Quote of the Day: The Fed Can’t Save Us From the Fiscal Cliff

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From Ben Bernanke, at a news conference following the Fed’s announcement of more aggressive monetary easing:

Monetary policy has its limits. Only the private and public sectors, working together, can get the U.S. economy fully back on track. In particular, it will be critical that fiscal policymakers come together soon to achieve longer-term fiscal sustainability without adopting policies that could derail the ongoing recovery.

Translation: We’re doing our best. Now for God’s sake, let’s all hope that the nitwits in Congress don’t screw things up.

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BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things they don’t like—which is most things that are true.

No one gets to tell Mother Jones what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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