Submitted by Bernard Braginsky, Feb 22, 2008 15:21

I resent Fed Chairman Bernanke's trying to jump start the economy by throwing millions of elderly Americans to the wolves. Every time he cuts interest rates, vast numbers of senior citizens who were responsible enough to have saved a few bucks in money market funds and who live off the interest and dividends have less money to spend on food, medicine, etc. These are precisely the people who have followed the traditional American route of thrift and savings to take care of themselves in their old age, so that they would not have to rely on governmental handouts. Yet, they are the ones who are being punished by Bernanke — truly, punishment without crime. Who ARE getting the handouts — the greedy "homeowners" themselves, who knew they could not afford to buy homes, but were unwilling to wait until they could earn money enough to do so. Their accomplices in crime are the banks and mortage companies that have made millions by issuing mortages to people who they knew did not qualify for them. I am not voting for any candidate, presidential or congressional, unless he or she promises to use their "bully pulpits" to restore the revenue thrown off by money market funds to at least 5% immediately after taking office, which is about what it was before Bernanke put his clumsy hands on the economy — and to do so regardless of any meddling by the geniuses at the Fed.

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