Our country has been spending like a bunch of drunk sailors for years now.
Still no real transparencies for the derivatives markets nor commodities futures trading changes.
The reduction in the overnight lending rate is just for banks. Reducing the capital gains tax and federal income tax for corporations, cutting spending (not a spending orgy like last night) will create jobs and improve the credit markets.
Take a look a the US auto industry...they just got a $25 billion pork chop, still, no one has been buying for months. Don't matter. People are scared as jobs are being cut, food and energy have skyrocketed with many working families earning < $100K per year.
4 cyc used compacts are what is being bought for cash.