President Obama and Fed chairman Ben Bernanke
Federal Reserve Chairman Ben Bernanke said the Fed is doing another stimulus plan because of concern about unemployment, but some Republicans see a different motive.
Sen. John Cornyn, R-Texas, said Bernanke is "trying to juice the economy" before the Nov. 6 election, and it "looks to be political," notes the website This Week.
At the website Conservative HQ, George Rasley called the Fed a "taxpayer-funded super PAC that has so-far pumped something like $2 trillion into the economy to help re-elect President Obama."
Bernanke -- initially a George W. Bush appointee, it should be noted -- said his concern is joblessness, as the Fed announced it would buy $40 billion a month in mortgage-backed securities until the labor outlook improves.
"We're just trying to get the economy moving in the right direction, so we don't stagnate at high levels of unemployment," Bernanke said at a news conference last week.
Other conservatives say Bernanke is actually doing a favor to Obama's Republican challenger, Mitt Romney, and he should emphasize the Fed's concerns about jobs.
"This is still a close presidential race and winnable for the Republicans," writes James Pethokoukis of the American Enterprise Institute. "But they need to seize opportunities like this one when they come along. Time is running out."