Tuesday, November 01, 2005

CBS News | Fed Hikes Interest Rate | November 1, 2005�14:42:08

This is brilliant. Because of inflation concerns, the Fed raises interest rates. Why is inflation a problem? ...because of oil prices. Why are oil prices so high? ...because Bush wouldn't release oil reserves until supplies were so depleted that he had no other choice. Who gets hurt most by high oil prices? ...the poor and middle class, especially rural America. So, how does the Fed intend to fix it? ... by raising interest rates, an action which once again hurts the poor and middle class the most.

Bush
1. Sits quietly after being told that the World Trade Centers had just been attacked.
2. Leads us to war based on false information.
3. Lets oil prices more than double before touching the nation's reserves.
4. Keeps FEMA director on payroll after FEMA's "too little, too late" appearance in New Orleans during Hurricane Katrina.

The list goes on and the citizens of the United States sit on their backsides and watch it happen.

Way to go, America.

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