U.S. financial assets or to make direct investments in job-creating U.S. businesses.
Oh, oh, oh, you mean threatening to default for the first time in history is, like - who cares? World humiliation, that's what they said about Iraq. You're a one-note Benny, and I don't care if Bush appointed you, you're Obama's baby now - he reappointed you, and now I see why. How's that "Winning the Future" thing workin' for ya? You wanna run a central bank, try Tanzania. It's second door on the left, then 3,800 miles straight head. Take a life jacket, you balding freedom-hater. And read your constitution, you commie bearded ape. We have the right to free speech and our elected doorknobs can vote any way they please even if it means Hurricane Irene wipes out the Upper East Side and Susan Sarandan hooks up with Charles Koc-
Uh, sorry, Rush was at the keyboard there for a minute. Didn't know he could type.
If you want a hilarious NSFW version of Bernanke's upbraiding, go here.