P!
The illusion of economic growth through inflation. Spend more because the dollar is worth less and voila - economic growth.
Madness.
More monopoly money for the markets to play with.
Insanity. QE1, QE2, and let us try what did not work twice before with QE3. Insanity, or part and parcel of the plan.
Here’s the bad news for Obama: he may not get QE3. I think the Federal Reserve knows Obama is just about “toast” and looks forward to things like regulatory and major income tax reform with a new President, things that will really boost the economy without the consequences of another QE.
50% chance of eventually launching QE3.
Here’s hoping enough Wall Streeters have Bernanke’s ear to keep him from trying to reelect Obama.
They’re like junkies, arms extended in expectation of their next injection of joy juice.
Neither major candidate seems to understand that less government is the answer.
Bush used to have to depend on China to buy this worthless paper.
The Baraqqi/Bernanke/Geithner crew just buys it for ourselves, LOL.
More welfare for Wall St., and our dollar erodes in value as Bernanke’s printing presses keep rolling. The partisan Fed is bailing out Obama, too, before the election.
And it’s done on the backs of the unemployed and those who have saved for their old age and are getting no return on their savings.
This is crony capitalism, Obama style.
I think you're correct. However, the timing has to be perfect for Obama in order to herd up the weak minded between a rising stock market and rising gas prices, as QE3 will cause both.
QE3 is like trying to jump start a dead frog with a car battery. A very old, very dead frog.
I knew they’d find a way - and excuse - to do QE3...