Posted on 04/24/2011 7:18:47 AM PDT by Al B.
The big question as Chairman Bernanke gets set for his first quarterly press conference is how Sarah Palin was able to figure out sooner than everyone else that the Federal Reserve’s campaign of quantitative easing wouldn’t work. Disappointment in the Fed’s policies is being reported this morning at the top of page one of the New York Times. It reports that “most Americans are not feeling the difference” from the Fed’s “experimental effort to spur a recovery by purchasing vast quantities of federal debt.” It reports that “a broad range of economists say that the disappointing results show the limits of the central bank’s ability to lift the nation from its economic malaise.”
It’s a terrific story, and well-timed, given that on Wednesday Mr. Bernanke will break tradition and meet with the press. It is part of the Fed’s effort to get ahead of what is emerging as a public relations catastrophe, as gasoline is nearing six dollars a gallon at some pumps, the cost of groceries is skyrocketing, and the value of the dollars that Mr. Bernanke’s institution issues as Federal Reserve notes has collapsed to less than a 1,500th of an ounce of gold. Unemployment is still high. Shakespeare couldn’t come up with a better plot. But how in the world did Mrs. Palin, who is supposed to be so thick, manage to figure all this out so far ahead of the New York Times and all the economists it talked to?
She did this back in November in a speech at Phoenix, which the Wall Street Journal, in a laudatory editorial at the time, characterized as zeroing in on the connection between a weak dollar and rising prices for oil and food.
(Excerpt) Read more at nysun.com ...
Thanks for posting that poll - now I know what ti think about Sarah Palin. Too bad such a poll didn’t come out about Reagan - it might have prevented me from foolishly voting for him too! That poll doesn’t mean squat. - less than squat.
Like there was some mystery to this?
The Fed has been the problem for about a century.
>> “seems that compared to the rest of the world the avg american citizen is much better off. A rising tide lifts all boats.” <<
.
That would be the blind man’s view of the situation.
No boats are being lifted, they’re just lowering a cardboard cutout of the horizon.
Fed tampering in the market can only have the result of bringing the market down with the imaginary currency.
Lots of people have figgered this out for themselves, thus the rapidly rising commodities. What happens when toilet paper hits $1508.20 / roll?
.
I was thinking more since the formation of the fed not the last couple of years. Meant more that like any insitution it in and of itself is not bad. It dpends on who is running that insitution that determins if it is bad or good.
She has too many negatives. She can’t win the swing vote. She knows this, therefore, she won’t run.
And again, you know all of this how?
Oh, yeah. Electability. Forgot about that one. A good number of primary voters, including here on this site, are willing to hand the nomination to a guy of whom they have no evidence whatsoever that he’s electable in a general election, because he’s not only never been elected before in his adult life, he’s never run for office before in his adult life. To borrow from “Joe Versus The Volcano”, we not only don’t know whether he can do the job, we don’t even know if he can get the job. So again, if we’re going to rule out Sarah Palin because she’s supposedly unelectable, and then consider Donald Trump as a non-vanity nominee, we’re obviously judging the other candidates on other standards than what we say we are.
Apparentl;y he puts stock into phoney leftist polls like this one? I feel lke I”m reliving 1979 all over again except this time I’m not 18yo.The meida is the sasme the phoney polls are the same...I just hope the lft’s reaction on election night is the same...they too thought Reagan was just some dumb actor.
Apparentl;y he puts stock into phoney leftist polls like this one? I feel lke I”m reliving 1979 all over again except this time I’m not 18yo.The media is the same, the phoney polls are the same...I just hope the left’s reaction on election night is the same...they too thought Reagan was just some dumb actor.
Oh, yeah. And the “she’s not intellectually serious” thing. As I think over the field...I can think of several with advanced degrees. There aren’t that many in the field, even among those with advanced degrees, that I see much evidence that the life of the mind is exactly their big thing. Certainly not among the frontrunners. And again, despite the Wharton degree, Donald Trump? Are you freaking kidding me?
VERY well said!
No thanks. I’d rather she appoint the next Chairman.
You are kidding right? Everyone else ? I am pretty sure I can find opinion articles opposing QE that predate hers as I been posting (anti-)Bernke articles here since late 2008. Schiff, Rogers, Mark Faber were all on top of this before any Republican was. Now maybe she beat the Hannity crowd at this, but they are pretty slow.
I did appreciate her (joining in) being critical of QE. But this is another silly article.
Common sense.
You do know that Saint Sarah is the reincarnation of the Oracle of Delphi, don’t you? :)
Thank’s for making me aware! I believe Sarah Palin will make for an exceptional president for the issue’s facing this nation at this time.
Thanks. I’ll take that as a “No, I don’t know, I’m just assuming what I want to be true to be true.”
Not only does the author appear to believe that, but have you noticed that he has given up on her being POTUS? Yep, she cant be Chairman of Fed and POTUS at the same time.
Can you imagine the Senate having to vote on this ?
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