bush tax aid no help imo, page-7

Fortycents, I concur with your analyst. Everyone keeps talking fundamentals, and yet fundamentally what the Americans have done is largly symbolic than practical.

I suspect there is too much political interest against doing the right thing. Would it not have been prudent to regulate real-estate & lending or open the foreign investment floodgate? Lowering interest rates won't make an iota of difference in practical terms.

Bernake is not the tough independant central banker we initially thought he'd be. He stood his ground earlier on, but the heavies must have twisted his arm.