Bernanke wants to bring back the 1970s

Oh great. Yesterday we heard the Fed was going to cut interest rates next week by 1/2 point - in addition to the panic 3/4 point cut - and now Wall Street is counting on yet another 3/4 point cut. This means that the Federal Reserve will be lending money at 2.75% compared to the 4.1% inflation from last year. Bernanke wants to give away money which may eventually help Wall Street, but it's going to be painful for everyone else. He's in complete panic mode and will drag us all down just because he's in over his head with this job.

The Fed is supposed to lead and not be bounced around by the market. All we have today is a follower who is more interested in what Wall Street wants today instead of thinking about the long term issues. Can we get a re-count on his nomination?