Sunday, August 14, 2011
The Bitch-Slap Everyone Missed
By Nicholas Contompasis
The Fed's decision on interest rates this week meant America would wallow in this depression for at least two more years. Thus, Obama's economic policy is a failure. The announcement illustrated the Fed's frustration with the President. It was the boldest step taken by any Fed chief against a sitting President I've ever seen.
I see a historic cataclysmic indifference developing between these two powers that could be the making of someone stepping down.
I wonder what Obama will do with all his free time, play golf?