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Rumors that the Fed will cut interest rates



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Absolutely not. Wall Street has already been propped up when they should have been left to die and if this rumor is true, the average American will again get shafted. Wall Street asks and asks and asks but remember, when the tables are turned we all know how much they give a damn about everyone else. There is no reason that we ought to push inflation up again because that is what a rate cut will do. We are now all stuck with Wall Street's problems in terms of debt, higher taxes (yes, they are coming) and a stagnant economy once we hit the bottom. The last thing consumers need is higher inflation now that oil prices are finally "lowering" to just under $100. A rate cut will do nothing to stop the dropping real estate prices nor will it help Americans live any easier. It will only help Wall Street, who only helps themselves.

Let Wall Street find their own way out of their self-create problem. Well, self-create with the help of friendly Republicans such as Phil Gramm and John McCain, that is. Let them pay for their own damned bailout and pay for their own damned wars. If the rich want it so badly, create a fund and leave the rest of us out. Enough is enough.


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