Abraham lincoln in exasperation once remarked about Civil War General George B. McClellan, "He's got the slows." The general was a brilliant army organizer, but when it came to fighting battles, he froze up, always grossly exaggerating the enemy before him. Fed Chairman Ben Bernanke has the same problem. Last November he promised that the Fed would buy $500 billion in mortgage-backed securities. Four months later he still hadn't fulfilled that pledge. In January he made encouraging comments about an active Fed approach to stemming the credit crisis. Little happened. And now the Fed, in a blare of headlines, has promised to purchase more than $1 trillion in bonds and mortgage-backed securities tornget the credit system working again. However, Bernanke, mirroring McClellan, shows no inclination to aggressively push liquidity into our crippled credit markets. In fact, since December the Fed has removed nearly $400 billion from the financial markets. Instead of attacking, General Bernanke has been retreating.
展开▼
机译：亚伯拉罕·林肯（Abraham lincoln）激怒了内战将军乔治·麦克莱伦（George B. McClellan），他说：“他步伐缓慢。”这位将军是一个出色的军队组织者，但在打仗时，他僵住了，总是严重夸大面前的敌人。美联储主席本·伯南克也有同样的问题。去年11月，他承诺美联储将购买5000亿美元的抵押贷款支持证券。四个月后，他仍然没有兑现这一承诺。一月份，他对美联储采取积极措施遏制信贷危机发表了令人鼓舞的评论。很少发生。现在，美联储在头条新闻中已承诺购买超过1万亿美元的债券和抵押支持证券，从而使信贷体系再次运转。然而，与麦克莱伦（Mc克莱llan）相似的伯南克（Bernanke）没有表现出积极将流动性推入残破的信贷市场的意愿。实际上，自12月以来，美联储已从金融市场撤走了近4,000亿美元。伯南克将军没有发动进攻，而是撤退了。
展开▼
