Friday, June 16, 2006

Bernanke and The Fed

It appears that our economy is slowly crawling out of the hole that we have been digging for ourselves over the past 5 years... Although we have not taken any real steps toward easing the tension of our fuel economy, I have high hopes that in the next six months some progress will be made within that area of our economy. Speaking of economy and government it appears Bernanke is wanting to raise interest rates, which I don't see as a bad thing, but could have some detrimental effects on heavy debtors and the lower-middle class.

Overall I think Bernanke is doing, a tremendous job! I don't blame him for anything that is wrong with economy at the moment as he came in at a crucial time, afterall we're fighting a war with record defecit, we are slowly pulling out of a recession and government revenue is on the decline as they continue to throw money at every problem they ever face! Although I'm more of a classical liberal in terms of economics *cough Libertarian* I can't help but feel empathy for those stuck in this tidal wave of politics. with everything now being politicized are the head hogs in Washington even doing anything to benefit the common man?

Hopefully Bernanke and the others in Washington pull their heads out of the sand and do something about Congress's reckless spending, and the Fed's inability to properly balance the economy. I'd hate to think of the effects if we continue down this road of decadence

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