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12-18-2008, 11:07 PM #1
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interest rates cut to save the economy
This may seem deflationary but within a couple of years.... holy hyperinflation.
The Fed is just delaying the inevitable and making the inevitable even worse.
You know what would be cool? If marijuana was legalized and taxed RIGHT NOW, it would cover all these bullshit state budget defecits and a good portion of this incredible amount of deficit spending.
It'd create a ton of jobs, god damn. It really is the answer.llama shack Reviewed by llama shack on . interest rates cut to save the economy Fed cuts interest rate by 0.75 points Last Updated: Tuesday, December 16, 2008 CBC News The U.S. Federal Reserve has cut the country's short-term interest rate by three-quarters of a percentage point to a target range of zero to 0.25 per cent. That is the lowest level on record for the United States. In announcing the cut Tuesday, the Fed said U.S. labour and market conditions, consumer spending, business investment and industrial production are all falling. Rating: 5
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