John Aravosis also at Americablog asks a very pertinent question on another part of our economic melt down: the mortgage crisis. That question is simply whether lowering interest rates are the way to address the problem or will it just encourage a renewed growth of what has been a cancerous bubble. He points to the absurdity of the situation. If you don't have good credit lowering the interest rates won't help and, if you don't have good credit, making it easier to get a mortgage may not do you or the economy any great favors. It is an interesting bit of illogic which is all too prevalent in this consumer driven economy.
That's all for this snowy and cold Saturday.