With a very fragile economy and extremely high unemployment and a fractured housing market, the idiot comes out today with a statement
"Kohn: Fed to raise rates before spending overheats"
It was the wrong thing to say at this time.
We're talking about Federal Reserve Vice Chairman Donald Kohn. Where did they get this idiot.!
Even if true, the timing of this at this time was very dumb, actually very wrong. I'm extremely sorry for the people who are struggling to make house payments and those who lost their jobs and can't find work. This takes the cake. This fool is an extremely baffoon who doesn't understand public relations and unaware of the real world.
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September 30, 2009
Edited: September 30, 2009
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