Fed: ‘If Jobs Are Meant To Be With Us, They’ll Come Back On Their Own’
WASHINGTON—Following a two-day meeting to discuss the country’s continually disappointing employment numbers, officials from the Federal Reserve announced Friday that if jobs are really meant to be with the American people, they’ll return of their own volition. “Listen, if it’s meant to be, it’ll happen,” said Fed chairman Ben Bernanke, adding that there’s no point in purchasing new mortgage-backed securities or keeping the federal funds rate near zero percent “if both parties don’t want this to work.” “We can’t spend all our time and energy trying to force this. We have to let them do their own thing, and if they don’t come back, then maybe we were just never meant to be together.” Bernanke confirmed that, while he is realistic about the slim chance of jobs ever actually returning, Americans should “always leave the door open” in case things change in the future.
SOURCE: The Onion…
(SATIRE)
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For a minute there I was astounded…..then I saw it was from the Onion….yeah, a giggle is correct.
The Humphrey–Hawkins Full Employment Act mandates steps the Fed takes. The Fed rescued the pirate class with mega-billions it happened to have lying around, and since the Fed is essentially operated by the pirate class the working stiffs are a low priority. This is entirely believable other than what Bernanke would say and actually do. The WaPo is pro-austerity, better to giggle at their Onion comics.