Fed Annoucement Means Bernanke to the Rescue

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What does this mean for deficit which I think is already at 13.5 percent of GDP?

sisterrosetta of AZ 12:26PM March 19, 2009

The Treasury MUST step in to counter the Obamanisnts/Pelosism "spending spree". I seriously have doubts as to whether it will make any difference. After months of campaining declaring GWB as an "overspender", Obama has made GWB look like a spendthrift. GWB had to respond to: 911, Katrina and Ike and I believe history will show he handled these quite well (not perfect but all-n-all,quite well). On the other hand, we now have our JR Senator who has NEVER "managed" anything except to outspend his predicessor in the first TWO months of office!

Anybody out there wonder what will happen if WE get hit with another 911 or natural disaster after Obama's "Yes we can" Socialists spending agenda? Guess what, we'll have no money left and have ALREADY tried the patience of the World Investors who are currently funding our "new hope" agena.

Can you say "shafted", I guess we can.

Chris Petty of GA 9:45PM March 18, 2009

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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