Can't or do not want to understand.

Editor,

Monetary policy alone cannot create jobs. Fiscal policy is the other half of the equation, and just when Washington should be spending on infrastructure repair, green technology, education, health care, and other programs that would put dollars in working people's pockets, the Republicans are on a rampage to "cut spending" (in quotation marks because the only spending they are cutting is the 2% of the federal budget that provides needed services to children, the poor, and the sick).

And "Obama's stimulus" that the Republican's rail against as a total failure (again in quotes because 2/3 of what the Republicans allowed in 2009 was tax cuts for the rich and tax cuts for corporations) was a total failure because they wouldn't allow a real stimulus to be passed.

Yes, there was a shortage of money circulating during the Great Depression, as Mr. Bernanke knows from his scholarly perspective, but there was a dearth of private sector employment then as now, as the Republicans can't seem to or do not want to understand.

Re: "The Intimidated Fed" (4/29/2011)