Monday, March 17, 2008

Assurance from President Bush

Bush gives assurance that the U.S. is "on top" of the financial situation. Wow! Isn't that reassuring as the dollar plummets against the EURO and the price of gold exceeds $1,000. Thank you, President Bush. This is the same type of rhetoric that we heard a year ago about the "sub-prime mortgage" problem. Let's put the blame where it directly belongs. That is squarely on the shoulders of the Federal Reserve System.

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