The Idiocy That the Federal Reserve Can Impact Unemployment By Printing Up Lots of Funny Money and Buying Up Lots of US Treasury and Mortgage Bonds (Making Wall Street Richer in the Process) Continues and One Must Wonder Just How Such Stupid People Got Into Positions of Power in America…..But Then America Is Run By MORONS So This Funny Money Idiocy Does Make Lots of Sense….In Bizarro-Land! – Instead of Continuing Their Quantitative Easing Idiocy They Should…..
One day historians will look back at headlines like this one in the New York Times…
….and understand why the President of the United States was blamed for slow job growth in his 44 th month on the job BUT those historians will wonder how in the world it came to be that otherwise educated people in America came to the conclusion that the….
….could create jobs and help lower unemployment by creating Funny Money from thin air and then buying US Treasuries and Mortgage Backed Securities from large Wall Street Banks that are front-running the Fed and making a Ton of Money in the process which only….
Very Damn Stupid People
….could possibly still believe.
YES, job growth is slowing in America as the US Economy continues to limp along at annual growth rate of around 2 percent per year and the New York Times, President Obama and the Federal Reserve wonder why job growth and the US Economy are growing so slowly?
It’s the Massive Growth of Government which ALWAYS comes with an All-Out and Direct Attack on Business and Entrepreneurs in America with that BIG Government STUPID!
People that are responsible for making public policy in America on the Federal, State and Local levels of government just have no Damn understanding how over burdensome regulations, taxes, fees, laws, and all manner of other things inhibit the creation of new businesses and thus jobs in America and over the past 10 plus years as Government has EXPLODED on all levels Governments in America have literally STOPPED…
Tens of Millions of Jobs being created in America
When you combine that All-Out and Direct Attack on Business by Governments on all levels in America with large American corporations sending jobs overseas and creating jobs in other countries to the tune of Ten Plus Million Jobs since 1990 you end up with the current…
Complete Disaster that is the American Economy
An All-Out and Direct Attack on American Business by Government on all levels in America
Large American Corporations selling out the American People by sending jobs overseas and creating jobs in other countries
…are together CRUSHING the American Middle Class and US Economy and in 2012 the American People get to choose between…
Barack Obama who represents Government and thus the All-Out and Direct Attack that is now being conducted against Business in America
Mitt Romney who represents Large American Corporations who have and are now selling out the American People as they shipped and created Tens of Millions of Jobs overseas.
As we have said here many times….
The American People AGAIN have NO CHOICE in 2012.
Well, we are going to vote for the new guy in Mitt Romney and maybe he will at least end the All-Out and Direct Attack on American Business.
As for the Idiocy of people that think the Federal Reserve creating lots MORE Funny Money so the Fed can purchase US Treasuries and Mortgage Backed Securities which only makes the Wall Street Bastards RICHER and does NOTHING to create demand for new loans in the REAL World….
(Although doing that Funny Money printing does drive up the prices of assets like oil and thus gasoline so Ben Bernanke and his buddies at the Fed can have a nice laugh as they launch another Quantitative Easing program and decimate American Families and American Children for the FIFTH time in the last four years!)
…..we can only wonder when the people that believe that Idiocy will be carried away to the Loony Bin because this is “Quantitative Easing” BS is borderline mentally ill stuff!
Instead of the Federal Reserve launching the FIFTH direct attack on the budgets and finances of American Families what the Fed should do is forget all of this Quantitative Easing nonsense and start doing the hard work of working with banks across America to find out WHY they are not loaning out the $1 Trillion Dollars the Fed has made available to the banks and if the Fed did that they would find the very same thing we have found when talking to our bankers and friends that work in banking:
American Business and Entrepreneurs in America are losing their appetite for taking risks and starting new businesses and literally the Great American Job Machine and US Economy that has powered the American Republic is being broken apart by the two things mentioned above…
Governments on all levels conducting an All-Out and Direct Attack on Business in America
Large American Corporations putting making a few more Bucks ahead of the American Republic as they have shipped and created Tens of Millions of Jobs overseas to make products that they then sell back into America with Massive Profit Margins…..while those products could be made in America with those companies still making Massive Profit Margins.
Will the Federal Reserve try to work with its member banks to come with new and innovative ways to try and light the spark of entrepreneurism and risk-taking in America again OR will Ben Bernanke and his buddies at the Fed just do the same Damn and Sorry thing they have been doing for two decades now which is falsely manipulate the money supply and interest rates to try and stimulate growth when anyone with a working brain can plainly see that interest rates are already low enough and it is past time for the Fed to end their “QE” nonsense and start looking at and talking about the very REAL problems with the US Economy that can only be fixed with someone in a position of power in Washington DC telling the TRUTH to both Government Bureaucrats and American Corporations so they can change course and help instead of stopping from getting the US Economy moving again.