Well, the only thing the rate cut will do is insurre the Dow drops 300 points today, rather than 900.
What they really need to do is to CUT SPENDING and CUT TAXES, especially corporate taxes.
They should make additional cuts in the short term as needed, however.
Right, but since a lot GOPer stayed home last November to teach the GOP a lesson, we got a democrat congress that wants to enact Charlie Rangle’s tax legislation.
How do plan on doing this??? There are plenty of GOP presidential candidates who want to cut the corporate tax rates and individual rates.
Until then we have to use monetary policy to get this done.