Where is the US economy headed?

teeny, I like you, you have spunk and you speak openly about yourself and your beliefs. I just wish you would wake up to the fact that you are swallowing all the swill of the liberal media and you are not checking out the facts. I believe Michael Steele, if you knew him personally, would be far more akin to your philosophy than an Obama that is a smooth talker but thats about it. Obama is not even all black, if that is what you wanted, and the man doesn't even love America, as you do, at least I don't think he does, he constantly runs it down and apologizes for it. I do not think he speaks your language at all in terms of what you believe deep down in your heart.

Fact is, many think Martin Luther King was a Republican, and it has been the Republicans from the days of Lincoln that have fought for and initiated many of the rights that you have, it is not the party of Teddy Kennedy that wants to keep you on the plantation and make you believe that you can't do anything unless they help you. Their "help" is described as taxing the bejeebers out of you and me and then give it to you and other like minded voters to buy your votes by demonizing Republicans, and it is you that has fallen for their koolaid. I think you will wake up sooner or later, I hope sooner, to what is actually going on and get a spine for yourself, like Michael Steele and the many thousands, tens of thousands, millions of other blacks that are now seeing the truth of what has happened and is happening.

Well, you misunderstand okie; you know, Obama hates America, and wants to destroy it.

enjoyed reading the response from one government worker

Government regulation and supervision
Ben Bernanke (lower-right), Chairman of the Federal Reserve Board of Governors, at a House Financial Services Committee hearing on February 10, 2009. Members of the Board frequently testify before congressional committees such as this one. The Senate equivalent of the House Financial Services Committee is the Senate Committee on Banking, Housing, and Urban Affairs.

The Board of Governors in the Federal Reserve System has a number of supervisory and regulatory responsibilities in the U.S. banking system, but not complete responsibility. A general description of the types of regulation and supervision involved in the U.S. banking system is given by the Federal Reserve:[43]

The Board also plays a major role in the supervision and regulation of the U.S. banking system. It has supervisory responsibilities for state-chartered banks that are members of the Federal Reserve System, bank holding companies (companies that control banks), the foreign activities of member banks, the U.S. activities of foreign banks, and Edge Act and agreement corporations (limited-purpose institutions that engage in a foreign banking business). The Board and, under delegated authority, the Federal Reserve Banks, supervise approximately 900 state member banks and 5,000 bank holding companies. Other federal agencies also serve as the primary federal supervisors of commercial banks; the Office of the Comptroller of the Currency supervises national banks, and the Federal Deposit Insurance Corporation supervises state banks that are not members of the Federal Reserve System.

Some regulations issued by the Board apply to the entire banking industry, whereas others apply only to member banks, that is, state banks that have chosen to join the Federal Reserve System and national banks, which by law must be members of the System. The Board also issues regulations to carry out major federal laws governing consumer credit protection, such as the Truth in Lending, Equal Credit Opportunity, and Home Mortgage Disclosure Acts. Many of these consumer protection regulations apply to various lenders outside the banking industry as well as to banks.

Members of the Board of Governors are in continual contact with other policy makers in government. They frequently testify before congressional committees on the economy, monetary policy, banking supervision and regulation, consumer credit protection, financial markets, and other matters.

The Board has regular contact with members of the President’s Council of Economic Advisers and other key economic officials. The Chairman also meets from time to time with the President of the United States and has regular meetings with the Secretary of the Treasury. The Chairman has formal responsibilities in the international arena as well.

Stop the cap-and-trade scam - it's "All Pain, No Gain".
...
Protect American jobs, energy, and prosperity from global warming hype.

Efforts to control man-made "greenhouse gases" through mandatory policies like cap and trade are nothing more than "All Pain, No Gain" " all economic pain for no environmental gain.

Energy Tax: Proposals like cap and trade are simply a massive tax on energy use " on everything we heat, cool, drive, make, grow, eat, and do " and will therefore cause the price of everything to skyrocket.

Hurts Americans: These proposals will harm all Americans by exorbitantly raising gasoline prices and utility bills, sending jobs overseas, perpetuating the myth that "green jobs" will grow our economy, and acting as a huge "regressive tax" that will especially hurt the poor and our nation's seniors on fixed incomes.

Failing Science: An outpouring of peer-reviewed studies, data, and skeptical scientists from around the world debunks the alleged "consensus" about man-made global warming. The Earth is well within natural climate variability, climate fear is being driven by unproven computer models, and it is preposterous for the EPA, White House, or Congress to call carbon dioxide a "pollutant."

Purely Symbolic: Congressional proposals like cap and trade, and international treaties like the Kyoto Protocol, are purely symbolic efforts at reducing emissions and stabilizing the climate. Even President Obama's own EPA admits cap-and-trade policies will have no detectable impact on global CO2 levels or temperatures. U.N. treaties will also be meaningless since developing nations like China and India have no intention of setting definite CO2 limits.