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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Fiscally Conservative who wrote (10935)	7/23/2008 10:10:01 PM
From: Fun-da-Mental#1	Read Replies (2) \| Respond to of 50084

The Fed can't reinflate, they can only slow the fall. They can cut rates from 2% to 0%. That's still only a 2% rate cut. They've already cut more than that and it didn't work. They can have more bailouts and handouts. It won't turn things around, just spread the pain over time. I'm not saying America is doomed, it's just the business cycle running its course. Look at Japan in the 90s. The government did everything it could to reinflate and there was still deflation. Fun-da-Mental