[Pen-l] "you see branches of government. I see firewood."

["Jim Devine" <jdevine03@xxxxxxxxx>]

from SLATE: >President-elect Barack Obama used the Fed's announcement
as an opportunity to tout a massive stimulus package. "We are running
out of the traditional ammunition that's used in a recession, which is
to lower interest rates," Obama said. "It is critical that the other
branches of government step up, and that's why the economic recovery
plan is so essential."<

The Fed isn't a "branch of the government." It's a
government-sponsored agency that is largely run independently of the
government. Of course, as a bankers' cartel, it does not operate
independently of the bankers or Wall Street.
-- 
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
_______________________________________________
pen-l mailing list
pen-l@xxxxxxxxxxxxxxxxxx
https://lists.csuchico.edu/mailman/listinfo/pen-l