Senator Shelby on the Fiscal Stimulus Bill
The headline of this AP story is that Ben Bernanke testified that the economic outlook has worsened and that we should expect more interest rate cuts from the Federal Reserve. But I want to give a tip of the hat to Senator Richard Shelby (R-Alabama) for this analogy:
Sen. Richard Shelby, R-Ala., though, believed the energizing impact of the rebates would be “negligible” and likened it to “pouring a glass of water into the ocean.”
In other words, Little Bang for the Buck!