I bet bumbling Ben comes through with a .75 to 1% cut soon to avoid a US mirror image of the termoil today in the world markets.....
What do you bet Bush is wacking him on the upside of the forehead right now....LOL
Wer'nt the talking heads saying only a few weeks ago that a market meltdown similare to 1929 was imposible today... because they have many means of mitigating the fear factor..... Well they better get busy and start mitigating or there is going to be big trouble....
Bush could have 911, Iraq and the second 1929 market crash as his destinquishing statements for his presidency.
Now when 911 happened the image of Bush in front of the class of kids comes to mind....... is he at another school today reading "Marry had a little lamb" or is he doing something about the carnage in the market the US banks and lenders have caused!
Now it was really stupid of Bumbling Ben to raise intrest rates in the first place..... as fighting the inflation boogie man agressively by raising rates was the wrong thing to do.......
Ben caused this mess by raising rates in the first place..... plain and simple!