Rush Blames Bernanke's Recession Comment for Market Plunge

Thursday, 22 Sep 2011 02:08 PM

By Amy Woods

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Rush Limbaugh blames Federal Reserve Chairman Ben Bernanke for causing the stock market plunge today. Bernanke’s statement Wednesday that the country is headed for another recession caused the implosion, Limbaugh said on his radio show.

“There is a reason that Federal Reserve chairmen usually don’t do press conferences,” Limbaugh said.

Bernanke delivered an awful assessment of the economy, both domestic and foreign, on Wednesday. The central bank’s identifying significant risks to all financial markets followed his statement.

“It’s not what Bernanke did yesterday,” Limbaugh said. “It’s what he said. We’re headed for a recession, another recession. That’s why the market’s down.”

The conservative talk-show host also questioned the failed House vote to extend government funding and replenish disaster relief coffers. The bill went down on a 230-195 vote, primarily because of Democrats and tea party members.

“What kind of saps are we?” Limbaugh said, calling the $3.65 billion spending bill “another one of those continuing resolutions.”

“This is all happening because the Democrats and Obama have not submitted a budget,” he said. “We were told Obama brought us back from the brink, right? The guy that brought us out of a recession has now got us another one.”

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