Monday, July 17, 2006

Bad News Ben

Bloomberg (07.17.06):
"Federal Reserve Chairman Ben S. Bernanke may deliver his fellow Republicans a message they'd rather not hear when he gives Congress his monetary-policy report this week: The economy is slowing and inflation remains a risk. President George W. Bush and his Republican colleagues, trailing in the opinion polls, are counting on the strength of the economy to help them retain control of Congress in the November elections. A slowing economy -- in response to repeated Fed interest-rate increases -- will undercut that campaign theme." Bernanke May Give Republican Lawmakers Bad Election-Year News
"'[The current Administration and the Republicans in Congress are] certainly going to be blamed if the economy slows down,' says Karlyn Bowman, a polling expert at the Republican- leaning American Enterprise Institute in Washington. 'That's something they need to worry about.'"


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