Obama ORDERS Bernanke To Buy Him The Election

[Contumacious]

there is so much uncertainty out there with taxes, obamacare that employers aren't hiring. Businesses aren't going to hire until zero is outta there.
And bernaike comes up with this gimmick that he thinks will improve the economy. The guy has no clue.
hey fed chief Employers aren;t hiring because they don't like obama.

48b a month. that is insanity

"No one is surprised by the Fed's action today to inject even more money into the economy through additional asset purchases. The Fed's only solution for every problem is to print more money and provide more liquidity. Mr. Bernanke and Fed governors appear not to understand that our current economic malaise resulted directly because of the excessive credit the Fed already pumped into the system.

"For all of its vaunted policy tools, the Fed now finds itself repeating the same basic action over and over in an attempt to prime the economy with more debt and credit. But this latest decision to provide more quantitative easing will only prolong our economic stagnation, corrupt market signals, and encourage even more misallocation and malinvestment of resources. Rather than stimulating a real recovery by focusing on a strong dollar and market interest rates, the Fed's announcement today shows a disastrous detachment from reality on the part of our central bank. Any further quantitative easing from the Fed, in whatever form, will only make our next economic crash that much more serious."

Dr Ron Paul

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[LordBrownTrout]

The Fed should have acted much sooner.

Uhh....they have, numerous times in the last 3 years....and it didnt work. Its not real growth. Wall Street loves that quick heroin fix but it quickly goes away.

 

[edthecynic]

Obama ORDERS Bernanke To Buy Him The Election

A perfect example of the complete stupidity of CON$ervoFascists. If Obama actually had the power to "ORDER" the Fed to do anything, he would have done it at least 6 months ago!!!

 

[jillian]

Fed makes aggressive move to juice U.S. economy

"The Federal Reserve said Thursday that it will deploy a third, multi-billion-dollar bond-buying program, and pledged to keep its benchmark interest rate near zero until at least mid-2015, extending its previous guidance by half a year.

In a statement, the Fed’s policy committee said new monetary stimulus is necessary because the economy isn’t growing fast enough to lower the unemployment rate. Both measures announced Thursday should put downward pressure on interest rates. The hope is that will be enough to coax businesses and households to spend and invest, generating demand that could lead to new jobs."


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Maybe he did it to protect the Republican Party. There will most likely be an economic meltdown during the next term regardless of who is president. If this move helps Obama get re-elected, the Republicans will have a lock on the 2016 election if they choose a good candidate..

"if they choose a good candidate" being the operative words.

but not if hillary runs. now a jeb bush v hillary clinton race would at least be interesting and give us two smart people....

the question is: will the radicals in the GOP decide that mitt lost (assuming a loss) b/c he wasn't far enough to the right and wasn't nasty enough (as rush implies) or will they acknowledge he's just a really awful candidate.... kind of like kerry and gore were.

 

[JakeStarkey]

Until the toxic mortgages are resolved (and that only through selling them at values and rates buyers or re--fiers can afford), this economy will remain sick. This program, which Romney will support regardless of what he says, should have been implemented at least twelve months ago.

 

[Contumacious]

The Fed Board should be incarcerated for this theft of our money. How dare they make our money worth less.

Prices are going to skyrocket in the next few months.

Origins of the Federal Reserve
by Murray N. Rothbard



The Federal Reserve Act of December 23, 1913, was part and parcel of the wave of Progressive legislation on local, state, and federal levels of government that began about 1900. Progressivism was a bipartisan movement that, in the course of the first two decades of the 20th century, transformed the American economy and society from one of roughly laissez-faire to one of centralized statism.

The financial elites of this country, notably the Morgan, Rockefeller, and Kuhn, Loeb interests, were responsible for putting through the Federal Reserve System as a governmentally created and sanctioned cartel device to enable the nation's banks to inflate the money supply in a coordinated fashion, without suffering quick retribution from depositors or noteholders demanding cash."

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[Contumacious]

Really? I didn't see that anywhere in the article.

"In a statement, the Fed’s policy committee said new monetary stimulus is necessary because the economy isn’t growing fast enough to lower the unemployment rate."
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Usually Republicans try to hide the fact that they are rooting for a bad economy. You don't think the UE rate is too high? You don't think the Fed should be concerned about high UE?

The DEMOPUBLICANS mismanagement causes a bad economy.

Bill Clinton's unsustainable housing boom and Bush's decision to cut taxes and increase spending substantially worsen a poor economy.


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[Contumacious]

The Fed Board should be incarcerated for this theft of our money. How dare they make our money worth less.

Prices are going to skyrocket in the next few months.

about a trillion or so dollars worth of a recessionary gap with 8% unemployment at the moment, and you're worried about....

Inflation?

It takes anywhere from 12 to 18 months AFTER Bernanke begins pumping the counterfeit currency before inflation surfaces - by then Obama would have been re-elected and nobody will give a shit.

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[peach174]

Bernanke needs to be fired just like Romney said.
He just screwed us royally.
He keeps devaluing our dollar and now gas, utilities and food are going to skyrocket.
We are going to have a lot of our poor who are going to freeze to death this winter.

 

[dschere]

Take a look at gasoline prices:

http://stockcharts.com/h-sc/ui?s=UGA&p=D&b=5&g=0&id=p78461860786

I think Bernanke just sealed the fate of the President. National pump price > 5$ a gallon come election day.

You can't print gasoline, silver and gold Ben,

 

[dschere]

Bernanke needs to be fired just like Romney said.
He just screwed us royally.
He keeps devaluing our dollar and now gas, utilities and food are going to skyrocket.
We are going to have a lot of our poor who are going to freeze to death this winter.

And what Goldman Sachs shill will he replace him with?

Sorry ... I'm penciling in Ron Paul come November.

 

[8537]

The Fed Board should be incarcerated for this theft of our money. How dare they make our money worth less.

Prices are going to skyrocket in the next few months.

about a trillion or so dollars worth of a recessionary gap with 8% unemployment at the moment, and you're worried about....

Inflation?

It takes anywhere from 12 to 18 months AFTER Bernanke begins pumping the counterfeit currency before inflation surfaces - by then Obama would have been re-elected and nobody will give a shit.

.

The Fed first started purchasing MBS's in November of 2008. Four years later the inflation rate is at historic lows.

 

[8537]

Bernanke needs to be fired just like Romney said.
He just screwed us royally.
He keeps devaluing our dollar and now gas, utilities and food are going to skyrocket.
We are going to have a lot of our poor who are going to freeze to death this winter.

Please explain how taking MBS's off the books of banks will cause prices to skyrocket. It's simply a tool to improve the ability of banks to lend.

 

[TakeAStepBack]

the executive branch has no control over the federal reserve board or its chairman.

Bernanke is acting based on his mandate. He actually believes that more cheap money will stimulate the economy and that buying MBS, will some how work out well. He's wrong of course as he has been since the beginning of this crisis. What he will inevitably accomplish is creating the condiditons for an even bigger economic and financial mess in the future. Probably a lot sooner than anyone believes.

On a positive note, gold prices are going to go through the roof. If you haven't gotten in yet, I'd do it right now.

 

[Truthmatters]

can you explain why world markets are now surging due to the annoucnment?


You people on the right have been bought and sold.

You believe in opposite world.

 

[TakeAStepBack]

the stock market always rallies over cheap money to gamble with, moron. It will wear off next week after the bets have been placed.

 

[tyroneweaver]

lack of energy policy has driven recent pump prices. but from here on out it will be this cockamamie fund chairman. Any time you drive the dollar down goods become more expensive.

 

[OohPooPahDoo]

Fed makes aggressive move to juice U.S. economy

"The Federal Reserve said Thursday that it will deploy a third, multi-billion-dollar bond-buying program, and pledged to keep its benchmark interest rate near zero until at least mid-2015, extending its previous guidance by half a year.

In a statement, the Fed’s policy committee said new monetary stimulus is necessary because the economy isn’t growing fast enough to lower the unemployment rate. Both measures announced Thursday should put downward pressure on interest rates. The hope is that will be enough to coax businesses and households to spend and invest, generating demand that could lead to new jobs."


.

I'm sorry you want the economy to fail.

 

[TakeAStepBack]

Jeezus, you went full retard today, heh?

These policies caused the crisis in teh first place and will compound on them yet again. It floors me that people dont realize what is being done to their wealth through these programs.

But someone that can't distinguish between violent anarchists and libertarians is certainly not going to grasp monetary policy.

 

[Truthmatters]

lack of energy policy has driven recent pump prices. but from here on out it will be this cockamamie fund chairman. Any time you drive the dollar down goods become more expensive.

Dear fucking idiot,


some inflation is going to happen when this economy recovers wether the fed helps it along or not.


jesus these people are crazy