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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (47256)	11/16/2010 5:49:42 PM
From: DuckTapeSunroof	Respond to of 71588

The Fed was only forced into acting because the Congress is too chicken to man-up and do the heavy lifting that they should be doing at this time --- reforming our corrupted tax codes, slashing loopholes, lowering corporate and individual rates, reforming spending, closing overseas bases and wars, reforming entitlements and corporate welfare, etc., etc. The Fed is a poor proxy for a captive legislative branch that is frozen by fear and stuck in the mud. Still, somebody needs to act and, even if the Fed has lesser chances for success then proper legislative action would have (and it does have less chance of success) somebody has to act while the rest of government is asleep and tremulous.