I can’t contain myself any longer. Do people really expect Ben Bernanke, the Chairman of the Federal Reserve, and George Bush to come to the rescue of the failing U.S. economy? Are they nuts?

Ben’s predecessor, Alan Greenspan, and George are the cause of the problem. In the past, at any sign of trouble, they lowered rates and turned on the liquidity tap. Alan and George don’t like economic adversity. They never want to see the economy slow down such that the excesses can be worked out. They are a one trick pony. (In fairness to Ben, this isn’t a problem of his making and he’s in a box)

So what are these “perpetual bubble blowers” going to do about the current crisis? What they always do of course.

All I can say to them is DON’T DO IT. You’ve done enough. Stop playing politics. Let the economy work itself out. It’s going to be painful, but no more painful than it will be later if you blow another bubble.

Ben, George, how about a nice winter holiday? Perhaps some skiing or a nice beach somewhere. Don’t rush back.