2007-08-17 06:12:11 · 5 answers · asked by Chi Guy 5 in Politics & Government ➔ Politics
The analogy is not completely without merit. Traffic accidents cause much more congestion on the highway from people /looking/ at the aftermath, than does the actual physical blockage created. By directing traffic, police officers can mitigate the disruption caused by people who, though not personally affected by the accident, slow down to stare at it out of curiousity, concern or morbid fascination.
Currently, a segment of the economy is troubled, and the Fed is, indeed, trying to limit the indirect impact it might have on the rest of the economy.
2007-08-17 06:20:31 · answer #1 · answered by B.Kevorkian 7 · 1⤊ 0⤋
Similar. The CHP cannot control the traffic only assist when a problem arises. Or issue tickets when it gets going too fast.
Same with the Fed. The economy booms and wrecks based on the performance of American corporations and the Fed just tries to ease the pain when it crashes and rein it in when it gets going to fast.
Neither the President nor the Fed control the economy.
But that won't stop a President for taking credit :)
2007-08-17 06:20:37 · answer #2 · answered by The Shepherd 2 · 1⤊ 0⤋
The fed aint wall street ,the big battalions have been seelling bad paper since 89
2007-08-17 06:18:14 · answer #3 · answered by joseph m 4 · 0⤊ 0⤋
If you're talking about the Federal Reserve, I wouldn't diss it. It's worked well to prevent another Great Depression.
2007-08-17 06:16:54 · answer #4 · answered by Anonymous · 0⤊ 0⤋
It is starting to become what you state in your example, yes.
2007-08-17 06:16:27 · answer #5 · answered by Ray G 3 · 1⤊ 0⤋