Fed Set to Raise Interest Rates Again

[paparush]

The Federal Reserve is expected to raise US interest rates again Tuesday to quell inflationary pressures in the world's biggest economy, despite evidence of slowing growth.

http://news.yahoo.com/news?tmpl=story&u=/afp/20050501/ts_alt_afp/useconomyrates_050501214251

[sui generis]

1. didn't they just raise them last week or something?

this is hardly even news any more, and that's the way the administration likes it.

[montanacowboy]

2. People are going to start losing their homes

this is the 8th time he has raised rates, and those adjustable mortgages just keep going higher and higher

but of course, that's the plan, bust the back of the middle class, let the banks take back their homes

it's back to the dust bowl folks

[caligirl]

3. I thought he raised them 11 times while Clinton was in. That hurt us then

[montanacowboy]

4. The 8th time under current occupation

of the WH

he nearly destroyed the economy under Clinton when he started raising those rates - there NEVER was a sign of inflation then

This really old shitty POS needs to go and go fast

[caligirl]

5. But remember he has been grooming his own replacement for years,?

[Sub Atomic]

6. But if Greenspan steps down during the * term

who do you think * is going to appoint?

with his history so far, he'll appoint ken 'i don't know nothing about no company finances' lay to replace him.

do you think the fright wingnuts would screech then? probably not.

[caligirl]

10. God, your right,. Mike Milekin for the spot?(Is that name spelled wrong?)

[tritsofme]

11. His term ends early next year

* will appoint his replacement.

[tritsofme]

12. Never any sign of inflation?

Inflation accelerated to about 4% in 2000.

[Massacure]

7. Well the alternative is to allow inflation.

But then the price of goods raises faster than wages. It's a damned if you do, damned if you don't moment.

[flaminbats]

9. why mention stagflation when things are just a little more pricey?

just as with growing gas prices..damned if Carter did something, damned if Bush doesn't. But ain't tax and spend liberals always causing lines at the gas station!!

When will Repukes bring back their proud.."don't blame me, I voted for Bush"? :eyes:

[David Zephyr]

8. Inflation in the U.S. is a result of higher energy costs and Bush's debt.

And so working class Americans must be punished now with higher interest rates to make up for Bush's mess.

[Geek_Girl]

13. Working Class Americans Put the Asshole

in office so I say let them pay!

[ebayfool]

14. A lot of 'Working Class Americans' didn't vote the asshole in, a lot of ..

his supporters are wealthy "assholes"! Don't lump everyone into catagories like that, it's not very Democratic or democratic. We 'working class' dems have to pay this tab along w/the repubs!

:mad: