2 major Fed rate cuts in 3 Days. Bush's economy is really in the crapper, huh?

The Fed took the unprecedented action of calling a special Sunday session to cut the rate 2 days ago.





Then they Socialized the banking industry by bailing out Bear Stearns with the newly printed paper.





This was another unprecedented event in which the Fed acted in their role as Lender of Last Resort:





As the nation's central bank, the Federal Reserve has the authority and financial resources to act as “lender of last resort” by extending credit to depository institutions or to other entities in unusual circumstances involving a national or regional emergency, where failure to obtain credit would have a severe adverse impact on the economy.''





After all that, the Fed met again today to cut the rate again.





Why won't the Fed let the market correct itself?





Housing prices are still way too high.





Why won't they let the Bubble burst?





Bush is a lame duck and we all see through his smoke and mirror economy.





Why does the Fed continue to make matters worse by prolonging the inevitable?

2 major Fed rate cuts in 3 Days. Bush's economy is really in the crapper, huh?
The republicans want their main contributors to be supported fully and they want to minimize the loss of any other republicans in the next election! Whenever they cut the fed rate the value of the dollar goes down further. Republicans always devalued the dollar to save themselves. I remember when Nixon devalued the dollar twice in one week! The price of oil is going to climb and then the price of all necessities will follow suit accordingly, what will this accomplish? They have lost control completely!
Reply:Bush's economy? I thought it was the American economy. You don't suppose the democrats in congress had anything to do with this with their constant spending do you? Just wondering.