To add to the problem of the Class of 2009 being the least employed group of grads in history, the Treasury Bonds the U.S. "sell" to generate cash are looking grim. No one is buying them without an incentive of a higher and higher rate of return.
This in turn, raises interest rates across the board, the Fed has lowered all they can, the FINANCE market that has to actually peddle the Gov't bonds, are creating the inflation monster that will slowly and surely keep going up,....
Notice the price of crude oil lately? It follows suit.
And Bill Nelson D-Fl, says he will filibuster current legislation to drill vast oil reserves off the coast of Florida. NIMBY mindset, catering to his treehugging liberal ass-wipers, constituents...