Word: feds
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Dates: during 2000-2009
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...hope is that further rate cuts will stabilize volatile financial markets and accelerate the slowing economy. But as the rate heads toward zero, the Fed is rapidly running out of room for reductions. Not only that, economists and analysts are questioning whether rate cuts produce any bang for the buck under the current extraordinary circumstances...
...Even Republicans who didn't vote for Webb in 2006 are looking at Democrats this year. Karen Krivo, a 41-year-old mother of two who until now never considered voting for a Democrat for any office, is fed up. The high price of gasoline has made commuting the 30 miles into Washington impossible for some, and the housing crisis has glutted the once booming market. "It's a vote against President Bush and the Republican Congress's policies," she says. "I know we need to change, and Barack Obama provides that change...
...plus new Democratic registrations in Mississippi, many of them African Americans inspired by Barack Obama. And the collapse of the GOP brand--a party leader has said that if House Republicans were a dog food, they'd be pulled off the shelves--has gotten Childers some second looks from fed-up voters. Jim Lyons, a Republican whose trucking business is on the brink of failure, said after meeting Childers at a diner in tiny Mathiston that he's done with straight-ticket voting. "People are sick to death of all the incompetence and corruption in Washington," he said...
Easy money was another remedy proposed by Keynes, although he didn't think it alone was enough to end a deep slump. Bernanke's Fed is giving us that too, with short-term interest rates at 1.5% and program after new program to keep cash flowing to banks and businesses...
...more than creative bystanders - and one prominent Republican told me that McCain was "the least creative person in the room at the President's White House meeting. He simply had no ideas. He didn't even have any good questions." Obama had questions for the Treasury Secretary and the Fed chairman, but he was under no illusions: he didn't have the power to influence the final outcome, so it was best to stay calm and not oversell his role. It was an easy call, his natural bias. But, Obama acknowledged, "There are going to be some times where...