Feds Pump Billions into Economy to Support Trickle (Something) Bushonomics
August 11, 2007
On Friday, August 10, 2007, the Feds pumped billions into temporary reserves, following a similar move the day before, as reported by Jeannine Aversa, AP Economics writer.
About the only thing that hasn’t backfired (yet) for Bush is his laissez faire economic policy. Bush needs one more year of steady economic growth and he’s desperate to not see this go into the tank as well.
The only problem - economies that spend and cut taxes while waging an expensive war, eventually bust (recall the 80’s followed by the early 90’s). Who knows just how much more pumping in this current bull market can take.
