Online posters ask whether a half-point can save the economy.
On this first day of spring, when the Federal Reserve met to cut interest rates again, a Net-wide reassessment of Fed chairman Alan Greenspan, and his role in the current economic downturn, was in full blossom. But with the economy faltering and the markets unraveling, that reputation has taken a tarnishing lately, and many say deservedly so. The aforementioned tarnishing was in full force at the Free Republic, half-point cut be damned. I'm not sure he ever had it to begin with. He began squeezing the money supply back in 1994 and almost put the economy back into recession.