Posted on 07/17/2012 11:01:23 AM PDT by Ernest_at_the_Beach
Sen. Chuck Schumer, D-N.Y., exhorted Federal Reserve Chairman Ben Bernanke to stimulate the economy before November through some form of quantitative easing or other monetary policy, which Bernanke said could create jobs.
“Despite two false starts, we’re having a much rougher time than we ever imagined getting unemployment down,” Schumer told the Senate Banking Committee. “So get to work, Mr. Chairman.” Schumer said Bernanke needed to stimulate the economy because Congress refuses — “maybe after November we will,” he opined.
“We will act in an apolitical, non-partisan manner to do what is necessary for the economy,” Bernanke replied. “We have said we are willing to take further action,” he added, saying “it’s very important that we see sustained improvement in the labor market.”
Before Schumer’s appeal, Bernanke praised the measures that he had previously undertaken to stimulate the economy.
(Excerpt) Read more at washingtonexaminer.com ...
What is he supposes to do, Chuck?? Make interest rates zero? Nobody has any money to buy or invest in anything! And those that do aren’t going to spend or invest after your stupid Dodd/Frank Profit Consfiscation Act.
Desperate Democrats begging Bernanke to save them from their spending and business-killing policies in time for the election. Too late, now. Obama is toast.
This administration put the fear of G&^ in American business owners. NO ONE has any confidence in “O” and no one trusts him.
What is more, all are assured “O” is a thorough going anti-American demagogue... and has sold himself to the enemies of this country.
People with that kind of fear and distrust are hard to move!
“O” peed in their soup… and NOW he wants them to help him get re elected????
Chuck “Git-er-done” Schumer....
Tell Schumerdoobeedoo to visit Barney Fwank - he’ll get all the stimulus he wants.....
Chirman Bernake....DO YOUR JOB.... and stimulate the economy!
Schumer needs a communists voter fraud push putsch before November
Obama is the marxist turd in our nation’s punch bowl.
Make sure the economy isn’t an issue in November, Bernie. Do it now.
Hell Chuck probably likes the prospect of trying to pin it on House Republicans. He knows No-Balls Boner will just cry and that’s all he’ll do about it.
And that's even assuming that those who are paying attention won't say "Ugg, more magic money. That means even more hyperinflation built into the system. Time to prepare for the rough times ahead."
One economic illiterate tells another to implement PLAN H:
That’s the one where Helicopter Ben deploys choppers to every large city and carpet bomb with bales of C notes.
Yeah, that’ll save Obozo’s boney ass alright!
“Sen. Schumer tells Bernanke to stimulate economy before November”
Meaning ..... to stimulate the government connected before November.
Oh, Bernanke will certainly start printing money again, but it’s already too late to help for November. When it’s announced, his QE (what is it V or VI?) will cause the markets to rise for a day, but it takes months for the counterfeit money to make its way into the economy.
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