The Republicans are very limited in their ability to bring about economic recovery. They see themselves forever in Iraq, they don't believe in Human Induced Global Warming and rely on oil as the basis of energy in the USA. When an entire economy that feeds the world's markets is mired in 'old world' values, there can only be failure. There is no innovation, no changing paradymes, no elevating the brain trust that can bring the USA economy out of defeat of its own lost values of invention/cutting edge.
The USA is so mired in Republican rhetoric that even when changes in energy and transportation come out of places like Europe and Japan it is ignored and devalued. When competency returns to DC there will be economic rebirth, but, that change won't occur with more Republican rhetoric.
Laws limiting greenhouse gases will demand a different economy for the USA while returning its reputation to leadership in global markets. No one sees that?
Bernanke, Geithner, Cox to Be Pressed on Details of Bear Buyout (click here)
By Scott Lanman and Craig Torres
April 3 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke and New York Fed President Timothy Geithner will probably be pressed by Congress today for more details on their decision to engineer JPMorgan Chase & Co.'s purchase of Bear Stearns Cos.
The Fed officials will be joined by Christopher Cox, chairman of the Securities and Exchange Commission, the main regulator of Wall Street firms. Bernanke, testifying to the Joint Economic Committee yesterday on the economy, said taxpayers may not lose money in the deal, though he deferred some specific questions to today's hearing....
