Posted on 11/13/2013 5:58:23 AM PST by sr4402
"I can only say: I'm sorry, America," he wrote. "The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time."
(Excerpt) Read more at cnbc.com ...
And now Wall Street is holding Odumbass hostage by threatening to blow the market apart every time they hint at STOPPING QE3
“former Federal Reserve official Andrew Huszar”
just for the record.
Remember how CNBC and their “experts” told us that the UK’s austerity was such a failure, and the radical Keynsians in Obamaville were so smart to have spent trillions of Chinese dollars to “stimulate” our economy?
As of this morning, London is eating Wall Street’s lunch, the UK’s economy is definitely recovering nicely, and their unemployment rate has “unexpectedly” declined more rapidly than forecasted. Meanwhile, we are floundering in every area of our economy except for the Fed’s funny money factory that keeps churning out shrinking dollars to prop up the Wall St. leeches.
I expect Occupy Wall St to be all over this very soon...../s
QE will continue because the politicians know inflating the money supply will tick voters off less than the other two options—cutting spending, or default. It also has the added benefit of not requiring them do anything. It’s always easier to get people to do nothing than do something.
I have yet to see some ex-govt employee with some sob story about how sorry they are for bad decisions, decline their pension as an act of contrition.
What? What? Someone’s telling the truth? OMG...
And anger over continuing bailouts of Wall Street could result in the most dramatic leftward shift in our politics ever.
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