At a time when even Fed Chairman Ben Bernanke predicts that unemployment will cross 10 percent (he has consistently underestimated the severity of the downturn) does it make sense for him to be warning the public that: "you get much better results," when the Fed operates without congressional oversight? The Fed's failed monetary policy brought on the worst downturn since the Great Depression. It would be reasonable for the media to be pointing out the irony in Bernanke's warning. This is a bit like the old GM warning of bad results if its management was not left alone.
--Dean Baker
