Fed chief tells Congress economic situation is ‘distinctly less favorable’

The Feds are lowering the interest rate again as the economy is "distinctly less favorable.
Let's face it with the economy the way it is, the high cost of food and heating oil and such, is it any wonder that people are holding on tighter to their money?
In my view of it we need to stop importing from other countries and learn to rely on our own people to produce the goods that we currently import. I think we also need to develop alternative sources of energy to end our dependency on foreign oil sources.
What's you view of this?

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Bush calls for $145 billion stimulus package

Federal Reserve Chairman Ben Bernanke entered the stimulus debate Thursday, endorsing the idea of putting money into the hands of those who would spend it quickly and boost the flagging economy.

In other words give money to the ones who need it most so they will run right out and spend it. I don't know about you but this sounds like putting a band-aid on an oozing sore.
Too little too late Bush.

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Bush, Bernanke endorse economic stimulus

WASHINGTON - President Bush and Federal Reserve Chairman Ben Bernanke on Thursday embraced calls for an economic stimulus package to avert recession. Bernanke said such a plan should be aimed at quickly getting cash into the hands of people, especially those with low and moderate incomes.

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Related: Can the government stimulate the economy?

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