So what’s really motivating the G.O.P. attack on the Fed? Mr. Bernanke and his colleagues were clearly caught by surprise, but the budget expert Stan Collender predicted it all. Back in August, he warned Mr. Bernanke that “with Republican policy makers seeing economic hardship as the path to election glory,” they would be “opposed to any actions taken by the Federal Reserve that would make the economy better.” In short, their real fear is not that Fed actions will be harmful, it is that they might succeed.
Hence the axis of depression. No doubt some of Mr. Bernanke’s critics are motivated by sincere intellectual conviction, but the core reason for the attack on the Fed is self-interest, pure and simple. China and Germany want America to stay uncompetitive; Republicans want the economy to stay weak as long as there’s a Democrat in the White House.
And if Mr. Bernanke gives in to their bullying, they may all get their wish.
Job 1 for the Rethugs is to make Obama fail. If your job is destroyed, that's just collateral damage, and TOUGH SHIT! Remember, they voted down unemployment benefits yesterday -- AGAIN!
I wasn't going to post this Carlin clip, but decided I might as well. Cut through the foul language and the truth shines. The topically relevant part starts around the 3 minute mark. BTW - we're SCREWED!
Oh - All you idiots who pulled the lever for Rethugs in this past election - it's YOUR god-damned fault.