1989
Well-Known Member
Yes they do not lower or raise interest rates but this administration should have take some responsiblity considering they are responsible for the country as a whole. The Federal Reserve Depart, failing to raise interest rates, shows the lack of responsibility of our president that watched us go down this Mortgage crises path. The President should be Impeached, jailed or otherwise, because we the tax-payers were let down and now we will pay again to bail out the savings an loans!
We are robbed once again!
Did we forget the president is under oath: I pledge allegiance to the flag of the United States of America, and to the republic for which it stands, one nation under God, indivisible, with liberty and justice for all."
WE the people were let down so step down!
And we are be defrauded once again by Printing some more money to bail them out and racking up our deficit bill!
I hope they bail out my mortgage too! Maybe the Plegdge of allegiance should be rewritten,
""I shall forever subjugate myself to the needs and will of the people, and I shall willingly accept the consequence of death if I should ever fail in this, my oath to the People." I believe This oath would be taken more seriously!
God Bless all the honest hard working people of this country! The Bottom line for most uf us if you screw up you are held accountable but for some reason the commander and chief never is!
WE only can vote him out.... we should all have terms too, if you screw up then in order to take any responsibilty wait 4 to eight years and take a vote! Bye then you will be voted out and the rest will be history.....what a country!
Federal reserve chairman and president are two different people. If you want the president to step in every time they think something needs to change, that would be grounds for impeachment. That would infringe on the separation of powers and turn our country into a dictatorship.
The presidents hands are tied on this one. The only thing he could have done is say "interest rates need to be raised." In all the presidents speakings over the last year whose to say he hasn't said this? Many wall street people said a year ago the fed should raise rates at the first of the year.