Fed to act in "timely manner" to support growth
By Mark Felsenthal
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke on Thursday held the door open to more interest rate cuts to help the struggling economy, but told Congress the central bank expects growth to pick up later in the year.
Well what a surprise. Who would have imagined such a thing. . . but hey, let's give all the proles some cash to spend like stuff-junkie-monkeys! Afterall, it's an election year.
That's not a hard one to swallow, is it Amurika? Doesn't hurt going down nearly as bad as "yellow cake uranium ore" does it?
Is it possible that the politicians are as dumb as the proles? Do THEY believe that giving away $150 billion we don't have is actually good for the economy?