Bernanke finally implies we are stuck in stagflation….exactly what Doug Kass has been saying since last year.  Our job problems are structural, not stimulus based yet Bernanke says spending cuts are going to hurt jobs, so lets overspend some more apparently.  It seems that Bernanke is going to be forced to do more QE, but it’s unlikely to be called QE due to the negative connotation associated with it now. 

Watch as Larry Kudlow, Ron Paul, Rick Santelli and company debate/discuss.  Of course, another sound and logical rant by Rick Santelli…a voice of reason on CNBC.