If it became clear that these problems were not going to be adequately addressed because we were just in a perpetual gridlock, I think that would raise significant concerns and would risk bringing these problems forward into the present.
Bernanke warns about political gridlock affecting economic stability.
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I have--you know, it is easy to criticize, but the politics is very difficult.
All we can try to do is try to smooth out periods where the economy is depressed because of lack of demand.
The sizes of deficits and debt matter, of course, but not all tax and spending programs are created equal with respect to their effects on the economy.
I think everything in the bill is basically fine except for getting rid of this exemption for monetary policy deliberations and operations.
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