While waiting for markets to open this morning I came across this news from the U.S. Fed. Janet Yellen, one of Obama's oh so progressive Fed appointments, is assuring markets that inflation isn't much of a threat. Though commodity prices are rising and corporate profits are at all time highs, declining wages (and of course this means the lowest paid workers) will keep inflation in check.
Those workers at Walmart and McDonalds sure are wonderful. Not only do they work for next to nothing. But by giving up healthcare and education for their children they will help pay for all the money given to Wall Street billionaires. And now they are going to keep the world safe for expensive oil and middle-east adventurism. Oh, and of course it is their children who do the fighting and dying.
I sure hope that in all their pain, they remember to just say no to drugs. Because we wouldn't want the expense of putting them in jail in these inflationary times.
Tuesday, April 26, 2011
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