Tuesday, April 14, 2009

Good economic news? Oy vey!

Posted By on Tue, Apr 14, 2009 at 3:03 PM

Federal Reserve Chairman Ben Bernanke will give a speech on the economy at Morehouse College today.

Bernanke is apparently bored with straight speech-giving. Based on the transcript published on the Wall Street Journal's web site, he's plans on spicing-up today's Morehouse address by delivering it in the form of ma nishtana, the four questions traditionally asked by the youngest child at a Passover seder. No, I'm not making that up.

In his conclusion, Bernanke tries to go upbeat. He will declare he is "fundamentally optimistic" about the U.S. economy and note "[r]ecently we have seen tentative signs that the sharp decline in economic activity may be slowing."

Tentative signs that the sharp decline may be slowing?

It's sad what passes for optimism these days.

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