Subject:
David Souter David Hackett Souter (pronounced /?su?t?r/; born September 17, 1939) served as an Associate Justice of the Supreme Court of the United States from 1990 until his retirement on June 29, 2009. Appointed by Republican President George H. W. Bush to fill the seat vacated by William J. Brennan, Jr., Souter was the only Justice with extensive prior court experience outside of a federal appeals court; he had served as a prosecutor, a state’s attorney general, and as a judge on state trial and appellate courts. Souter sat on both the Rehnquist and Roberts courts, and was regarded as a liberal by conservatives; others, however, felt he did not fit squarely into any ideological camp. Following Souter’s retirement announcement, Democratic President Barack Obama nominated Sonia Sotomayor as his successor. (Wikipedia Jan 2010)
Jimmy Carter Redux
By John Schroy, on May 4th, 2009 | 
As of this writing, the term “stagpression” gathers only 145 hits on Google. This is probably because the term — meant to suggest high unemployment plus high inflation — does not convey this meaning effectively.
So we’re stuck with the term “stagflation”. Or maybe something like, “stagflation on steroids”, although this seems a bit hackneyed.
Under President Obama, the Carter combination of inflation and unemployment are likely to return — with a vengeance. Fed Chairman, Ben Bernanke, seems to have read the wrong books about the Great Depression.
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