The Federal Reserve has already pushed short-term interest rates to zero, and it cannot fix the problem of 9.6% unemployment. To do that, Republicans need to repeal Obamacare and its health care mandates, force Obama to lift the drilling moratorium, keep income taxes from rising, move the length of unemployment benefits back to 6 months from 2 years, and take other steps to encourage businesses to hire and people to work.
Even a modest plan to reduce government spending one percent a year would be a move in the right direction. I doubt they can achieve that.
Since I’m not an economist I don’t understand why any devaluation of a currency is desirable.
yah...The phrase “after the November 2nd elections” makes me more nauseous the phrase “unexpected” does. I’m worried sick about how many bills are really coming due after the elections. The Congressional leadership has been deliberately lying and hiding so much from us already, I wonder what we are really facing when Peloski’s Politburo finally shuts down for good.
We have some very good indications about many things facing us, and the Media is still stirring the pot about this “lame duck” session of Congress “after the November 2nd elections”. I think it’s pure hype, and I look for the Dhimmies to do as much damage to the American voters as they can in order to try and make as much of their Socialist agenda permanent as possible before they are run out of town. The Labour Party did exactly that in Britain, and the British taxpayers will be paying for it for decades. We’ll be lucky if we ever pay some of our debt off.