Bernanke’s Testimony
Based on Bernanke’s talk with congress he will mostlikely cut by 25basis points on March 18th.
But he really is in a tough position. I mean we sit here with high food and energy costs, yet the government/administration is not promoting the proper policies to reduce these costs.
The Bush Administration flat out stated a veto to Energy Bill if the tax breaks to Big Oil are omitted from the Bill. By doing so, they veto the push into alternative energy, and solar tax breaks.
The biggest obstacle for Bernanke is the Bush Administration… we know where inflation is coming from… attack the problem with a specific solution and the problem will go away. (And no, I am not becoming a hippy 
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