Oil falls below $56 as Japan slips into recession
My single greatest fear at the moment is that the 110th Congress will rush to pass some hare-brained new "rescue" package.
I've no principled objection to Government spending as a valid response to current mess... it's the verb "rush" that terrifies me.
They tried this about two months ago. Other than committing a ton of $$$ ("ton" = $700Bn), that effort accomplished nothing.
Let's not be too hasty to get another costly, ineffective package passed.
Have a nice day.
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