From Thursday night’s Fox News All-Stars.
On Ben Bernanke’s testimony on Capitol Hill:
In a decade and a half we’ve gone from “irrational exuberance” to “unusual uncertainty.” And to translate from Federal Reserv-ese, what was heard on Wall Street was him saying:
I don’t have a clue what’s happening in the markets. I don’t know what our economy is doing, [and] if it’s going to expand — at what rate. But I stand ready to do anything I need to do — although I have no idea what that’s going to be and whether I really have any arrows left in my quiver.
On how the Shirley Sherrod controversy is playing out:
I think the clip we saw of Ms. Sherrod today speaking about endemic racism in a department of this government is the reason that Obama was so ginger in his treating of her. He gave her seven minutes on the phone, but she did not have an invitation to the White House, there wasn’t a beer summit.
The administration is quite wary of her. Look, she obviously was a victim, but that doesn’t make her either a saint or a sage. She has indicated she wants to get back at people that might include the Department of Agriculture and she might be a litigant. I don’t think the president wants her on the world stage with him. …
But her 15 minutes as a political issue I think are on the wane. The administration wants it over with, and I think the brevity of the call is an indication of their wariness.
On whether this was a teachable moment:
I don’t believe in teachable moments. I don’t think anyone in the end really learns.






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