Would the Feds Just Cut It For Goodness Sake!
January 12, 2008 by Robyn HardyListening to Bernanke speak on Thursday, January 10, 2008, I wanted to pull my hair out. Can't we just get on with it and do a 1% cut right out the chute for 2008 and then cap it for the year? I feel like this crawling to get to a reasonable fix is delaying a market stabilization. I keep hearing that there is a threat of other countries seeing us as weak and vulnerable if we make drastic changes...oh come on!
Are we supposed to think they don't know what the US is going through? Our media has done quite an amazing job of letting the world know how desperate we are and how much worse it is going to get whether they had their facts right or not. Like our chief economists don't have the inside digs on world-wide economies. Man I hope they do, it's their job.
I may be way off with this and I know there has to be a whole lot more to this. This is not my area of expertise. I hear a lot of people saying the same thing but perhaps it is because we want a quick fix and don't truly understand the ramifications? Please give me some feedback so we can all see a better picture of this situation.














Post new comment