I agree - but gridlock will be good like it was in the 1990s. We don't even have a budget!
Both parties serve one master and untill that head gets cut off I don't see much changing. ($1332)
Its a race to the bottom.
NEW YORK (CNNMoney.com) -- The Bank of Japan lowered its key interest rate Tuesday to virtually 0%, citing concerns about the pace of the economic recovery.
While the reduction was slight -- the rate was cut to a range between 0% and 0.1% from 0.1% -- the Bank of Japan said it was necessary to launch a "comprehensive monetary easing policy," due to the slowdown in the pace of Japan's recovery.
As part of its efforts to boost the economy, the central bank also said it would purchase $60 billion (¥5 trillion) of government bonds and other assets.
In its policy statement, the Bank of Japan cited concerns about heightened uncertainty in the United States and the appreciation of its currency -- the yen, whose strength has hurt exports recently. Last month, the Japanese government said it would intervene in the currency market, buying up dollars to try and rein in the yen's record run.
