from SLATE: >President-elect Barack Obama used the Fed's announcement as an opportunity to tout a massive stimulus package. "We are running out of the traditional ammunition that's used in a recession, which is to lower interest rates," Obama said. "It is critical that the other branches of government step up, and that's why the economic recovery plan is so essential."<
The Fed isn't a "branch of the government." It's a government-sponsored agency that is largely run independently of the government. Of course, as a bankers' cartel, it does not operate independently of the bankers or Wall Street. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
