http://www.huffingtonpost.com/2013/11/14/janet-yellen-congress_n_4275572.html
Yellen reminded lawmakers of their sheer terribleness during a Senate Banking Committee hearing on Thursday about her nomination to replace Bernanke as chair of the Federal Reserve when his term ends in January. Republican senators moaned and groaned, as usual, about the Fed's extreme easy-money policies. Yellen reminded everybody that Congress has forced the Fed to act by constantly imposing harsh austerity measures on an economy still recovering from a financial crisis and deep recession.
"Fiscal policy has been working at cross purposes to monetary policy," Yellen said. "Some of the near-term reductions in spending that we have seen have certainly detracted from the momentum of the economy and from demand, making it harder for the Fed to get the economy moving, making our task more difficult."We are worried about a fragile recovery, and a more supportive fiscal policy, or one that at least had less drag, that did no harm, would make life easier," she added later.Yellen was referring to the austerity that has come out of a rolling series of debt crises instigated by Republicans in the past few years, including the deep budget cuts known as sequestration and this year's payroll-tax increase.Under pressure from Republicans, the federal government has cut spending at the fastest pace since the end of the Vietnam War. Government investment has tumbled to its lowest level as a percentage of GDP since 1948.
we need 1,000 more like her somebody on the left needs to call them out on something they've done in the last 5 years to road block Americans from advancing, lay in the laps of the republicans everyday, just like they do exception we don't need to invent lies they do that for us.
we just need to remind "we the people" since they've been concentrated on by the republicans;. G W Bush, "you can fool some of the people all of the time and those are the ones you want to concentrate on" it works look at the Pres. numbers that's because of the fickled gullible electorate they are blaming him for others dastardly deeds
This belt-tightening has probably cost the economy nearly 2.5 million jobs, according to a recent study by the Center For American Progress, a liberal think tank -- one huge reason this has been the slowest job-market recovery since World War II. Economists on the right and left agree austerity has hurt economic growth, employment and consumer spending, with executives from Walmart and Ciscoamong the most recent capitalists to complain about it.
The sluggish recovery is also making income inequality worse, Yellen pointed out, depriving poor and middle-class Americans of more and better job opportunities."This is an extremely difficult and to my mind very worrisome problem," Yellen said of inequality.
while some are pointing fingers at Pres. the republicans continue on their path of destruction and obstruction, the Pres. any Pres. cannot do it alone we have known for5 years that they said they want him to fail and they will do nothing that might make him look good at your expense,
not forgivable to deliberately tear down you and your life just to get to a Black guy who has with your help defeated them more than twice with the bills he's passed on his own, and we repay him with distrust.
if it weren't for the innocents i'd wish the republican party on those who support it and wish i could be a fly on any number of walls.
