Tuesday, January 22, 2008
Funds Rate Cut 75 Basis Points
I guess the Bush government is started to get a bit worried. In spite of all the talk of a strong economy by conservatives, the Fed decided to cut the Funds Rate by 75 basis points even before the stock market has opened. Let's hope they get those rebate checks in the mail soon....not that they will help the economy all that much. What we need to do is stop borrowing so much money, both as a population and as a government.