Stopping the Freight Train with a Brick

Bush gabs about an economic stimulus package...soonest it could be implemented is JUNE.
Too little, too late; and some say counterproductive (like the Federal Reserve rate cuts to
be made on Jan 30th).
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Fortune magazine poll of 1000 wage earners says over 3/4 see the handwriting on the wall:

Which of the following best describes the country's economic condition right now?

In an economic recession right now.......................19%
Heading into a recession in the next 12 months...57%
Not in a recession and not heading into one.........19%
No Answer/ Don't Know........................................... 5%

Deef's opinion: Recession Probability CERTAIN - UNDENIABLE - REAL - NOW

Cuts, Wounds that Oil does not salve

Fed rate cut gooses stocks, but does not affect the fundamental flaw in the economy: overspending at ridiculous rates of credit. Oil interests continue doing their share to disservice prosperity by jacking oil up toward $100 per barrel. The oil and banking interests seem bent on "killing the golden-egg-laying goose".

Goosing the Economy (Recession Odds Up)

CNNMoney analysts point out that this current stock rally is mostly euphoria from the rate cut, and (as they put it) "watch out for the hangover". The analysts also note that this euphoria may well extend into consumer behavior for the holidays; which is a better reason for doing it than helping out the homeowners. The "backlash" from this activity may hurt the economy, in the long run.

Deef sez Recession Chances: 55% !