Thursday, August 27, 2009
People Hate Fed More than IRS!
Jeff Tucker passes along this story:
In contrast, if Bernanke wants to steal half your wealth, all he has to do is press a few buttons.
NEW YORK (Reuters) - Americans think the Federal Reserve is doing a worse job than even the much-maligned Internal Revenue Service.Wow, that's pretty impressive if you poll worse than the IRS. And what's funny is that the public is right: After all, it takes some effort for the IRS to steal your money. First of all they have to find out that you have it, and then they have to send you letters, make scary phone calls, freeze your bank account, contact your employer about garnishing wages, and finally they have to tap some scarce labor power by sending armed guys to your house.
Only 30 percent of Americans think the Federal Reserve's Board of Governors is doing a good job despite the central bank's unprecedented efforts to battle a crippling recession, according to a Gallup Poll released on Monday.
That makes the Fed the worst reviewed of nine key agencies -- including the tax-collecting IRS -- the Gallup poll of more than 1,000 Americans between July 10 and 12 showed. Twenty-two percent of Americans said the central bank was doing a poor job.
In contrast, if Bernanke wants to steal half your wealth, all he has to do is press a few buttons.
Comments:
I think the 2nd sentence is revealing of assumptions. The author uses the word "despite" instead of 'because of".
# posted by 
: August 27, 2009 at 1:38 PM
: August 27, 2009 at 1:38 PM
I get a kick out of these polls. I would be suprised if 30% of Americans even know what the Federal Reserve is. Most people would look at you with a blank stare if you asked them about the Fed. Their focus is on bread and circuses -- football, Jon & Kate, etc.
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# posted by : August 27, 2009 at 9:13 PM
: August 27, 2009 at 9:13 PM Subscribe to Post Comments [Atom]
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