Fed Chairman Bernanke thinks American Businessmen are Stupid

Bernanke testified before Congress last week that Inflation remains “quite low”. He explained his measure of  “core” inflation which excludes food and energy prices. I do not think  Bernanke understands that Americans do not have the option of  “choosing” not to eat, heat their homes or drive to work. The fact is that the Federal Reserve has been “cherry picking” the statistics to produce the results they want to see for a very long time. Of course the Federal Reserve always has the support of the both the president and the congress in this deception of the American people, since it is in the interest of the politicians to sweep inflation under the rug and pretend that it does not exist.