Tuesday, December 16, 2008

Fed Fund Rate at Zeo: Now Enter Stage Left, The Democrats

Our patient, the economy, is lying flat on the table, and the Fed just gave it the last shock to the system that it had in its battery.

So now that the Fed Funds rate is officially 0, there's nothing left for the Fed to do to fight this deflationary spiral. Enter stage left: the Democrats.

Now it will be up to Obama to spend our way out of the Depression/Recession. Fortunately, with debt interest so low, we can spend to our heart's content, and this is a task that Democrats are well suited for.

Only two questions remain.

1.) Was today's jolt enough to keep our economy alive until January 20th?

2). And once the economy does recover, what are we going to do when we find out that every man, woman, and child in America is in debt to the government to the tune of $350,000?

Who's going to bail out the U.S. Government?

I suppose this would be a good time for the space aliens hoarding intergalactic technology to make themselves known to us. We might just be ready to ask them for a loan.

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