Washington DC - Today Fed Chief Ben Bernanke lowered interest rates by 3/4% after admitting that the economy had been on steroids and GDP Growth Hormone since early 2005.
In his tearful testimony before Congress (see photo) he admitted that "there was just no way that anyone could have hoped to compete for Alan Greenspan's position without a little 'extra' help." He further claimed that "all the Fed Chiefs were doing it" and that it started with just a little added liquidity here and there, "but after a while it became hard to stop... which made the withdrawal pains of raising rates over the last couple of years extremely painful."
