Comment Up
The
Federal Reserve decision today to extend the quantitative easing (QE
III) program is a further testimony to the failure of President Obama's
economic policies.
The President's seeming inability to grasp
macroeconomic principles has now resulted in another iteration of
printing money to absorb our financial woes. This means our dollar will
be further devalued, resulting in higher gas and commodity prices for
ALL Americans, with those at lower incomes feeling most of the pain.
And raising taxes to produce $85B/yr in new revenues is nothing more
than a liberal political gimmick. I await President Obama's explanation
to the American people...(could be a long wait). http://tinyurl.com/ayse8am
3 comments:
I'm always sort of amazed when there is NO comment on something as serious as this. The U.S. central bank announced it would keep buying $85 billion of Treasury and mortgage-backed bonds a month until it saw a substantial improvement in the outlook for the labor market. Its balance sheet would increase to almost $4 trillion by the end of next year if it kept up that pace of purchases.
AN NO ONE COMMENTS?
Our money is worthless and all Obama does is spend.
Can't you 51% see a problem?
Steve Ratner economist and a hellavu lot smarter than you are says The Fed is doing exactly what it should be doing.
Ah, an obama former czar. Says a lot.
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