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.
The Federal Reserve does not respond to politics, it’s the other way around.
What if SS checks stopped going out for a month?
Food stamps?
Unemployment?
Disability?
The US government sends out those checks only with THE PERMISSION OF THE LENDER.
Need proof?
Look at your money. Doesn’t say “United States Note”
QE3 is guaranteed.