Wow, that's a very bad move by the government ...
The recession that is comming in the US ecconomy is (in reality) a correction for the inflationary policy that the Fed has been running for over a decade, and the poor fiscal management the US government has demonstrated since Bush entered office. Essentially, the excessive quantity of money in the caused unchecked inflation in the housing market (and in the stock market) and the value of the dollar (and commodities) are now adjusting to the new price level. This is a natural and necessary correction in order to prevent much more dramatic and uncontrollable inflation.
What is the Fed's and the federal government's response? To run a worse inflationary policy and to show worse fiscal management ...
I'm certain American's will be happy about this $800 to $1,600 when they are facing 12% inflation ...
