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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (477793)	3/21/2012 9:23:12 AM
From: skinowski	1 Recommendation Respond to of 793964

Bernanke talks about having a "flexible" policy, but at this level of borrowing he is pretty much out of choices. Does anyone believe that if the Fed would decide to raise rates, they could do it? I think Tim Geithner would catch up with Ben and personally tear his beard out. Uncle Sam is locked into paying out more than he can afford, and the Fed has no choice but to create money and serve as an enabler. The government and the Fed both are slaves, caught in a trap of their own creation. When Bernanke talks about having a "flexible policy" he is being disingenuous. Our current predicament is proof that allowing bureaucrats and politicians set rates and mess with the economy eventually leads to trouble. Sooner or later they will get caught up in some self serving dumb a$$ idea or model, and will follow it to the bitter end.