Tuesday, October 13, 2009

Dangerous Unintended Consequences for Tim Geithner and Ben Bernanke

From Weiss Research. The Dynamic Duo of the money supply are in for some dangerous unintended consequences:


1. Fed Rewarding High-Roller Gamblers While Punishing Prudent U.S. Savers.

2. Treasury Gobbling Up Available Credit, Crowding Out Nearly All U.S. Businesses.

3. Wall St. Traders Reap Gigantic Rewards; Average Workers Face Worst U.S. Job
Market Ever Recorded.

4. The Debt Crisis of 2008 Has Now Been Transformed Into The Dollar Crisis of 2009-2010.


By the sound of things, you'd think Bush still ran the country, but no--this is Obama's mess, and we face much the same things Bush was accused of creating or getting us into. Take #1 and #3 for example: wasn't Bush's party accused of favoring the wealthy over the common man with certain policies, and creating tax loopholes just for the rich? Well, it's not his gig any more!

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