I agree that uncertainty is contributing to the problem, but low interest rates are not creating the uncertainty. The federal government (in particular Obama) is creating the uncertainty because everyone is running around worried sick about what crazy freaking thing the 1st affirmative action idiot president might do next, and how what he has already done (ie. Obamacare) will affect them.
All low interest rates does is make people less likely to stash their money in a CD or savings account and instead invest it in something with a decent return on investment. Heck I would go so far as to say that keeping interest rates low is the ONLY thing Obama has done right.
I agree that uncertainty is contributing to the problem, but low interest rates are not creating the uncertainty.
But the Fed’s low interest rates (manipulated below the market rate) allows the administration to get away with bad behavior. The Fed is “enabling” the adminstration’s policies of uncertainties — that’s what I think Colonel Ryan is alleging.