The Fed - as in Federal Reserve - has pretty much exhausted its resources.
Yeah - it's really cheap to borrow these days.
BUT - who's rushing to the bank to borrow?
Businesses - big & small - are hoarding cash.
Why expand when there's no demand for your product or service?
The national debt?
Folks are now rushing to buy U.S. Treasury notes at record-low interest rates!!!
The U.S., with record-low interest rates, is being denominated as the best bet in town!
Tell me again: why can't we spend Government $$$ to increase employment?
Stop the madness!!!
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Why not? Because the Republicans, having spent like drunken Shriners at a convention for 8 years, are suddenly discovering a "deficit" and using it as a talking point to continue blocking progress. And you have complicit Blue Dogs like Ben Nelson obediently trotting behind.
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