10/14/2005

Daily Kos: The Federal Reserve Is In Deep Trouble

Within the next three months, Alan Greenspan will retire... Hurray!!! Except that this the worst moment for the Fed to get a Bush crony ahead of it... We might miss the partisan hack gnome dearly!! -- law

The Federal Reserve Is In Deep Trouble
by bonddad
Fri Oct 14, 2005 at 05:12:43 PM CDT

Within the next three months, Alan Greenspan will retire...

The reality is the US economy is entering a very difficult period. We are facing a second asset bubble bursting, energy inflation, a federal deficit out of control, another year with a record trade imbalance, global competition driving down US wages, extreme income stratification and a lack of any meaningful economic development to create 21st century jobs. One of these tasks alone would be difficult; together they almost seem insurmountable. To deal with them, we need leadership - strong-willed leadership.

Daily Kos: The Federal Reserve Is In Deep Trouble

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