Remember, Obama is a Fabian Socialist. He wants the government to control everything and every aspect of our lives. The fed was there in the past to "regulate" commerce, not to control it. Regulations were for fair trade between states, monopolies, etc. You can over regulate, and sometimes you can under regulate. The banking regulations should not have been removed in 1998 (under Klinton) allowing ARM's and home loans with no down payment, etc. Most Americans want their freedom, not a nanny state. However with the spoiled younger generations coming up depending on some type of government handout, the country is headed downhill fast. I said back in January we would have 10% unemployment. I also say now that within 2-3 years we will have high inflation. Government can't spend more than they take in in taxes. They either have to release excess money into the system, or raise taxes. Excess money will cause high inflation. Raising taxes too much can cause a deeper recession.
