While the Fed chief said any stimulus should be "well targeted," even a general endorsement amounts to a political green light. Bernanke knows that Obama and Democrats are talking about some $300 billion in new "stimulus" spending, while Bush and Republicans are resisting. By saying any help should "limit longer-term effects" on the federal deficit, he had to know he was reinforcing Democratic opposition to permanent tax cuts.

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While the Fed chief said any stimulus should be "well targeted," even a general endorsement amounts to a political green light. Bernanke knows that Obama and Democrats are talking about some $300 billion in new "stimulus" spending, while Bush and Republicans are resisting. By saying any help should "limit longer-term effects" on the federal deficit, he had to know he was reinforcing Democratic opposition to permanent tax cuts.

Authors Website: http://sheilastuff.blogspot.com

Authors Bio:

Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.