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Tuesday, September 20, 2011

Robert Reich (The Republican's Latest Ploy to Keep the Economy Lousy through Election Day)

Robert Reich (The Republican's Latest Ploy to Keep the Economy Lousy through Election Day):

The Republican's Latest Ploy to Keep the Economy Lousy through Election Day

Whatever shred of doubt you may have harbored about the determination of congressional Republicans to keep the economy in the dumps through Election Day should now be gone.

Today, in advance of a key Fed meeting to decide what to do about the continuing awful economy and high unemployment, top Republicans wrote a letter to Fed Chief Ben Bernanke — stating in no uncertain terms the Fed should take no further action to lower long-term interest rates and juice the economy.

“We have serious concerns that further intervention by the Federal Reserve could exacerbate current problems or further harm the U.S. economy,” they wrote.

They didn’t threaten to “treat him pretty ugly,” as Governor Rick Perry told his supporters last month how he’d