Stuck in quagmire, Fed likely won't raise rates

Reminiscent of the late 1970s.

Not really there isn't any more money they can spend.

We are not experiencing a general inflation; we are suffering inflation due to a single, identifiable source: THE COST OF OIL.

How could the Federal Reserve possibly bring down the cost of oil, by increasing interest rates??

Rate raises would only exacerbate our problems.
They would kick out the skids, and never affect inflation.

Inflation will be controlled by legislation to regulate the petroleum industry, nothing less.

The ‘black gold’ of the American people estimated at 100 billion barrels in off shore oil drilling alone.
This means that Obama and Pelosi are stealing $15,000 from each and every one of the 300 million American by preventing them from drilling the US ‘blessings’ of oil, natural gas, coal, oil shale and tar and use it for the wealth of American people that own it.
Will you as American in a family of 4 people on the average will allow liberal socialist ‘grandma’ Pelosi to steal from you $60,000 in the black gold that belongs to you…?
Obama promised ‘a dream’ about developing ‘new kind’ of futuristic cars that will use new kind of futuristic fuel that will probably never be invented.
Evidently, these futuristic fuel and cars were never invented yet during the recent 120 years of using gasoline, diesel and jet fuel that brought humanity to such great achievements in aviation, space and transportation.
Clearly, as radical liberal Marxist Obama wants to destroy the American dream and make America a third world country of the poor.
It is time for the American people to claim back their country that was blessed with abundant oil, oil shale, coal, natural gas, tar that can be converted to American made low cost gasoline at less than $2/gallon for hundreds years to come.
It is time to claim America back from the liberal socialistic tyrants Pelosi and Reid that use KGB means of darkness to shutoff the lights and microphones on the Capitol Hill.
It is a story of self-destruction of American economy and national security by the liberal socialists that use the Stalinist-KGB lies about the danger of using American oil and demand the dependency on the oil of the worst enemies of US which is “OK”.

Mathematical correction: The ‘black gold’ of the American people estimated at 100 billion barrels in off shore oil drilling alone.
This means that Obama and Pelosi are stealing $50,000 from each and every one of the 300 million American by preventing them from drilling the US ‘blessings’ of oil, natural gas, coal, oil shale and tar and use it for the wealth of American people that own it.
Will you as American in a family of 4 people on the average will allow liberal socialist ‘grandma’ Pelosi to steal from you $200,000 in the black gold that belongs to you…?

Jones wrote:

Mathematical correction: The ‘black gold’ of the American people estimated at 100 billion barrels in off shore oil drilling alone.
This means that Obama and Pelosi are stealing $50,000 from each and every one of the 300 million American by preventing them from drilling the US ‘blessings’ of oil, natural gas, coal, oil shale and tar and use it for the wealth of American people that own it.
Will you as American in a family of 4 people on the average will allow liberal socialist ‘grandma’ Pelosi to steal from you $200,000 in the black gold that belongs to you…?

Please figure up what Kerry and Hastert cost us for the first six years of the Bush Administration - it would make about as much sense and this constant nonsenisical drivel from you. One Obama is a Senator not a President - he is about to be nominated as a candidate for President. Follow that? Too fast for you? Every topic you invade with this constant bullshit of yours ends up stinking to high heaven. If you have a point to make - make it. Otherwise take your medication and stop being so damned retarded. Now have a nice day and go take your nap.

wyojake wrote:

Not really there isn't any more money they can spend.

This hasn't impeded Bush administration spending in the past.

Lance Winslow wrote:

<quoted text>This hasn't impeded Bush administration spending in the past.

Very true they will just make more worth less and that we are just having another economic slowdown.

the early predictor of subprime mess new york university professor NOURIEL ROUBINI tells BARRON'S that 100's of banks will fail in 18 month recession. HECKUVA JOB BUSHIE!

how can that guy predict raising next spring? demand destruction in oil is helping ease inflation. china i believe still hasn't cut their subsidies for fuel to their consumers. when they do it will go lower. europe and england are not cutting their rates either. so how can this guy predict a raise in rates so far out? august and september adjustable rates kick in. those should be the last of most of the adjustables. more write-offs and losses for banks coming. still don't see them raising in spring.

leo from shanghai wrote:

the early predictor of subprime mess new york university professor NOURIEL ROUBINI tells BARRON'S that 100's of banks will fail in 18 month recession. HECKUVA JOB BUSHIE!

this had everything to do with bank ceo's and their new bank instruments not pres. bush.

Jones wrote:

The ‘black gold’ of the American people estimated at 100 billion barrels in off shore oil drilling alone.
This means that Obama and Pelosi are stealing $15,000 from each and every one of the 300 million American by preventing them from drilling the US ‘blessings’ of oil, natural gas, coal, oil shale and tar and use it for the wealth of American people that own it.
Will you as American in a family of 4 people on the average will allow liberal socialist ‘grandma’ Pelosi to steal from you $60,000 in the black gold that belongs to you…?
Obama promised ‘a dream’ about developing ‘new kind’ of futuristic cars that will use new kind of futuristic fuel that will probably never be invented.
Evidently, these futuristic fuel and cars were never invented yet during the recent 120 years of using gasoline, diesel and jet fuel that brought humanity to such great achievements in aviation, space and transportation.
Clearly, as radical liberal Marxist Obama wants to destroy the American dream and make America a third world country of the poor.
It is time for the American people to claim back their country that was blessed with abundant oil, oil shale, coal, natural gas, tar that can be converted to American made low cost gasoline at less than $2/gallon for hundreds years to come.
It is time to claim America back from the liberal socialistic tyrants Pelosi and Reid that use KGB means of darkness to shutoff the lights and microphones on the Capitol Hill.
It is a story of self-destruction of American economy and national security by the liberal socialists that use the Stalinist-KGB lies about the danger of using American oil and demand the dependency on the oil of the worst enemies of US which is “OK”.

you are right jonesey this is their agenda. their constituants are behind all of this.

john k wrote:

<quoted text>you are right jonesey this is their agenda. their constituants are behind all of this.

Thanks John for that...It is time to defeat in Congress the liberal tree-hugging lunatic hordes of the anti-American Pelosi and George Soros that believe in Al Gore's lies that the end of the world is coming soon...if we drill our US 'black gold'...