Sunday, November 27, 2005

Greenspan Kept Inflation Low on Backs of Middle Class

Greenspan did one thing and one thing only during his time as chairman. Kept inflation in check. It came at a huge price for the middle class.

Now that Bush has appointed a chairman that believes inflation is no big deal ("we can always print more money,") the Cheney administration has created the Perfect Storm to destroy the middle class.

Global Work Force Helps Fed on Inflation - Yahoo! News

"According to figures from the Census Bureau, the top 20 percent of U.S. households earned 50.1 percent of all income last year while the bottom 20 percent received just 3.4 percent of total income."

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