You Know They're Lying, Their Lips Are Moving; Federal Reserve Edition

Fed Chief Backs Quick Action to Aid Economy. But he says there is no recession looming.

No recession looming, but he is backing a stimulus package, why, exactly? For the last 35 years, the Fed has been absolutely paranoid on the issue of avoiding inflation. The Fed would rather see 15% unemployment and breadlines if the other option was a late `70s round of inflation. But with supposedly no recession, the Fed is just fine with dumping more deficit spending out there?

And you know for damn sure without reading a word that Bush's idea of an economic stimulus package is "More Tax Cuts For the Rich."