Crude prices set yet another record as traders balance weak jobs report with dollar's decline.
http://money.cnn.com/2008/03/07/mark...ion=2008030711
I blame this on Federal Reserve's cutting interest rate 1.25% in such a short period ot time.
It did not ease the subloan crises, it did not help those has trouble paying their mortgage, it certainly did not help our economy. On the contrary, it's like adding insult to injury, foreign investors no longer invest in US currency, the inflation is going to go out of control any minutes, the oil price is still continuing to rise, national debt increase dramatically by day, Baby bloomers trying to survive with fixed income.....
I don't know what our government can do for middle class Americans anymore. Really.