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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (15855)	7/22/2009 7:53:53 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 103300

ALL the yet budgeted extra fiscal spending, AND all the monetary stimulus deployed thus far by the federal reserve... is still but a small fraction of the massive amount of liquidity that has evaporated from the economy because of the crisis and global recession. With Fed Funds at 0.25%, nominal, no room left for lowering... we are in a classic "liquidity trap". That is why the Fed is having to try "quantitative easing", and Washington trying to push out fiscal stimulus. There is nothing left in the kit bag that stands a chance of getting us out of the liquidity trap.