[econjack]

I don't get it. QE1 was, perhaps, necessary to save the banks during the financial crisis. QE2 has done nothing to get money back into real investment. Banks have been going to the window, borrowing at the federal funds rate of near zero, taking those funds and buying Treasuries, and are happy with the relatively riskless differential return. QE3?? All it can hope to do is more of QE2 with no discernible effect on real growth. This is a classical Keynesian Liquidity Trap and fiscal policy of personal and corporate tax cuts are needed, not more gov't spending or tax increases. Come on, Obozo, this isn't rocket science.

[Aevery_Freeman]

You are speaking to an affirmative-action anointed know-nothing - to him this is rocket surgery. He is only able to conceptualize what he was taught as a child - black good, white bad. Beyond that he is devoid of intellect. He is, as you say, dumber than soup.

The "Peter Principle" in black and white.