Quote from gigsup:
I think it is obvious they are between a rock and a hard place with a deepening recession that looks likely to become a depression. Print money is the only option at the moment. Where do you think that will take us if China quits buying our debt. The last treas. auction went poorly and I expect the next will be worse. History always repeats except this time around Fed will not be able to cut or raise rates. Looming devaluation or outright default. Then you will get your reduction in gov't spending. It is too late, and you are right I am wasting my time.
Incidently, all the networks suck and I quit watching. nothing more than a plug in drug with propaganda programming.