If this nitwit doesn't understand that these rate increases will have massively deleterious effects on the economy, he shouldn't be treasurer for the kids' afterschool baseball league, much less Secretary of the Treasury.
However, I am certain that the Kenyan Clown and all of his circus would be delighted to see such massive damage to our economy.
Either Obama and his ilk are complete idiots, or they are trying to ruin the economy on purpose. Maybe it's both.
I don't even want to know what this country of ours is going to look like by the time they are done with it? Maybe something like Somalia, who knows.