Is this Obama’s Plan? The price of energy is higher, the dollar is down. You got some explaining to do.
With the US dollar in a free fall, inflation at the pump and in the grocery aisle robbing consumers of their buying power and questions about America loosening its vise-like grip on the most powerful economy in the world, the country is expecting some straight talk.
Fed bankers are worried mostly about Wall Street and are out of touch with Main Street. They have been asleep at the wheel during the country’s worst economic crisis in a generation. Today, Ben Bernanke is expected to lift the Fed’s kimono a smidgen to give Americans a peek behind the typically secretive monetary regulator that has taken a justifiable beating over the past two years.
How can anyone possibly think inflation isn’t a concern when gas prices are at $4 a gallon and food prices have risen so sharply? Bernanke isn’t concerned. Perhaps he and Obama should be!