The Fed's reckless monetary policy has cost the US government trillions of dollars in bailouts for banks, the automobile industry, and homeowners. The Fed has created considerable distortions in the economy and has heightened economic uncertainty. The full extent of the damage and how long recession will last cannot be predicted today. |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.