Federal Reserve chairman Ben Bernanke warned this week that the slump in the US housing market will prove to be a "significant drag" on economic growth. If that news isn't bad enough for you he followed-up with his brilliant observation that that economic confidence is still fragile. Of course it is Ben and we're all counting on YOU to give us some confidence. Cutting interest rates is a symptomatic cure. It's hard enough for small business operators to succeed in a highly competitive arena. Confidence is our most valuable asset. Isn't it about time that our economic leaders gave us some tools for growth rather than predictions of gloom and doom. Quit being such a DRAG Ben.

Labels: bernanke, economic growth, economy