[Clintonfatigued]

Bush should never have appointed him.

[coloradan]

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.”

[Lysandru]

So are they saying that Benanke's decisions are only controversial with the GOP?

Does this mean that the Donkeys actually approve of his stupidity? Or do even they know the truth and won't admit it?

[sickoflibs]

RE :”Rep. Paul Ryan, the incoming Budget Committee Chairman, called the Fed’s recent decision to buy $600 billion in long-term Treasuries to boost employment a “mistake” that will lead to higher inflation. Rep. Cathy McMorris Rodgers (R-Wash.), a member of the GOP leadership, has compared the Fed’s action to the 2009 economic stimulus package that was unanimously opposed by the House GOP conference. Sarah Palin, a possible GOP presidential candidate in 2012, has also blasted the move.
President Obama and key congressional Democrats have offered defenses for the Fed’s decision.
“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 Barney Frank (D-Mass.) and Ways and Means Chairman Sander Levin (D-Mich.) said in a joint statement this week. ”

$$$$ raining on Obama ping!

[radioone]

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......

[ckilmer]

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.

[reaganator]

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.

[brushcop]

Investigate, indict, incarcerate! Rule of Law, US Constitution, things like that...