Letters to the Editor
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Hewitt a member of the Federalist Society
If the markets had gone up on the unemployment news, the wags would be telling you that weak economic numbers will guarantee additional rate cuts, bail outs, and liquidity infusions, not to mention the gifts bestowed on Wall Street by the President's Working Group, Goldman Sachs and the Plunge Protection Police.
The Fed controls the economy, and the President controls the Fed, by expanding the money supply at a uniform rate, not so fast that we overheat mind you, through MONETARY means, and government spending (Fiscal Policy) follows.
Wall Street takes the first slice of Main Streets money. Government retirement funds go directly into stocks, and managed funds. These retirement plans are often completely opaque. In many cases if the employees assets decline, the government employer will raise the employees contributions to make up the difference.
Hewitt is a member of the Federalist Society, which ostensibly believes in seperation of powers, and is opposed to other than corporate welfare spending. Evidently, so is Romney.. The economy described above, one in which the Congress abdicates its Constituional power to control the money supply, is Socialist, leaning toward Fascism.
TO get a more spirited read on this, go to http://www.Goldenjackass.com