More evidence of a sluggish economy

by thoughtfulconservative

Because, you know, no one wants to use the “r” word.

Fed Cuts Key Rate as Stimulus Plan Advances

The Federal Reserve cut short-term interest rates on Wednesday for the second time in eight days, meeting Wall Street hopes for cheaper money. At the same time, the Senate pushed ahead on a $161 billion plan to prop up Main Street with tax rebates and temporary tax cuts.

And then

President Bush pressed Congress to pass an economic rescue package, saying Friday’s labor report marking the end of a 52-month streak of national job growth was another “troubling” sign that the economy is sputtering.


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