Fed cuts the funds rate
Oct 08 2008, 11:53 EDT [updated Oct 08 2008, 11:54 EDT]
The Federal Reserve has cut the base rate by 50 points to 1.5%. Good Lord, isn't a loose monetary policy what got us into this mess in the first place? The next president will be presiding over a Carter era economy. Let's hope he doesn't do the same things as Carter did.

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