And he's the one to do it as evidenced by the rousing "success" in his first 2.5 years!
After telling us it wasn't coming, when we could already see it on Main Street, Bernanke warns of "transitory" inflation (up from 2.1% to 2.8%) and lower than expected growth (3.1-3.3% from 3.4-3.9%).
The lower 3.1% growth isn't enough to get people back to work yet somehow he expects unemployment to be a half point lower than forecast in January when he was predicting MORE growth and LESS inflation. I've only read press accounts so this part puzzles me.
On the upside, asked about oil prices, Bernanke said the Fed doesn't have the power to increase oil supply. That tells us that he believes increased supply will help. Who has the power the increase (or even threaten) to increase supply? Obama.
Obama won't do it. He'll lie to our faces about drilling, permits, moratoriums, regulatory impediments. "Just make stuff up" as he famously accused Wednesday.
He feels inauthentic, incapable of "feeling our pain" like Clinton or having "compassion" like W. The pain of high gas prices works for him. Not only is it an opportunity to further the "Big Green" agenda of his allies but, at its core, a once free people becomes more malleable when beaten down by hard times.
He mocks, scolds then rushes off to golf, to a celebrity gig, holiday or fundraise because he doesn't have time for "distractions." Fellow travelers and an awed "free press" herd the unaware to the cliffside and drag us over with them.
I’d trust Trump a hundred times more than Obama. He’s been there, done that.