There is very little to be done about the US economy.
Any rate DECREASE will be seen as even more reason to flee the dollar... Most of the consumer numbers will be bad for a long time to come... The American consumer has been the punching bag of Wall Street and Washington for years...
Most Americans can't even "qualify" to file bankruptcy under the new bank favored rules that bar anyone making a "living wage" from filing for a Chapter 7 liquidation...rather persons with decent incomes are forced to pay back their debts in a long term recievership called Chapter 13...which is almost the same as being in Debtor's Prison...!
If the Democrats want to free up weak consumers they should immediately "liberalize" the access to Chapter 7 for many high income debtors...because the "debtors prison" approach is taking a lot of consumers out of the market place...and the banks and credit card companies are not exactly hurting...
This is all part of an ongoing program to push risk DOWN TO THE AMERICAN CONSUMER...
AND GUESS WHAT? IT'S WORKING...JUST LOOK AT THE WALMART SALES NUMBERS!
