Michael B. Duff

Forgive us for being so cynical about the political and bureaucratic classes – but the best way to describe their dilemma is probably by comparing them to a parasite apoplectic about the unexpected, but suddenly seemingly possible, demise of its host. The slightly frightened emotional state of law makers was palpable throughout the proceedings. They are facing a (s)election in November, and it doesn't look good for incumbents, to put it mildly. You have to also keep in mind that most Congressmen are economically illiterate and are hoping for miracles from the Fed chief…