The NY Fed spends $53 billion to rescue the overnight lending market

[machoneman]

2. This is NOT good news. As much as a recession will hurt you-know-who on Election Day....

we and I do mean almost all Americans, will hurt even more. Interesting though is the fact that Trumpyboy may stave off a worse recession if he'd reverse course, drop the China, EU and other tariffs, reverse the Pentagon $ spending, give that cash to the homeless, the poor and middle-class and start up a real infrastructure spending spree. All would immediately pump $ into the system and minimize the effects of the recession.

But, oh no! He and those rascally Republicans think they know better and will resist any and all calls to do the right things. Nope, we'll crash and burn before that ever happens and when it does, they'll blame the libs!

Fools indeed.