The AP uses the presumptive word of the year, along with an exclamation point, in its latest headline on the stimulus madness, “$3 trillion! ? Senate, Fed, Treasury attack crisis“:
On a single day filled with staggering sums, the Obama administration, Federal Reserve and Senate attacked the deepening economic crisis Tuesday with actions that could throw as much as $3 trillion more in government and private funds into the fight against frozen credit markets and rising joblessness.
“It’s gone deep. It’s gotten worse,” President Barack Obama said of the recession at a campaign-style appearance in Fort Myers, Fla., where unemployment has reached double digits. “The situation we face could not be more serious.”
If any more emphasis were needed, Wall Street investors sent stocks plunging, objecting that new rescue details from the government were too sparse. The Dow Jones industrials dropped 382 points.
Has it not occurred to anyone that they’re just digging us in deeper? With each new round of stimulus spending, they admit it’s gotten worse ? do they think that’s coincidental? The last time the Fed, the president, and Congress combined for such lunatic responses to a recession, the end result was a depression that might not ever have ended were it not for the outbreak of world war over a decade later.
