I worked in Eastern Europe as production manager on the big plant. And i know how production suffered because of inflation. Plant has to have contracts obligation but till the time mashinery sold commodities up and inflation eats all profit. Another detail is that in Europe when producion slows people are not getting fired, they still recieving salary. And this questionably stimulate demand but production getting slow and slow. Inflation kills production sycle. I believe that Obama, Bernanke, Dudley,Evans are not clueless they trying to save financials but in the price destroying this country.
No, the "financials" / oligarchy are saving themselves via Obama etal. And, it would have been via McCain etal had he been elected Pres. November elections, all of them for that matter, are a joke. Until there's a revolution there will be no change. They can shove my "right" to vote up their azzzz, it's meaningless.