Fed Cuts Benchmark Rate To Near Zero

The Fed had to set a record to battle the epic Bush failure. We need a zero interest rate to fight a zero President. Not the first time "record new low" and "Bush" end up in the same sentence.

At what point are they just giving money away? Oh wait, that was in Iraq.

"The Federal Reserve entered a new era on Tuesday, setting its benchmark interest rate so low that it will have to reach for new and untested tools in fighting both the recession and downward pressure on consumer prices."

Worst. President. And. Administration. Ever.

Source: NYT