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Sunday, February 10, 2008

The Four Branches Of Government

Referring back to Mr. Bush and The Federal Reserve http://fatherdaughtertalk.blogspot.com/2008/02/wise-minds-prevail.html wherein it was stated that Mr. Bush urged Mr. Bernanke to cut rates. When, exactly, did the stock markets in New York become the fourth branch of government? When did the mission of the Federal Reserve become propping up Dow Jones Futures? What I see happening is people who should be abandoning ship are being cajoled into staying on board the mini-Titanic and they will be left, as the saying goes, holding the bag, while those who talked them into staying have already jumped into a lifeboat. Of course, in the future, the markets will go up again, and that bag someone is left holding will turn from a sow's ear to a silk purse again...after a time of lost opportunity.

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