TIME OUT

[mazzie]

Federal Reserve Chairman Ben Bernanke has told lawmakers they should be "considering" another stimulus package. He said a new stimulus plan should be "targeted" and focused on ways to "help improve access to credit by consumers, home buyers, businesses and other borrowers."

Uh, I'm no economist, but isn't that exactly the thinking that got us into this mess in the first place?

Between Bernake and Bush, it's hard to decide who should have a bigger cup of stfu:

During a meeting with business leaders in Louisiana, George Bush said people's attitudes had changed from "near panic" to a "more relaxed" approach.

Play the video. You have to hear him say it. G'head.

"This thaw... it took a while tuhh thaw, it's gonna take a while tuhh un-thaw."

Yeah, okay, Bush wins.

Comments

[mazzie.livejournal.com]

The quote doesn't say anything about discriminating about whom to give more credit to.

[rivothed.livejournal.com]

True, but everyone's already being more cautious. GMAC has already announced that they will not give loans to anyone with a credit score below 700. Not that it's the only thing they should check, but it's a good indicator.