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Federal Reserve Chairman, Ben Bernanke, during a rarely-held  interview with the media was unusually candid about the future of the U.S. economy.   His  remarks were precipitated by a widely held misunderstanding among many Americans concerning The Fed’s intention to inject $800 billion into the economy.  In a time of burgeoning federal deficits and an ever-increasing level of U.S. National debt, Chairman Bernanke was  quick to point out that none of the $800 billion dollars would be added to the deficit.  The funds would come from existing reserves, and …

There is little doubt that continued high unemployment rates will have a major impact on the 2010 mid-term elections, and may hamper Obama’s ability to accomplish other major campaign initiatives. The truth of the matter is that there is very little the Obama Administration (or any administration) can do to effect the economy in any significant way without changing the American capitalistic system.