Dear Mr. Bernanke, Dear President Bush, Dear Congress: Please Watch This Commercial

Talking the talk and not walking the walk is about the worst thing that the Fed, the President, or Congress can do.  When you say that rates are going to be lower in the future or say you're going to provide an economic stimulus package, it causes economic activity to freeze until these things actually happen.  Why would anyone borrow money if they know rates are going to be lower in the future.  If you're going to cut rates, do it.  If you're not, let the market know that you're not.  This can all be summarized in the great Royal Bank of Scotland commercial below:

Comments

[House]

If Wall Street had an approval rating poll for the Fed or the government, it would be at about 1% or 2%.

[Ryan]

lol this is classic

[Crawford]

Yeah, great campaign. C'mon November!!!