when the fed is allocating credit when we make this a public ul-- utility, the cost and supply of which is determined in washington, i don't think the fed should be independent. >> how do you feel the economy is going right now? >> so little of the stimulus money has been spent. has been spent, 10%, it can't be blamed on the stimulus. markets go up and down. in the early years of the last century someone saw jpmorgan on the street, and said, mr. morgan, what will the market do. and he said fluctuate. and it's down now and it will be back. my worry is this, stimulus money, they are throwing trillions of dollars into the system, is like a defibrillator, it will restore the pulse of the country. but you can't live on a defibrillator. and the problem of throwing all of this money will cause inflation. and just as we get a heart beat and get the green shoots of the economy coming up, high-long-term interest rates dictated by inflation premium will snuff out the vigor of recovery. host: next question, this is frank from democrats line. caller: yes, i have a couple of points. you spoke of the