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Fed says economy needs $600B bond-purchase program
Yahoo ^ | 1/26/2011 | Staff

Posted on 01/26/2011 1:58:27 PM PST by FromLori

he economy isn't growing fast enough to lower unemployment and still needs the benefit of the Federal Reserve's $600 billion Treasury bond-purchase program.

That was the assessment Wednesday of Fed policymakers as they ended their first meeting of the year. The Fed made no changes to the program, and the decision was unanimous.

The decision came from a new lineup of voting members that includes two officials who have criticized the bond purchases. They have said the purchases could eventually ignite inflation or speculative buying in assets like stocks.

The bond-buying program is intended to lower rates on loans and boost stock prices, spurring more spending and invigorating the economy.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: debt; economy; fed; pomo; stocks; toobigtoofail
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LIAR LIAR BERNANKE'S PANTS ON FIRE!
1 posted on 01/26/2011 1:58:30 PM PST by FromLori
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To: FromLori
Total Arse-Wang.

Are we allowed to say "Arse-Wang" on this site? Well, I guess I'll find out.

2 posted on 01/26/2011 2:06:49 PM PST by agere_contra (Historically every time the Left has 'expanded its moral imagination' the results have been horrific)
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To: FromLori
Here is how the FED executes

POMO

Let Dave fill y'all in on the details
3 posted on 01/26/2011 2:07:38 PM PST by Fred (Suspend All Immigration Until Unemployment is Reduced to 5%)
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To: agere_contra

Actually, labor market conditions are deteriorating, and the FOMC is lying through its teeth.

http://market-ticker.org/akcs-www?post=178336


4 posted on 01/26/2011 2:11:43 PM PST by FromLori (FromLori">)
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To: FromLori

I propose National Spring Broke week. The government will acknowledge they are broke and out of OPM. Otherwise we will end up with QE 214 in a year or so. They will not stop unless they are stopped. The jig is up baby.


5 posted on 01/26/2011 2:12:18 PM PST by screaminsunshine (Surfers Rule)
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To: FromLori

>> The bond-buying program is intended to lower rates on loans and boost stock prices, spurring more spending and invigorating the economy.

What a flimsy lie.

The “snake eating its tail” routine is designed for one purpose only: to thwart the market forces that would raise the interest rate on the massive Federal debt.


6 posted on 01/26/2011 2:12:44 PM PST by Nervous Tick (Trust in God, but row away from the rocks!)
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To: FromLori
The bond-buying program is intended to lower rates on loans and boost stock prices, spurring more spending and invigorating the economy.

The banks aren't lending this money anyway: they're borrowing it at low low rates and selling it back to the Government.

And BOOSTING STOCK PRICES is a RETARDED REASON. It DOESN'T INVIGORATE ANYTHING.

7 posted on 01/26/2011 2:13:19 PM PST by agere_contra (Historically every time the Left has 'expanded its moral imagination' the results have been horrific)
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To: FromLori

Should stimulate the wheelbarrow industry - as people will need one to go to the store to buy bread.


8 posted on 01/26/2011 2:15:07 PM PST by 2 Kool 2 Be 4-Gotten
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To: FromLori
The bond-buying program is intended to lower rates on loans...

And it absolutely f***s anyone who is counting on interest-income from savings.

9 posted on 01/26/2011 2:16:09 PM PST by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: FromLori

To invigorate the economy:

* CUT TAXES.
* CUT REGULATION
* CUT LEGAL VULNERABILITY
* CUT ARBITRARY GOVERNMENT
* PROTECT PROPERTY

* DO NOT GIVE MONEY TO BANKERS.

That is all. Thank you.

Sorry for all the yelling, but these people tick me off.


10 posted on 01/26/2011 2:18:40 PM PST by agere_contra (Historically every time the Left has 'expanded its moral imagination' the results have been horrific)
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To: DuncanWaring

How about what it does to food and energy prices UP UP UP


11 posted on 01/26/2011 2:20:50 PM PST by FromLori (FromLori">)
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To: agere_contra

Just breaking the bourgeoisie on the millstones of taxation and inflation - just as Lenin told us to do.


12 posted on 01/26/2011 2:21:28 PM PST by 2 Kool 2 Be 4-Gotten
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To: 2 Kool 2 Be 4-Gotten
Well said. Here's a well-known and chilling anecdote about his successor, much to the same point.

When Josef Stalin was on his deathbed he called in two likely successors, to test which one of the two had a better knack for ruling the country.

He ordered two birds to be brought in and presented one bird to each of the two candidates.

The first one grabbed the bird, but was so afraid that the bird could free himself from his grip and fly away that he squeezed his hand very hard, and when he opened his palm, the bird was dead.

Seeing the disapproving look on Stalin's face and being afraid to repeat his rival's mistake, the second candidate loosened his grip so much that the bird freed himself and flew away.

Stalin looked at both of them scornfully. "Bring me a bird!" he ordered.

They did.

Stalin took the bird by its legs and slowly, one by one, he plucked all the feathers from the bird's little body.

Then he opened his palm. The bird was laying there naked, shivering, helpless.

Stalin looked at him, smiled gently and said, "You see... and he is even thankful for the human warmth coming out of my palm."

13 posted on 01/26/2011 2:28:45 PM PST by agere_contra (Historically every time the Left has 'expanded its moral imagination' the results have been horrific)
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To: agere_contra

Totally believable - those people were monsters - a fact of which 99% of people are ignorant today.


14 posted on 01/26/2011 2:37:58 PM PST by 2 Kool 2 Be 4-Gotten
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To: Bullish; CJ Wolf; houeto; Quix; B4Ranch; Whenifhow; Silentgypsy; blam; FromLori; Lurker; ...
Drill-larger-holes-in-the-hull-to-let-the-water-out ping.

"Economic Holocaust" ping.

Increasing volume ping list watching the slow motion Economic Holocaust.

FReepmail me if you want on or off
The Comedian's "Economic Holocaust" ping list...


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

15 posted on 01/26/2011 2:44:32 PM PST by The Comedian (Obama is just the cherry on top of the $hit sundae of fraud the democrats have become.)
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To: The Comedian

LOL, very succinct.


16 posted on 01/26/2011 2:48:12 PM PST by agere_contra (Historically every time the Left has 'expanded its moral imagination' the results have been horrific)
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To: agere_contra
Wasn't that sung by Wang Chung? “Everybody Arse-Wang Tonight.”
17 posted on 01/26/2011 2:57:36 PM PST by JPG (Work for conservative change like your country depended on it.)
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To: agere_contra
(Shudder)

Man, that was grim. Where did you get that story? I would love to have an original source to quote.

(Love your screen name.)

18 posted on 01/26/2011 3:00:03 PM PST by Aevery_Freeman (Fear God and Government - especially when one tries to become the other!)
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To: JPG
Nah, the Village People did it. (do it?)
19 posted on 01/26/2011 3:02:19 PM PST by Aevery_Freeman (Fear God and Government - especially when one tries to become the other!)
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To: agere_contra

Was this a true anecdote about Stalin?


20 posted on 01/26/2011 3:03:29 PM PST by RinaseaofDs (Does beheading qualify as 'breaking my back', in the Jeffersonian sense of the expression?)
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