Deseret News | Fed, central banks cut rates to aid world economy

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Fed, central banks cut rates to aid world economy

Bush Hater | 1:09 p.m. Oct. 8, 2008

All I hear is "Bush's Failed Economic Plans" from the Liberal Cooks.

Name one thing that the Dem Congress has done? ONE? Name one thing that B.O is going to do?

This economic crisis is linked to Clinton and the Dems just as much if not more than Bush.

It is a sad day in America when we put a man in power not because of his record or his "plan for America' but because people hated Bush. It is not democracy we live in (People voting for B.O. because they hate Bush is not a vote for someone). America better wake up or in four years, after B.O. and the Dems have thier "new, new deal" there won't be anything left.

My perdictions for 2012 with Obama in full retreat:

Dow: 7,532
Gas: $6.50 a gallon
Unemployment: 11%

Welcome to America under Obama.

Anonymous | 1:17 p.m. Oct. 8, 2008

"In a rare coordinated move," ? They did the same thing about 4 months ago. I refinanced right after. Not so rare with the current situation I guess

AZ | 3:29 p.m. Oct. 8, 2008

I agree with Bush Hater!!!!

Comments continue below

Earl | 4:09 p.m. Oct. 8, 2008

The response by the Fed to this "crisis" has been a one-trick pony: flood the market with more debt. Doesn't that strike anyone as odd that they would try to solve the debt problem with more debt? Isn't that like trying to put out a fire with gasoline? Here's a novel idea: instead of trying to prop up artificially high prices with massive infusions of play money, allow the market to determine its own price level. Let failed banks and businesses fail, and let's start again at where prices should really be.

Liberal Cooks? | 4:21 p.m. Oct. 8, 2008

What are they cooking? I hope they make enough to go around.

DAVE from Midvale | 5:12 p.m. Oct. 8, 2008

TO: Earl

So, let's throw the baby out with the bath water, eh?

I would agree something needs to be done about EVIL business leaders (and that's what they are). But to just "let" the business world go to heck in a hand basket seems irresponsible.

The free market will NOT regulate itself. It needs at least "some" regulation. The lack of oversight has lead to this mess we are in now. No oversight over insurance, side bar loan comapanies, etc.

Whose liberal? | 7:21 p.m. Oct. 8, 2008

Bush has created a large central world bank overseeing all investments and loaning money to foreign banks.

Wake Up | 8:04 p.m. Oct. 8, 2008

Hilarious! The Fed, you have no control anymore. The beast you created has no reigns.

Stock Market down another 190 points. More tomorrow. Fun, fun, fun.

America until you wake up and start electing third parties you won't have a chance of re-establishing the Republic!

Chuck Baldwin '08

Earl | 8:09 p.m. Oct. 8, 2008

Dave, you've bought into the myth that deregulation is the source of our problems. The EVIL people in this whole morass are in Washington, D.C. And yes, the free market will regulate itself if the EVIL people in Washington will let it (which, of course, they won't because there's too much money and power in "regulating" the EVIL business leaders). Government's purpose is to provide defense and enforce contracts, not to pick winners and losers in the economy. The less government participates in the business world, the better off we'll all be. By the way, the real source of our problems is the Federal Reserve and the central banking system, aided and abetted by the EVIL congress.

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Fed, central banks cut rates to aid world economy