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Thursday, July 19, 2007

Bernanke worried about inflation, but not so much for income gap

We could do a lot worse - we did under Greenspan - but isn't it about time the Fed chairman thinks about the ever-growing disparity between the ultra rich and everyone else in the US? As the select few celebrate the Dow hitting new highs the rest of the country is wondering when the heck they too will see the great benefits of a booming market. While the trickle down of the Bear Stearns hedge funds being worthless will no doubt hit the middle class, who always seem to get stuck with the bill these days, there is never any trickle down that has a positive impact on average Americans and it's become a tired routine.

So while the Fed is wringing its hands over inflation, a valid issue, of course, it might be nice if they started to think about how all of this plays out with the bulk of the population instead of those who pay others to think about these issues and find ways around participating like everyone else who doesn't have such luxuries. There is a problem and it needs to be discussed and addressed, not ignored.

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