$600 Billion More Fed Assistance

[Jermyn Davidson]

To help the market recover.


With all the money that has been pumped into the "economy", I wonder again when things really start looking up for everyone and not just for the corporations, will the GOP take the credit?


Of course they will-- it's politics!

Politicians don't have to be fair or right-- just believable.

[Digging4Truth]

There is no credit to be had.

The infusion will put off the inevitable crash that is coming and make it worse when it finally gets here.

[sandie]

This is occuring under Obama's administration while both houses still remain under dem control.

When this comes back to bite (and it will, though I pray it doesn't), hopefully the "credit" will land squarely in the laps of every liberal politician.

Maybe there will be enough of America left to put back together with common sense free market principles.

[Praxeas]

Originally Posted by Jermyn Davidson

To help the market recover.


With all the money that has been pumped into the "economy", I wonder again when things really start looking up for everyone and not just for the corporations, will the GOP take the credit?


Of course they will-- it's politics!

Politicians don't have to be fair or right-- just believable.

What market? What market needs to recover? housing? How is this going to fix the housing market and return houses to all those that got forclosed on?

No politician should take credit. The only thing they need to do is fix the stupid rules that allowed this mess in the first place, like Clinton's "a house for everyone" rule and some lax investment regulations.

We did not need "sweeping reforms", nor did we need a government to become part owners in corporations and tell them how to run their business or to go trillions into debt.

"The Market" is resilient and corrects itself

[coadie]

The Fed left open the possibility of doing more if growth and inflation don't perk up in the months ahead. The $75 billion a month in new purchases of Treasury debt come on top of $35 billion a month the Fed is expected to spend to replace mortgage bonds in its portfolio that are being retired.

The fed is buying bonds to lower base interest rates. JD has no clue what it meants when he started this thread. The only other thing we see here is devaluation of the dollar.

[sandie]

Originally Posted by coadie

The fed is buying bonds to lower base interest rates. JD has no clue what it meants when he started this thread. The only other thing we see here is devaluation of the dollar.

Isn't inflation next?

Maybe that'll wake up JD and those who think like he does. He may just get his wish and be paying $5 a pint for strawberries.

[coadie]

Originally Posted by sandie

Isn't inflation next?

Maybe that'll wake up JD and those who think like he does. He may just get his wish and be paying $5 a pint for strawberries.

Ooops. JD doesn't know that food and energy costs are no longer expressed in the consumer price index.

We do have a lot of inflation reported and hidden. We also have inflation that is just around the corner and ready to accelerate.

[deacon blues]

I didn't know this thread had started. Read the WSJ I copird and pasted on the "Inflation is Not Far Away" thread.

[coadie]

Originally Posted by deacon blues

I didn't know this thread had started. Read the WSJ I copird and pasted on the "Inflation is Not Far Away" thread.

Inflation is a killer for folks on fixed incomes, food stamps, welfare and social security.

Inflation leads to booming interest rates to check inflation and that will mean the interest on the fresh 5 trillion in budget deficit debt will be hundered of billions.