U.S. Federal Reserve Chairman Ben Bernanke renewed his promise on Thursday that the central bank could put more monetary stimulus into play if the economic recovery stumbles. While at the same time giving Ron Paul and those that oppose such measures “The Finger”.
On the second day of delivering the Fed’s semiannual monetary policy report to Congress, Bernanke is also expected to repeat his warning that a U.S. debt default would be devastating for the U.S. and the global economy and then promptly gave “The Finger” to the US Taxpayer.
However, not to be outdone both Moody’s and Standard & Poors, the ratings agencies that failed to warn anyone about the toxic crap they foisted on the world at large, did warn that the U.S. could lose its top credit rating in coming weeks if a standoff between the White House and congressional Republicans over raising the debt ceiling is not resolved. In other words, they just gave “The Finger” to the Administration.
It is certainly a bold and unprecedented move by one of the most watched people on the planet right now. However, as you can tell by the look on his face, he is just about as fed up with people questioning his intelligence as Obama is over not getting his way with the budget.
At any moment the entire government is on the verge of just giving the taxpayers the “The Finger” as well. Stay tuned.