Editing Ben Bernanke

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I blanked out yesterday on Ben Bernanke’s congressional testimony because it didn’t seem like anything interesting had happened. Just the usual “ready and able to step in if needed” stuff that he says every time. But today’s New York Times summary has a fine little tidbit that I’m sorry I missed. Republicans, as usual, pounded the table and insisted that Bernanke not so much as consider the possibility of easier monetary policy:

Democrats made no similar effort to convince Mr. Bernanke that he should take additional action. They congratulated the Fed chairman in the manner of people confident that they are speaking with an ally. “I want to thank you for your steadfast commitment to taking action as you deem appropriate,” said Representative Michael E. Capuano, Democrat of Massachusetts. “Thank you for not giving up.”

Representative John Carney, Democrat of Delaware, went one step further. “The Fed is doing everything it can to address the unemployment part of your mandate, is that correct?” he asked Mr. Bernanke.

Mr. Bernanke, momentarily startled, responded that the Fed could do more, and was considering whether it should.

Oh, wait. That’s from Scott Sumner’s blog. However, an editor at the Times apparently couldn’t handle the truth, and that last line now reads:

Mr. Bernanke paused a moment before responding that the Fed “certainly” could do more, and was considering whether it should.

I liked the original better, and I’ll bet it’s more accurate. Bernanke knows perfectly well that he’s doing nowhere near all he could. It must indeed be startling to him that an awful lot of Democrats don’t seem to understand that.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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