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The Fed believes that holding interest rates low fosters business growth, hiring, and bank lending?
So why isn't that happening? .... by holding interest rates low, the Fed encourages not hiring, but rather corporate investment in software and hardware solutions that enable companies to get rid of workers.
Why hire someone at increasing minimum wages, and increasing costs of medical care, when you can borrow money for next to nothing and invest in solutions that require fewer workers?
Read more... on the Decline in Wages at Mish's Global Economic Trend Analysis.
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Obama is following the scrip given to him ( and every other president before him and everyone that will follow him too ) by the world bankers that own everything including every country .
All governments of all country's are agents of the world bankers
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