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  3. As John Steele Gordon points out, Ben Bernanke’s latest attempt to bail out a failing economy by manipulating interest rates isn

As John Steele Gordon points out, Ben Bernanke’s latest attempt to bail out a failing economy by manipulating interest rates isn

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问题     As John Steele Gordon points out, Ben Bernanke’s latest attempt to bail out a failing economy by manipulating interest rates isn’t likely to be met with any more success than his first two tries. Some Democrats may think the Federal Reserve’s decision to print more money will inflate the economy enough to get President Obama re-elected. The assumption is that it will cause a rise in the stock market that will be interpreted as a sign that the recovery has finally succeeded. However, the result of another dose of inflationary economics, compounded by growing debt, unemployment and less than 2 percent growth may be another recession that will come on the heels of the current anemic recovery.
    The constant refrain coming from the administration and its defenders has been that a change of course away from the President’s reliance on trying to spend our way out of the economic ditch would be a return to the failed Republican policies of the past that created the problem in the first place. But as James Pethokoukis writes at the American Enterprise Institute blog, it is cheap money and too much debt that caused the so-called Great Recession that the president inherits. That recession ended in the summer of 2009. It was followed by a recovery for which the President once took credit. But the feeble nature of that revival is something he still blames on his predecessor. Thanks to the continuation of the spending and debt binge that took place over the last four years, the country may soon be faced with another Great Recession no matter who wins in November. But it is not likely that most Americans will be willing to blame that one on George W. Bush.
    Bernanke’s third chorus of interest rate cuts is a last-ditch attempt to save Obama’s recovery. But we may look back on it next year as the moment when the next Great Recession became inevitable. In the long run, only a program that aims to reform our out-of-control spending, tax cuts to fuel real economic growth and to create wealth, and sound money policies from the Fed will create a genuine recovery.
    But a steady diet of more spending, debt and cheap money has set the stage for a transition from a weak recovery to another collapse. Indeed, the bad employment numbers show that the recovery never reached some sectors of the economy or the army of unemployed Americans.
    President Obama is hoping Bernanke’s latest stunt will give him the boost he needs to stay ahead of Mitt Romney in the final weeks of the campaign. But the long-term impact of the Fed chairman’s QE3 may merely pave the path for a poor economy that will make a second term a misery for both Obama and the American people.
Which of the following can cure the Great Recession and create a genuine recovery?
选项 A、Tax cuts, sound spending plan and money policies.
B、Our out-of-control spending.
C、Economic growth and wealth.
D、Policies from the Fed.
答案A
解析 事实细节题。根据题干关键词a genuine recovery定位至第三段第三句。由该句可知，从长远来看，只有旨在改革失控的支出计划、削减税收以及来自美联储的稳健的货币政策才能实现真正意义上的复苏。因此选[A]。其他几个选项都是断章取义：要改革失控的支出计划，而不是失控的支出计划本身可以解决经济衰退，故排除[B]；削减税收的目的是刺激经济增长和创造财富，故排除[C]；[D]的表述不完整，应该是美联储的稳健的货币政策。
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