Thursday, June 26, 2008

Dump the bathroom attendant Ben Bernanke

Today [26 June 2008], oil hit a high of us$140 a barrel, and the Dow Jones Average sank almost 360 pints. [This is simply a hastening weakness of the market which will dip further, and soon below the benchmark 10.000 mark!] Yesterday pronouncement by bathroom attendant and head of the US Federal Reserve that the prime interest rate would neither fall nor rise did little for the market. That was old news; everyone knew it for weeks on end. Bernanke and the anal hair stylist supremo and US secretary of the Treasury Hank Paulson haven't a klew as to how to deal with the US economic crisis. Pundits cheer them on now that they say the primary concern is inflation. Well, what is fueling inflation and how does the politics of a weak dollar affect it? You won't hear nary a word about that. Bernanke is useless and Paulson is a boob. The man or woman on the street knows that the US is in a bad recession but not these fools and the groupies surrounding them who live in the comfort of wealth and privilege. You cannot count on Herr Bush, and that ain't saying a lot since he has as thicker head as it comes to economics save those measures which enrich him and his cronies and his bloodsucking class. What about the cancer of the subprime Ponzi scheme meltdown? speculation in commodities? heavy tax burdens without much relief on the middle classes? These creeps and their likes believe in a market which benefit solely them, and in consequent the system is showing serious signs of sclerosis and signs of shutting down. Throw the bums out. Isn't there an honest establishment economist who is worthy of his beans to replace these two arseholes?

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