Free Republic

Incredible Threat By Bill Bonner 08/06/10 Ouzilly, France – Last week, Mr. James Bullard was being both cagey and clairvoyant. The president of the St. Louis Federal Reserve Bank noticed what everyone else has seen for months; the US economic recovery is a flop. GDP growth was last measured pottering along at a 2.4% rate in the second quarter, less than half the speed of the last quarter of ’09. At this stage in the typical post-war recovery, GDP growth should be over 5% with strong employment. Instead, the “Help Wanted” pages are largely empty. Homeowners are still underwater. And...

When his cardiologist warned him it would be tough to make the trip back to England to unveil a monument at the site of the Staplehurst Advanced Landing Ground commemorating the American and Canadian pilots who flew P-51 Mustangs from the base in World War II, Lt. Col. Bill Bullard, 90, told him one thing. “Well, not as tough as the first time I tried it,” he said. Bullard, along with his wife Birdie and daughter Linda, flew to England on June 3 to join local residents in Kent County, about an hour southeast of London, for the ceremony. “When...