TroglocratsRdumb
Diamond Member
- Aug 11, 2017
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Steve Forbes is warning that "making people poor" to solve inflation will result after the Federal Reserve hiked interest rates last week and many economists voiced concern about a possible recession.
Forbs said, "Let's be blunt about it. When they talk about a soft landing or trying to slow the economy down, that means making people poor," he said. Rather than "punish the American economy" with higher interest rates, the Fed should focus its efforts on stabilizing the value of the dollar, he added.
"A big, bad thing is happening. And when heating oil prices come in this winter, when you're paying twice as much as you were before and you have to heat your home, that's going to be a disaster," he said. "So whatever they want to call it, it's not good."
Comment:
The Democratic Party portrays themselves as the guardians of the middle class and the poor.
Well they must really love them, because they screw them every chance that they get.
The truth is that the Dem politicians represent a cabal of greedy corrupt far left elitists.
Forbs said, "Let's be blunt about it. When they talk about a soft landing or trying to slow the economy down, that means making people poor," he said. Rather than "punish the American economy" with higher interest rates, the Fed should focus its efforts on stabilizing the value of the dollar, he added.
"A big, bad thing is happening. And when heating oil prices come in this winter, when you're paying twice as much as you were before and you have to heat your home, that's going to be a disaster," he said. "So whatever they want to call it, it's not good."
MSN
www.msn.com
Comment:
The Democratic Party portrays themselves as the guardians of the middle class and the poor.
Well they must really love them, because they screw them every chance that they get.
The truth is that the Dem politicians represent a cabal of greedy corrupt far left elitists.
