Republicans Band-aid On The Economy

It was reported today in the WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke told Congress Thursday that the country's economic outlook has deteriorated and signaled that the central bank is ready to keep on lowering a key interest rate -- as needed -- to shore things up.' In fact it was also reported that "The outlook for the economy has worsened in recent months, and the downside risks to growth have increased," Bernanke said. "To date, the largest economic effects of the financial turmoil appear to have been on the housing market, which, as you know, has deteriorated significantly over the past two years or so." Actually Bernanke is being a bit too relunctant to give all the facts regarding the lowering the interest rate.--

Let me see now, at the end of 2001 Republicans did discuss and quickly lowered the interest rate in time to save the figures from showing a negative in the quarter or even a negative on the year of 2001 regarding the economy when the 2002 report of the 2001 economy stats came out. During 2001 High Tech jobs started leaving the country but in 2002 we found out why it was 'Government Financial Incentives.' More high tech and other American jobs continued to leave the country. In late 2003 the Republicans discussed the lowing of the interest rate and by 2004 another drop of interest rate did occur. An Interest rate cut did happen in September of 2007 and then again in January 2008. Now in February 2008 the Republican Economic experts are talking Interest rate reduction again.

How long will it take the Republican Intellect to understand that 'Giving Government Financial Incentives' to Business to send American Jobs overseas to Foreign countries and foreign workers is a very big strain on the American Economy.

"The Working Economy works Only when the people in that Economy are working".