Should The Fed Lower the Rate Again

Federal Reserve bank should not lower interest rates, in fact they should raise rates. We need a stable value for our US dollar against other world currencies. People should dump the house that they cannot afford to own, dump the gas guzzling SUV with the house and find a good running economical used car and take good care of it. Don't go out to eat often, rather cook economical meals and soups, stews at home. As my father use to say to me. "When times are tough for you and your family, grab the bull by the horns and fix the problem. Don't wait helplessly for a handout"

You're right... The Fed should never have lowered rates in the first place. We needed a housing correction after the hysteria of, "My home is going to increase 30% a year FOREVER!" And, the associated increase of equity lines of credit.

Now, it's simply too late. Our nation has become a credit junkie - We're hooked and can't get off the stuff. All the Fed can do is try and keep providing the fix.

We are now a nation of debtors. Enviros have stifled energy production and agriculture and raised the cost of everything from paint to autos. Business has out sourced our jobs...Paid their CEO's obscene salaries and bonuses while cutting their employees wages and benefits. Our borders are open and business loves cheap labor and politicians love to whore after their votes.

We're gonna need a pretty big shovel to dig ourselves out of this one and I just don't think that we, as a nation, can, any longer, muster the will necessary for the job.

With the latest news from the fed, they dropped the rate to 2.25%- will the Fed have any "wiggle room" after this last cut?