redblueamerica.com

The time has come to drown inflation in a bathtub.

The way to do this is to stop talking about a strong dollar policy and start enacting one. Considering leadership in Washington on this matter is a fool's errand, the Federal Reserve and "Gentle Ben" need to grow a pair and hold the line on interest rates.

It won't be easy.  The hyenas on Wall street are howling for still more liquidity to hedge this so-called recession, knowing full well that inflation will hurt margins just as hard as a normal economic slowdown.  Sub-prime concerns have now become the economic synonym of global warming---just scream "sub-prime", and hold out your hand.  The government, especially in an election year, comes running to the rescue all at the expense of the Greenback.

The economic stimulus package was bad enough, but the current housing bill working its way through congress is the epitome of fiscal irresponsibility.  The $400 billion price tag associated with the bill will send the dollar to new lows, thus raising the price of gasoline and commodities to new highs and hurting the very homeowners its intended to help.  If this is a preview of how the government will run universal health care, I'll go ahead and suck the gaspipe now!

I'll admit I still carry the torch for the good old days of  "The Contract With America."  While it's a political impossibility to return those responsible days of governing, I still expect the government not to compel me to carry the money I need for a loaf of bread in a wheelbarrow.  This is the United States, not the Weimar Republic.