Call to all Americans: Show the Fed's who controls the Economy

[pisser]

Since the Fed is brain dead by continuing to raise short term interest rates, Americans can send them a message by curtailing consumer spending now through the holiday season...Since we have to spend more money on energy and credit card interest, etc.

SEND THE MESSAGE!

STOP SPENDING!

SLOW DOWN THE ECONOMY!

OF course, one more devastating hurricane (rita) might just do that anyways!

[theknife]

wish it was that simple....

Bill Clinton, in a recent ABC interview, on who controls our economy:

Now, what Americans need to understand is that that means every single day of the year, our government goes into the market and borrows money from other countries to finance Iraq, Afghanistan, Katrina and our tax cuts. We have never done this before. Never in the history of our republic have we ever financed a conflict, military conflict, by borrowing money from somewhere else....

So what if they just got tired of buying our debt? What if the Japanese got tired of doing it? Japan's economy is beginning to grow again. Suppose they decided they wanted to keep some of their money at home and invest it in Japan, because they're starting to grow?

We depend on Japan, China, the United Kingdom, Saudi Arabia and Korea primarily to basically loan us money every day of the year to cover my tax cut and these conflicts and Katrina.

regardless of whatever one might think of the former prez, this is an accurate statement.

[multi]

Originally Posted by pisser

OF course, one more devastating hurricane (rita) might just do that anyways!

WASHINGTON (Reuters) - Hurricane Rita could have a "substantial impact" on U.S. Gulf Coast refineries, a situation that the nation's already tight gasoline market cannot afford, the head of the U.S. Energy Information Administration said on Wednesday.

Hurricane Rita was packing 150 mph winds as it churned through the Gulf of Mexico, with computer models forecasting landfall south of Houston on Saturday.

"There's a risk that we could have a substantial impact on further refineries," EIA Administrator Guy Caruso told a Senate Commerce Committee hearing on gasoline prices. "We clearly cannot afford any further disruptions in gasoline production and capacity."

Caruso's remarks echoed worries expressed by oil market traders.

Four large refineries in the Gulf Coast region, which together account for about 5 percent of U.S. capacity, remain out of service from Hurricane Katrina last month.

Soon after Katrina hit Louisiana and Mississippi on August 29, the nationwide average retail gasoline price jumped to $3.07 per gallon, nearly tying the inflation-adjusted high of $3.12 set in 1981.

Earlier on Wednesday, the EIA said Rita could threaten up to 18 Texas oil refineries that have a combined capacity of 4 million barrels per day, or nearly one-fourth of the nation's total refining capacity.

"While not all of this capacity would be affected under any scenario, it does point out how much refining capacity is at risk," the EIA said in a weekly oil market report.
More..

not to mention more devestation of the environment...

[Nicobie]

quote "We depend on Japan, China, the United Kingdom, Saudi Arabia and Korea primarily to basically loan us money every day of the year to cover my tax cut and these conflicts and Katrina." quote


This it Clinton talking?

Hahahahahahahahaa

[pisser]

Originally Posted by Nicobie

quote "We depend on Japan, China, the United Kingdom, Saudi Arabia and Korea primarily to basically loan us money every day of the year to cover my tax cut and these conflicts and Katrina." quote


This it Clinton talking?

Hahahahahahahahaa

He could return his 'tax cut'!