The fed does not get it.

[FinanceDude]

Yes, the fed scr3wed up by keeping rate too low for too long. Rate should have been raised back in late 2003 early 2004 and in a bit more aggressive manner.

Stimulating the US economy after 9/11 wasn't stupid..........

The regulators were asleep on the sub-prime debacle. THe primary fault is with the Bush Administration. The Bush administration has such a Laissez-faire attitude toward the markets and business that they let a new group of budding opportunist/criminals ruin us. Combine that with an ultra-hawk war mongering attitude and Zero concern for SS and Medicare. And this is where you wind up.

So, this is news to me..........BUSH is responsible for passing all laws.....why do we need a Congress then

America should cry out and denounce GWB and he has really F^<ked things up. The sad part is that he did it on purpose... Oh... to be sure some of the results were unintended consequences... but his actions directly brought most of it on. Including pressuring the fed to keep rates low to fuel the artificial housing boom... because the fear of recession during his war.

You need a refresher in Economic 101.........

This is why most middle of the road republicans and independents will vote for a democrat whether they like the Dem or not.

Um no..........the LEAST likely of the 3 candidates for President to make things worse than they are is McCain, although I don't like some of his stances.

Obama TALKS a good game, but has no experience, and Hillary would bankrupt this country further........

 

[lets-retire]

We really had no reason to stay in Somalia.

If there was no reason to stay then there was no reason to go. The mission started was never completed, meaning the lives Clinton lost were lost in vain and for no reason, at all. The resulting opinion of Al-Qaeda is just hurt them and they'll go away. Once the upper hand is lost it takes a lot of blood sweat and tears to regain it. That is what Bush is doing, regaining our ability to not have to fight.

 

[Razor]

Invading Iraq was a huge mistake.

 

[Kwirk]

The resulting opinion of Al-Qaeda is just hurt them and they'll go away.

Are you sure that lesson wasn't already learned in Lebanon? I seem to recall somebody else in office then.

 

[dumpster56]

Back to the topic ...

400+ point gain today fed lowers rate 3/4 pt crude back up to near 110 a barrel, looks like crude goes to 115 to 120 with this rate cut, diesel fuel is avg 4 dollars a gallon today gasoline headed that way there will be more banks in trouble sooner than later, can you say DISCONNECT? The america consumer is not buying stuff, how in the world do the people on wall street think they will make money??

 

[Notmuchlonger]

Back to the topic ...

400+ point gain today fed lowers rate 3/4 pt crude back up to near 110 a barrel, looks like crude goes to 115 to 120 with this rate cut, diesel fuel is avg 4 dollars a gallon today gasoline headed that way there will be more banks in trouble sooner than later, can you say DISCONNECT? The america consumer is not buying stuff, how in the world do the people on wall street think they will make money??

Recessions happen. Settle down and enjoy your retirement.

 

[dumpster56]

Recessions happen. Settle down and enjoy your retirement.

Oh believe me I am!

 

[Notmuchlonger]

Oh believe me I am!

What do you think the FED should do differently?

 

[FinanceDude]

What do you think the FED should do differently?

Let all the banks fail and go into a 2nd Greap Depression, so newguy can say: "I told you so"...........