"Bernanke: Fed ready to cut interest rates again." 'We stand ready to take substantive additional action,' Fed chief says.

That which caused the problem is supposed to solve it? Propping up the numbers on the stock exchanges with a weaker, less valuable dollar? Making foreign investments less attractive?

Obviously not. What it is designed to do is to put off the reckoning as long as possible, leaving the next administration in an even bigger mess.

Frankly, it's exactly like Iraq and Afghanistan. (By the way, does anyone think that the American people would have supported those wars had they been told the truth by the administration, that they would be mismanaged to the point of creating quagmires and gutting the US military? I doubt it, myself.)

Arf