Billions and billions more

Posted on March 11, 2008 by Lance

The Federal Reserve put up another $200 billion dollars on Tuesday to “ease the credit crunch.”

The only way to prevent the recession from being severe is to let it work itself out–the more government intervenes the longer we will delay the inevitable and make it worse in the end.

Filed under: Economics, Politics

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One Response to “Billions and billions more”

  1. Mike O, on March 11th, 2008 at 9:03 am Said:

    This helps bail out my company (Citi) and might even go as far as saving my job; I hate it! All it will do it add to inflationary pressures and keep corporations and individuals practicing the same appallingly bad ‘living beyond your means’ ethos of the federal government. Just $200 billion dollars farther down the road to economic collapse.

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