Fed Reserve condemned for daring to seek job growth

Federal Reserve Board Chairman Ben Bernanke today announced another round of quantitative easing, the technical term for injecting more capital into the economy to lower interest rates and encourage growth.

The decision was widely expected, and before it was announced Republican members of Congress were already condemning it as a politically motivated effort to help the re-election bid of Barack Obama.

As The Hill reports:

“It really is interesting that it is happening right now before an election,” said Rep. Raul Labrador (R-Idaho). “It is going to sow some growth in the economy, and the Obama administration is going to claim credit.”

“I am shocked, just shocked, that politics are going on in this city!” Rep. Tom McClintock (R-Calif.) said sarcastically.

“They are the ones who always say they want to remain independent. So they should consider, just how independent are they when they come out, only 50 days before the election, with this?” said Rep. Scott Garrett (R-N.J.).

The Fed has taken similar action twice before, in part to offset the refusal by Congress to inject more money into the economy through stimulus. “The Committee is concerned that, without further policy accommodation, economic growth might not be strong enough to generate sustained improvement in labor market conditions,” the official announcement read.

The reaction of GOP members of Congress is revealing, isn’t it?  They acknowledge that the move is likely to put more Americans into jobs. But they nonetheless oppose it, condemning it as politically motivated, because they fear those steps might help President Obama.

Avoiding the second outcome is more important than achieving the first. Such is the state of patriotism.

– Jay Bookman

736 comments Add your comment

M

September 13th, 2012
4:09 pm

Buncha savages in that town.

Fred ™

September 13th, 2012
4:09 pm

We have to go bankrupt if the alternative is crediting Obama.

Paul

September 13th, 2012
4:12 pm

Not only is it “if Obama is for it, I’m against it” now we must add “if an agency takes any action that could in some way be perceived as being helpful to the president, I’m against it.”

State of patriotism?

Is ‘no patriotism’ a state?

Fred ™

September 13th, 2012
4:13 pm

I already refinanced once. Right now I can get a 15 year fixed for 2.75. How much lower will it go and should I do it?

Gotta split.

Kamchak ~ Thug from the Steppes

September 13th, 2012
4:14 pm

The reaction of GOP members of Congress is revealing, isn’t it? They acknowledge that the move is likely to put more Americans into jobs. But they nonetheless oppose it, condemning it as politically motivated, because they fear those steps might help President Obama.

Avoiding the second outcome is more important than achieving the first. Such is the state of patriotism.

“[T]he single most important thing we want to achieve is for President Obama to be a one-term President.”
–Mitch McConnell

Cutty

September 13th, 2012
4:15 pm

Keep Up the Good Fight!

September 13th, 2012
4:16 pm

GOP is gonna have to work on that talking point: “We are against the creation of jobs by the Fed or anybody else.”

Peadawg

September 13th, 2012
4:16 pm

“Avoiding the second outcome is more important than achieving the first.”

Which is sad.

Jay

September 13th, 2012
4:18 pm

“GOP is gonna have to work on that talking point: “We are against the creation of jobs by the Fed or anybody else.”

Because trying to create jobs is, well, you know, “political”.

Jm

September 13th, 2012
4:18 pm

Forget the politics

I think it’s bad policy

Stimulative effect will be minimal

But inflationary impact won’t be

When we have 5 or 10% inflation (and stagflation as we’ll probably still be stuck in neutral), we will regret this

josef

September 13th, 2012
4:19 pm

New sheets? Boring…oh, well,,,maybe somebody will say something nasty and I can be a reactionary…

ByteMe - Got ilk?

September 13th, 2012
4:20 pm

“It really is interesting that it is happening right now before an election,” said Rep. Raul Labrador (R-Idaho). “It is going to sow some growth in the economy, and the Obama administration is going to claim credit.”

Not only will the administration claim credit, so will Republican politicians while simultaneously criticizing the move. They are craven.

BTW, I’m also against this move. It delays the inevitable instability, which makes the instability that much bigger. Kind of like an avalanche… the longer it goes untriggered, the bigger it can get. We need a little instability after nearly 3 solid years of growth. But it’s fine if they wait until after the election, that’s just politics.

godless heathen

September 13th, 2012
4:20 pm

Lower interest rates? Can they go any lower?

Jay

September 13th, 2012
4:20 pm

“maybe somebody will say something nasty and I can be a reactionary…

I like your odds.

Jm

September 13th, 2012
4:21 pm

The best stimulus we could have: deficit reduction legislation

So people could have confidence that we aren’t blowing our currency to oblivion like we are now

Of course, Obama punted his own deficit commission into oblivion, so we’re screwed

Peadawg

September 13th, 2012
4:22 pm

“The best stimulus we could have: deficit reduction legislation”

And how is cutting taxes, which your boy Romney wants to do, going to help achieve that?

ByteMe - Got ilk?

September 13th, 2012
4:22 pm

But inflationary impact won’t be

As someone very smart said: “You better hope it’s inflationary, given where we are today.” Basically, deflation is worse.

Regnad Kcin

September 13th, 2012
4:22 pm

“Of course, Obama punted his own deficit commission into oblivion, so we’re screwed”

Congress can pass a bill any time, JM.

Tundra Dude

September 13th, 2012
4:23 pm

Jay Bookman
Fed Reserve condemned for daring to seek job growth

There’s no need for more QE.
Just elect the Cayman Islands rep, we’ll have 12 million jobs…guaranteed!

ByteMe - Got ilk?

September 13th, 2012
4:23 pm

Lower interest rates? Can they go any lower?

The target for the 10-year bond is 1%. Still a little ways to go. Of course, they won’t tell you this is the target, but their policies are all geared toward that.

DannyX

September 13th, 2012
4:23 pm

In other economic news…

Oil prices went up 1.1% today because of unrest in the mid east. “We’re ecstatic about it,” said one prominent Republican politician. “Mid east unrest and high oil prices are campaign magic for Mitt Romney, we’re really hoping to see gas prices skyrocket, we would like to see them go up to $5 a gallon right before the election.”

Murph

September 13th, 2012
4:24 pm

So in other words JM…we should have some more tax cuts, right? Because we alll know that tax cuts alone will lower the deficit.

Jay

September 13th, 2012
4:24 pm

You can certainly make an argument — I’d disagree with it, but you could make it — that this is bad policy. But opposing it because it might help Obama and because it’s “political” is just dumb.

And cynical.

godless heathen

September 13th, 2012
4:24 pm

hey josef: I can’t participate much in these macro-economic discussions, not something I know much about. But that doesn’t stop some of the posters here, does it?

josef

September 13th, 2012
4:24 pm

IMAM

Okay, I’ll start…I’m the first to admit that I don’t know sh*t from shinola about this topic and it has been my experience previously when such is posted that it brings out the most boring side of many of us regulars as they try to act like they do.. :-)

Murph

September 13th, 2012
4:25 pm

Aw shoot. Peadawg beat me to it.

Jm

September 13th, 2012
4:26 pm

M 4:09

Quoting “Clerks” on a blog such as this possibly brilliant

Or insane. Hard to say.

Marty Huggins'

September 13th, 2012
4:26 pm

Well this will help some rich get richer.

Should help wall street a lot!
Main street not so much.

You think printed money may cause inflation?
How is more expensive goods going to help main street.

Guess they can take out a loan at a low rate so a rich banker can get richer!

ByteMe - Got ilk?

September 13th, 2012
4:26 pm

You can certainly make an argument — I’d disagree with it, but you could make it — that this is bad policy.

The argument would be that the more government tries to manipulate markets for political gain, the less efficient they are at wringing out excesses.

Keep Up the Good Fight!

September 13th, 2012
4:26 pm

Nasty? Here, why I don’t even think my distant relative up there in the family tree, the great General Sherman, could say or do anything that would be considered nasty or reactionary on this blog. Even the deserved burning of Atlanta would not flame as much as some commentary. [There ya go josef.. :lol: Oh and by the way, with all this inflation, Sherman will be on the new $25,000 bill. ;) ]

Towncrier

September 13th, 2012
4:26 pm

“But they nonetheless oppose it, condemning it as politically motivated, because they fear those steps might help President Obama.”

Here’s a question for you Jay – would you honestly assert that Obama or Democrats have not played politics or accused others of doing the same? Would you honestly say Democrats have never made false charges about Republican motivations? And thirdly, have you called them out when they have done so?

josef

September 13th, 2012
4:27 pm

All’s I know about the Federal Reserve is that the Senator who came up with it had to give up his Cherokee nationality to run for the Senate since he wasn’t considered a citizen and therefore couldn’t run for public office. He said on record later that it was the biggest mistake he ever made but allowed in private as to how the white man deserved it… :-)

josef

September 13th, 2012
4:28 pm

GOOD FIGHT

Let’s go Indian… :-)

King of Wishful Thinking

September 13th, 2012
4:28 pm

Can’t you understand that it’s our patriotic duty to make sure that only the job creators should create jobs?

pogo

September 13th, 2012
4:28 pm

Bernanke is trying to save his own sorry ass by more deficit buying. Romney has already said Bernanke is GONE if he is elected. QE1 and QE2 didn’t work and QE3 won’t either. What a loser.

East Lake Ira

September 13th, 2012
4:29 pm

Moderate inflation would be a good thing in my book.

Jm

September 13th, 2012
4:29 pm

“Congress can pass a bill any time, JM.”

Unless the prez will sign it, it is also pointless. But, you know, other than that minor issue, you have a point.

They BOTH suck

September 13th, 2012
4:29 pm

josef @ 4:24

That probably goes for a good many topic discussed on this blog

hahahaha

:-)

ByteMe - Got ilk?

September 13th, 2012
4:30 pm

Unless the prez will sign it, it is also pointless

Has Obama vetoed anything yet?

King of Wishful Thinking

September 13th, 2012
4:31 pm

“The decision was widely expected, and before it was announced Republican members of Congress were already condemning it as a politically motivated effort to help the re-election bid of Barack Obama.”
Whiners! That’s fair game like the birth certificate. All is fair in love and politics.

Jm

September 13th, 2012
4:32 pm

“And how is cutting taxes, which your boy Romney wants to do, going to help achieve that?”

For not the last time: ROMNEY HAS SAID HIS TAX REFORM WILL NOT REDUCE TAX REVENUE BECAUSE HE WILL OFFSET RATE REDUCTIONS WITH DEDUCTION REDUCTIONS

DannyX

September 13th, 2012
4:32 pm

“Moderate inflation would be a good thing in my book.”

I agree. Not WIN button inflation, but moderate inflation does have some advantages.

nelson

September 13th, 2012
4:32 pm

The money coming from borrowed funds from an already $16,000,000,000,000 deficit? The money just keeps coming, after the election would not be good enough, before the election when it can have the most influence on the voters. Could it get any more down and dirty?

Towncrier

September 13th, 2012
4:32 pm

Well..got to go, guys. A thought just occurred to me and I will share it with you before I go. This blog, and others like it, are similar to a mosh pit ;-)

Jay

September 13th, 2012
4:33 pm

Crier, if you’d like to offer an example of the Democrats behaving in similar fashion, I’ll tell you what I think of it. But i would argue strongly that what we’re seeing from the Republicans in the Obama era is qualitatively different from anything I’ve seen in my lifetime, from Democrats or Republicans.

Romney’s attack on the Libya situation before the bodies of fallen Americans had even cooled is just one example. 10 years ago, Nobody, Republican or Democrat, would have dared to react in such a partisan fashion so soon.

This is another such example.

Kamchak ~ Thug from the Steppes

September 13th, 2012
4:33 pm

For not the last time:

Not intended to be a factual statement.

Keep Up the Good Fight!

September 13th, 2012
4:33 pm

Why sure josef….

Boehner is going to cry more about this Fed action than that chief standing by the side of the road having trash thrown on him. ;)

Custer showed your momma the Little Big Horn ;)

That’ll get your boa in a bundle. :lol:

0311/8541/5811/1811/1801

September 13th, 2012
4:33 pm

1) “Republican members of Congress were already condemning it as a politically motivated effort to help the re-election bid of Barack Obama.”

Kind of like all of Jay’s threads.

2) “Avoiding the second outcome is more important than achieving the first. Such is the state of patriotism.”

Assuming that were to be correct, a few jobs sacrificed in the “short term” is worth getting rid of the insanity now in the White House ………… and YES …… that is the defenition of true patriotism.

That’s why our forefathers were willing to give up not just JOBS but their lives, fortunes and sacred honor to create something that Obama is trying to destroy !

Kamchak ~ Thug from the Steppes

September 13th, 2012
4:34 pm

Well..got to go, guys.

Toodles.

:razz: :eek: :lol: :razz: :eek: :lol:

josef

September 13th, 2012
4:34 pm

BOTH

Well, Jay says we should at least try to comment on the topic posted…so, I did…that’s all I know about the Federal Reserve and economics…I can’t even say anything pompous…but I thought I might as well go ahead and get the race card played… :-)

You libs

September 13th, 2012
4:35 pm

Look, the reason I’ve had so much presence on this forum for a few days is that for the first time in two decades I have been bitten by the flu bug. Bit me hard, too. I know this might be the fever talking, but what if the fed did this to help the American people?

I know it’s crazy talk, I said I was sick.

Regnad Kcin

September 13th, 2012
4:35 pm

Jm

September 13th, 2012
4:29 pm
“Congress can pass a bill any time, JM.”

Unless the prez will sign it, it is also pointless. But, you know, other than that minor issue, you have a point.

+++++++++++++++++++++

Did he say he wouldn’t sign it?

0311/8541/5811/1811/1801

September 13th, 2012
4:35 pm

“Romney’s attack on the Libya situation before the bodies of fallen Americans had even cooled is just one example. This is another.”

Someone please roll the video of Hillary screaming (I mean litterally screaming) about Bush’s policies while Americans were dying overseas.

Aces & 8's

September 13th, 2012
4:35 pm

” the technical term for injecting more capital into the economy”

In other words, pushing pixels on a computer screen or printing more fake money we don’t have and devaluing the US Dollar.

It’s kinda like taking top shelf bourbon, pouring a 1 oz shot and then pouring the shot into a pitcher of water. You still have 1oz of top shelf bourbon, but it’s power to intoxicate you just isn’t there.

DebbieDoRight - A DoRight Woman

September 13th, 2012
4:35 pm

Jay: The reaction of GOP members of Congress is revealing, isn’t it? They acknowledge that the move is likely to put more Americans into jobs. But they nonetheless oppose it, condemning it as politically motivated, because they fear those steps might help President Obama.

Avoiding the second outcome is more important than achieving the first. Such is the state of patriotism.

The last republican patriot was Eisenhower. The rest are just chickenhawks who love war and blood, but hate to be the one doing the bleeding.

Keep Up the Good Fight!

September 13th, 2012
4:37 pm

Well see, now stopping Obama is on par with the Founding Fathers starting a revolution. Why it a patriotic duty to stop the man duly elected by the people of this country even if it kills us.

josef

September 13th, 2012
4:37 pm

“Romney’s attack on the Libya situation before the bodies of fallen Americans had even cooled is just one example. 10 years ago, Nobody, Republican or Democrat, would have dared to react in such a partisan fashion so soon.”

Now THAT one I do have some opinions on. As I said downstairs, do you really want that man with his finger on the red button?

**********

Good fight…

:-)

Kamchak ~ Thug from the Steppes

September 13th, 2012
4:37 pm

Logical Dude

September 13th, 2012
4:37 pm

Jay says: The Fed has taken similar action twice before, in part to offset the refusal by Congress to inject more money into the economy through stimulus.

Wait, you mean if Congress did their job, they wouldn’t have the Fed making them look bad?

I don’t think that will inspire them to actually do their job, but it’s amazing to watch the poutrage from those who didn’t do their jobs complaining about someone who will do what they were supposed to.

Alas, Not much surprises me anymore, even though it should. It’s hard for me to get mad at the government, when I would be mad all the time (shout out to Bruce Banner).

0311/8541/5811/1811/1801

September 13th, 2012
4:38 pm

If you are a member you can actually listen to Hillary’s screaming rant !

“HILLARY 2003 (screeching): I am sick and tired of people who say that if you debate and you disagree with this administration, somehow you’re not patriotic, and we should stand up and say, “WE ARE AMERICANS AND WE HAVE A RIGHT TO DEBATE AND DISAGREE WITH ANY ADMINISTRATION!”

http://www.rushlimbaugh.com/daily/2012/09/13/flashback_hillary_screech_on_dissent

ByteMe - Got ilk?

September 13th, 2012
4:38 pm

printing more fake money we don’t have and devaluing the US Dollar.

Well, if we had it, we wouldn’t need to print it, that’s just silly.

But, yes, this devalues the dollar, continuing a long-standing goal of our government. They won’t admit it, but it’s been their policies for years to have a weak dollar to improve exports.

Stonethrower

September 13th, 2012
4:38 pm

Interest rates will remain low until 2015 but who can afford to borrow? Them that have that’s who. The same people who are reaping the results of the 200 point jump in the stock market. The price for a barrel of oil also goes up which means the price at the pump will follow shortly. I feel a bad one coming on.

Jay

September 13th, 2012
4:38 pm

I don’t believe that’s true, Debbie. I think a lot of Republicans are good, decent, honorable people. But they’ve allowed their party to be hijacked by those peddling fear, suspicion and paranoia.

ByteMe - Got ilk?

September 13th, 2012
4:39 pm

But they’ve allowed their party to be hijacked by those peddling fear, suspicion and paranoia.

And in other current events news, “Man Lands On the Moon!”

ByteMe - Got ilk?

September 13th, 2012
4:40 pm

… or did that come later?

0311/8541/5811/1811/1801

September 13th, 2012
4:41 pm

Well ………… here she is if you can stand it !!!!

http://www.youtube.com/watch?v=NJxmpTMGhU0 (2003)

East Cobb RINO, Inc. (LLC)

September 13th, 2012
4:41 pm

“Avoiding the second outcome is more important than achieving the first.”
***********************

Mitch McConnell is on record as saying the #1 GOP priority is making sure Obama is a 1 term president. And there does not appear to be a #2, #3, #4, #5, #6, #7, #8………………………..

Granny Godzilla - Union Thugette

September 13th, 2012
4:41 pm

Thanks Ben….

I think that since the JOBS JOBS JOBS GOP failed so miserably
and so close to the first anniversary of them stonewalling
the jobs act – that having the FED do it’s job is a very good thing.
.
.
.
Oh and I see some arrests have been made in Libya and more bad guys are currently being watched….

josef

September 13th, 2012
4:41 pm

DDR, BIG DADDY

Gerald Ford comes to mind.

Towncrier

September 13th, 2012
4:41 pm

“Crier, if you’d like to offer an example of the Democrats behaving in similar fashion, I’ll tell you what I think of it.”

I shouldn’t have to as it is patently obvious they have. But I will keep that in mind for the future.

“But i would argue strongly that what we’re seeing from the Republicans in the Obama era is qualitatively different from anything I’ve seen in my lifetime, from Democrats or Republicans.”

And I would argue that your feeling is more perceptual than factual. Example: many liberals like to suppose that the opposition to Obama is racial (rather than ideological) and they label conservative as bigots. But, hypocritically, liberals tried very hard to paint both GWB and RR as kind of “stupid” (which they obviously were not) – which is it’s own kind of “bigotry” (if we are going to use that word). And they did a LOT to besmirch the image and character of both men. If you don’t agree, then I think you are suffering from a form of selective amnesia.

Okay…out for real now.

You libs

September 13th, 2012
4:41 pm

Debbie

I thought Bush I was a decent man and a pretty good president.

DebbieDoRight - A DoRight Woman

September 13th, 2012
4:42 pm

Boring…oh, well,,,maybe somebody will say something nasty and I can be a reactionary…

Here ya go josef:

I’m as pure as the driven slush.

or

I’ll come and make love to you at five o’clock. If I’m late start without me.

—Tallulah Bankhead

Is that dirty and nasty enough for ya josef? Or do I call you Ms. Jackson if i’m nasty? :)

Keep Up the Good Fight!

September 13th, 2012
4:42 pm

Jay, you keep making comments like your 4:38 and some of these posters might even consider renewing their AJC delivery. ;) Now if you could scream it a little like Beck, it would make them sign up faster.

0311/8541/5811/1811/1801

September 13th, 2012
4:42 pm

“I think a lot of Republicans are good, decent, honorable people. But they’ve allowed their party to be hijacked by those peddling fear, suspicion and paranoia.”

I think a lot of Democrats are good, decent, honorable people. But they’ve allowed their party to be hijacked by those peddling socialism, class warfare and hatred.

josef

September 13th, 2012
4:42 pm

GRANNY

“Oh and I see some arrests have been made in Libya and more bad guys are currently being watched”

Do tell…I’m just getting home and catching up…

0311/8541/5811/1811/1801

September 13th, 2012
4:43 pm

How about that Hillary rant ………. hey, libs. ??

http://www.youtube.com/watch?v=NJxmpTMGhU0 (2003)

Jefferson

September 13th, 2012
4:43 pm

Only a bonehead will say its not working.

Steve Shamrock

September 13th, 2012
4:44 pm

Hey Jay…

Why wasn’t this done before? Unemployment has been over 8.0% for almost 4 years…the right is questioning the timing.

Don’t be naive.

josef

September 13th, 2012
4:44 pm

DDR

:-) Wouldn’t you love to be at a party with Tallulah, Ms Jackson and Mae West?

0311/8541/5811/1811/1801

September 13th, 2012
4:44 pm

Any updates on MARTA ?

Joseph

September 13th, 2012
4:44 pm

Fed reserve condemned for wanting to piss away more of our tax money… That should be your headline Jaybird….

Keep Up the Good Fight!

September 13th, 2012
4:44 pm

Glad Senior Digits confirmed his fear, suspicion and paranioa for us.

Mr_B

September 13th, 2012
4:44 pm

Why just the other day a friend of mine was standing behind Ben Bernanke in line at Whole Foods and………..

DebbieDoRight - A DoRight Woman

September 13th, 2012
4:45 pm

I don’t believe that’s true, Debbie. I think a lot of Republicans are good, decent, honorable people. But they’ve allowed their party to be hijacked by those peddling fear, suspicion and paranoia.

Uh huh. What’s the saying again?

“The only thing necessary for the triumph of evil is for good men to do nothing.”

Looks like a lot of those “good” republicans are doing “nothing” with a smile.

Jefferson

September 13th, 2012
4:45 pm

Joseph is full

Brosephus™

September 13th, 2012
4:45 pm

The reaction of GOP members of Congress is revealing, isn’t it?

Nope, not to me. What part of single term president do you not understand? That is the primary and single motivation of the GOP right now. They could give a sh*t less about the country as evident by the “Keystone Kops” campaign style that Romney’s displaying.

—————

ROMNEY HAS SAID HIS TAX REFORM WILL NOT REDUCE TAX REVENUE BECAUSE HE WILL OFFSET RATE REDUCTIONS WITH DEDUCTION REDUCTIONS

Until he says which deductions he’ll get rid of, his plan is as flaccid as his campaign.

Bernie

September 13th, 2012
4:46 pm

The Republicans are against anything that will help the American economy recover from the work of their Hands.

Kamchak ~ Thug from the Steppes

September 13th, 2012
4:46 pm

josef

September 13th, 2012
4:47 pm

Jefferson

Is Joseph (ph) here? What’s he full of… :-)

Paul

September 13th, 2012
4:47 pm

“a few jobs sacrificed in the “short term” is worth getting rid of the insanity now in the White House ………… and YES …… that is the defenition of true patriotism. ”

Then let’s get rid of those jobs that are staffed by people whose job it is to pay Scout’s government pension. Then Scout can be unemployed and count himself as a true patriot!

DebbieDoRight - A DoRight Woman

September 13th, 2012
4:48 pm

josef: Wouldn’t you love to be at a party with Tallulah, Ms Jackson and Mae West?

Don’t forget Gypsy Rose and Bessie Smith! The TALES we could tell after a night out with those women!

Jm

September 13th, 2012
4:48 pm

Did Reagan criticize Carter for the Iran fiasco? Yep.

Election year politics. Foreign policy not excluded.

Our money supply will have tripled.

Everything you own is worth only 1/3 what it used to be.

Thulsa Doom

September 13th, 2012
4:48 pm

“The reaction of GOP members of Congress is revealing, isn’t it? They acknowledge that the move is likely to put more Americans into jobs. But they nonetheless oppose it, condemning it as politically motivated, because they fear those steps might help President Obama.”

Seriously Jay??? You really think that this one move is going to ramp up the economy in little more than a month and a half and bring millions of people into jobs in the next fifty something days- all the while ruining an imaginary GOP plan to keep unemployment high in order to oust Obama? That’s just plain crazy.

Mr_B

September 13th, 2012
4:48 pm

“Why wasn’t this done before? Unemployment has been over 8.0% for almost 4 years…the right is questioning the timing.”

Uh, it has been done before. Twice. The Fed is trying to do something about jobs again because the House still thinks that putting the word “jobs” in an anti-abortion bill actually does some good.

pogo

September 13th, 2012
4:49 pm

And just remember, Islam is a religion of peace. Yea right. There is no way to negotiate with the Islamic fanatics that make up the middle-east.

Of course I can understand why they would burn Obama in effigy. In 2009 Obama made his speeches over there about how America was horrible and about how the atrocities we had committed against them would no longer be tolerated under his admininstration. Well, as with everything Obama has ever said, he did nothing but let the sore continue to fester because those pesky “details” were too much for him and his goofy main advisor Vallerie Jarrett and his materialistic wife Michelle. Obama thinks that if he makes a proclamation about something that just the act of his making the statement should magically make it happen. Such is his inflated ego. Obama is a self-deluded, pseudo-intellectual megalomaniac who should never have been elected to any office beyond a Chicago precinct, much less president of the US.

Ewrin's cat

September 13th, 2012
4:49 pm

Where is it said that more QE will create jobs?

0311/8541/5811/1811/1801

September 13th, 2012
4:50 pm

http://www.youtube.com/watch?v=NJxmpTMGhU0

When I here that, I do feel sorry for Bill …………. just a little bit.

0311/8541/5811/1811/1801

September 13th, 2012
4:50 pm

Excuse me: “hear” that

teacher

September 13th, 2012
4:51 pm

QE3 is great for the banks….like it or not buy BAC and C and make 20% by the end of next yr when they raise divs

Jay

September 13th, 2012
4:51 pm

“Seriously Jay??? You really think that this one move is going to ramp up the economy in little more than a month and a half and bring millions of people into jobs in the next fifty something days- all the while ruining an imaginary GOP plan to keep unemployment high in order to oust Obama? That’s just plain crazy.

Don’t tell me, Thulsa. Tell those Republican congressmen. They’re the ones who seem frightened by that prospect.