We the Sheeple
Do not go any further until you review this video on YouTube:
You have just witnessed Mr. Bernanke talking economics. Seriously. The tape don't lie.
Now go to this link and pay close attention to what Mr. Bernanke says at the 1:24 mark of the interview:
Mr. Bernanke says that 'the American public doesn't want Congress setting monetary policy. Now read the Constitution. Under Article I, Section 8, it clearly spells out the responsibility of coining money and setting its value to be that of Congress and Congress only. However, Mr. Bernanke and I agree on one thing. I don't want Congress setting the policy on anything. Everything they have ever done has been to the detriment of the average US citizen. Incompetence has never climbed a higher mountain. I would prefer they leave all of us alone and ditto for Mr. B.
Hey, did you see the US pay Czar has cut the pay for leaders of financial institutions that still owe TARP money? Great. Now if they would cut the pay for all the other people that were involved and complicit in the financial sewer that now runs down every street in the world. How about cutting the pay of Barney Frank, Chris Dodd, and even Bernanke himself? Why don't they also share the responsibility? And now, Dodd and Frank are still at it crafting regulations that will surely be circumvented by the elite while the same players turn their heads in deference. Yeah, this is 'recovery'.
Maybe we need a new Constitution. Since we continue to be led by the incompetent, maybe it should start with 'We the Sheeple'.