Posted on 11/12/2010 5:10:16 AM PST by maggief
The Federal Reserve’s decision to pump $600 billion into the economy has further politicized the central bank and brought it into conflict with resurgent House Republicans.
The attacks and counter-attacks have further complicated life for Ben Bernanke, the Federal Reserve’s chairman who narrowly won a second term earlier this year after a tough Senate debate.
Bernanke was appointed by Republican President George W. Bush, but he appears to have few friends in a House Republican conference that views him with suspicion.
(Excerpt) Read more at thehill.com ...
Bush should never have appointed him.
About damn time. After a little more love is gone, maybe they could think about bringing criminal charges, like perjury before Congress (a felony). “The Fed will NOT monetize the debt.”
Does this mean that the Donkeys actually approve of his stupidity? Or do even they know the truth and won't admit it?
That seems more like a broken promise than an absolute lie. But we may get the best of Ron Paul if he is sicked on the Fed but not a player in foreign policy, etc..
Bernake needs to be arrested and tried for treason.
$$$$ raining on Obama ping!
Would you switch your vote from broken promise to outright lie, if the Fed was monetizing the debt, and he knew it at the time he said it?
I’d guess it wouldn’t be a prosecutable lie unless he had at that point taken action or known of action that would have secured that outcome. In a common sense, however, sure, it could have been an intended lie.
Chairman Barney Frank,,,,,well, Barney brought down Fannie and Freddie, why not stand up and be counted when these actions could bring down the whole USA......
The focus on Germany Brazil Japan and China may well
be out of place.
Why?
Because the US is getting support for it from Singapore UK Canadians and Australia support QE2.
Its understandable that the Canadians and Australia would support QE2 because the inflation it causes first hits raw materials of which both are major exporters. So QE2 will jack up their income considerably.
Its not so clear why the UK and Singapore are supporters
of QE2.
Finally it should also be noted in the two way trade between
China and the US much of what the US exports to china is
natural resources. So QE2 will result in these products
all being jacked up in price.
Bernanke is actively crashing the American dollar and our economy. Who the hell is pulling this guy’s strings?
The mid-term election victory for the conservatives is what prompts this exceleration in attempts to deliberately bankrupt America and destroy the private sector economy by the socialist, marxist Obama Administration.
Geraldo Rivera tax cut compromise this morning; Raise taxes on those earning $1 million annually from 36% to 39.5%. This will bring in $200 billion, on paper.
Can he be this stupid?
Doing this will disincentivize economic growth. Actually lowering taxes which spurs economic growth cause tax revenues to increase. (my face is blue)
The government does not have a revenue problem, the government has a spending problem. Increasing revenue will not help anyway! THEY WILL JUST SPEND THE INCREASE! (head banging on wall now)
Of course the FOX and friends said none of this.
Goldmaan Sach, Commodity brokers
Investigate, indict, incarcerate! Rule of Law, US Constitution, things like that...
Key Dems-no-more offered defenses for loser Obama and the failed Fed. “We applaud the Fed’s action and are especially encouraged by its clear signal that it stands ready to do more,” House Financial Services Chairman-on-the-skids Barney Frank (D-Mass.) and defanged Ways and Means Chairman Sander Levin (D-Mich) said in a joint statement.
Yawn----still bitterly clinging to their failed financial finagling.
Won't the miserable Dem suckers ever learn? They had it all, and blew it.....thanks to loser Obama, and stupid policies like these.
Banana Ben is working with obama/soros to finish off the dollar so they can create a global currency. We need to bring back public hangings!
“Bush should never have appointed him.”
Or Hank Paulson. Both are progressive tools and fools.
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