At $100 a barrell of oil into the pockets of the crooks who appointed Bernake as Fed chief , the term stag-flation brings a chuckle. Why does Wall Street moan about joblessness and the economy slowing ; not a recession but could be if we ont bilk the American people yet further. If you ever invested wisely in this country it didn't jive with the schemes in the white house.
Why would I publicly denounce Bernanke as a thief? Becuase he lowered the rates to near zero after 9-11 and then raised them enough to stop the economy from growing, only to turn and lower them to an equally bad level, advantageous to speculators, while all the while inflating the lives for ordinary Americans and making the oil compnies incredibly rich. He rips us off from both ends, for fuel and cheapening the dollar.
He was appointed by and of Bush so its no surprise the result. Im voting for John Edwards and let these Republicans go play pin the tail on the donkey at some brokerage house.