Every rate lowering weakens the dollar, which raises oil prices in dollars.  Which spirals the economy down another rung into the circle of financial hell that bushco hath wrought.  ramping up a whole new round of inflation.

The public anouncement of rate lowering is just insane.  I can't believe financial journalists and Greenspan himself have not battered down the doors of congress to demand Bernanke's  ouster over this.

Not to mention his meeting with hedge fund operators so they could explain the nature of the crisis to him.  This is some sort of mass insanity.  Only the WSJ becoming a foxnews outlet can even begin to explain the silence.

It's like Bernanke is from another planet, just landed, and has never heard of the fed or the US and world economy.