US health reform under fire from conservatives

US president Barack Obama is on vacation, taking a break from the intense debate in the US over his health care

reform plans.

Reform opponents have disrupted town-hall meetings, and men carrying loaded guns have begun showing up outside

presidential events.

Rob Reynolds reports on some of the sound and fury dominating American politics on the healthcare issue.
Category: News & Politics
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Senator Grassley warns of hyperinflation

Michael O’Brien
The Hill’s Blog Briefing Room
August 26, 2009

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The economy could spiral into hyperinflation not seen since the early 1980s if the Federal Reserve does not tighten its monetary policy soon, Sen. Chuck Grassley (R-Iowa) warned Tuesday.

Grassley, speaking about the renomination of Federal Reserve Chairman Ben Bernanke to a second term as head of the Fed, asserted that Bernanke’s ability to hold down inflation would be the metric by which the Fed’s success would be measured.

“We won’t know for a year if he’s done a good job so far, because he shoveled money out of an airplane to save banks and the financial system,” Grassley said in a conference call with Iowa reporters. “But shoveling money out of an airplane to solve problems can be inflationary — in this case, hyperinflationary — if he doesn’t start mopping up some of the money that’s out there.”

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