Up w/Chris Hayes - Is Bernanke trying to elect Mitt Romney?

[girl gone mad]

3. I'm not sure what Chris Hayes thinks Bernanke can do.

His criticisms seem completely ridiculous to me.

We can't fix our unemployment crisis by lowering interest rates. Hayes brings up Japan, but Japan did eventually implement the monetary policies Hayes prescribes, and they were ineffective. Only after proper fiscal policies were enacted did Japan begin to see any results.

Higher rates might be somewhat effective in stimulating demand, but this vicious deleveraging cycle will keep playing out as long as we have too much private sector debt and too little income. I don't understand why liberals/progressive want to encourage more debt as a solution to a debt-bubble induced crisis?