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.
“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
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736 comments Add your comment
Jay
September 13th, 2012
5:42 pm
CNN has some pertinent poll data on this, just released.
– Today, 33 percent of likely voters believe the economy is somewhat good or very good. A year ago, it was 10 percent.
– Today, 68 percent of likely voters say the economy will be somewhat good or very good a year from now. In October 2011, that number was 39 percent.
Paul
September 13th, 2012
5:43 pm
Just Proud to Be Here
“before he destroys this country…morally. Just a blogger’s opinion that is every bit as valid as any other.”
Why is that as valid as any other?
What about an opinion that’s based on, you know…. facts?
josef
September 13th, 2012
5:44 pm
Mr B
Gespaltenerzunger Schwanz!
DDR
First off, you can’t cook the beans FAST…
Welcome to the Occupation
September 13th, 2012
5:45 pm
Joking aside though, even as terribly unresponsive as this Fed has been all things considered, they’re downright Bolshevik compared to the European Central Bank.
Moon Mullins
September 13th, 2012
5:45 pm
The GOTP had rather ground the Ship Of State than see it succeed with Obama at the helm.
Jm
September 13th, 2012
5:45 pm
Jay, inflation won’t show up as long as the capacity and labor slack exists
When it goes away though, we will be facing a disaster
Logical Dude
September 13th, 2012
5:46 pm
Jay says: CNN has some pertinent poll data on this, just released.
more polls!
Thomas
September 13th, 2012
5:46 pm
You got your QEIII-
China and Europe (UK as well) looking at more stimulus.
So, if every economy prints money that helps in what way?
Anyway- keep hitting the hookah
Welcome to the Occupation
September 13th, 2012
5:46 pm
The CNN polls are well and good, but somebody ought to explain to these people that there is a gigantic iceberg straight ahead with the word SEQUESTER on it.
DebbieDoRight - A DoRight Woman
September 13th, 2012
5:47 pm
Joe: Ain’t no such thing as good, fast-cooking risotto, and ain’t no such thing as good, fast-cooking RB&R, either.
Yeah, NOW you tell me!
Jm
September 13th, 2012
5:47 pm
Jay 5:42 great evidence to justify the stimulus (sarc)
They BOTH suck
September 13th, 2012
5:49 pm
Jam
One thing to say you are more aligned politically with the guy, but that statement proves gullibility regardless of political ideology.
JamVet
September 13th, 2012
5:49 pm
pogo, you may think all of the stoners were/are slackers, but the reality is anything but.
Tons of VERY successful people in every discipline and occupation have smoked left handed cigarettes, including the governor of California Arnold Schwarzenegger, astronomer Carl Sagan, mayor of New York Michael Bloomberg, billionaire rock star/songwriter Paul McCartney, former Sen. Bill Bradley, (who smoked while playing professional basketball), Supreme Court Justice Clarence Thomas, former Speaker of the House Newt Gingrich and former New York Governor George Pataki among countless others.
This ain’t the 1920’s…
http://www.youtube.com/watch?v=RLJ06WLZ96Y
EJ Moosa
September 13th, 2012
5:51 pm
“Does it matter what I think of the Fed’s actions? Does the Fed answer to me or care what I think? If I try really really hard, can I have any influence whatsoever on what the Fed does, if I understood this topic with enough depth to comment intelligently?”
Educate yourself on this “private” bank, which it is not even know who owns it.
I do think when you dive into what the Fed has been attempting to do, and what the costs will be down the road, you will begin to understand why so many are clamoring for A) an audit of the Fed, and B) elimination of the dual(and often contradictory mandates) that the Fed has been given by Congress.
Everything the Fed does affects the future purchasing power of your dollars. It also affects the future value of what what your retirement dollars will one day purchase.
It’s a lot better to raise questions today than to look back 20 years from now and say “We should have been asking more questions”.
And there are many folks profiting from taking investment actions that will insulate you from the Fed’s malfeasance.
I suggest reading some of Peter Schiff’s recent books. You do not have to agree with him completely to realize that there is a great deal of truth in what he writes about the Fed. And he is not the only one with this view.
They BOTH suck
September 13th, 2012
5:51 pm
http://www.youtube.com/watch?v=Na25s0F-jeg
DebbieDoRight - A DoRight Woman
September 13th, 2012
5:52 pm
josef: First off, you can’t cook the beans FAST…
Yeah, well, in my defense…………ummm………….how was i supposed to know that?!?
I mean, seriously, that’s why I put them in the fast cooker (pressure cooker); so that they’d cook fast.
Duh!
//sarc//
Paul
September 13th, 2012
5:53 pm
DDR
Next time you can do a shortcut, put them in a pot, cover with water (couple inches above top of beans) bring to boil and let sit for an hour.
And what Joe Hussein Mama said about risotto – no kidding. First time at that I was doing a mushroom risotto – took about an hour and a half – didn’t rush a thing (recipe said 20 minutes or some such nonsense) but the patience was definitely worth it!
Uh-oh…. epic fail…. talking to DDR about patience….
Thulsa Doom
September 13th, 2012
5:55 pm
Jay,
Read further on the Fed’s goals. You will read a helluva lot more about price stability then you will about max employment. Reason being is that max employment is best served long term by promoting pricing stability. What the Fed did was go after a short term goal of more unemployment. And that goal of short term higher employment comes at a cost. It comes in the cost of inflation, penalizes savers.
As CJ’s own post points out price stability as a precondition maximizes long term economic output and employment. Funny how he did not notice that.
“Although price stability can help achieve maximum sustainable output
growth and employment over the longer run, in the short run some tension can exist between the two goals”- Federal reserve
In other words we chose a short term goal at the expense of the long term.
One other thing that is ancillary to this argument. The FMOC tradionally does not like holding non treasury assets. I just heard on the news that the FMOC had bought 2 trillion of mortgage backed securities and if I heard it correctly is purchasing more agency securities. They would like to be rid of agency securities and go back to treasury only securities. Something about morale hazard. But what are they doing? Buying more agency securities if I heard that right. Not good by their own standards.
EJ Moosa
September 13th, 2012
5:57 pm
I thought we were talking tax receipts Bookman.
But if you want to address spending let’s do so. Because there are two parts to the deficit equation.
And for the record. I never voted for Bush. I did not support his spending across the board, and was vehemently against the minimum wage increases AND Medicare D.
But you should ask any math major. They will affirm that 10% of 16 billion is more than 10% of 13 billion.
It’s the spending that has been the issue for decades. We haven’t much to show for it. And that crosses multiple administrations.
josef
September 13th, 2012
5:58 pm
DDR
I’ll tell you a little secret…you can take canned (yes, canned!) red beans and start with them…smash about a 1/4 cup and put back in the pot..cook with some andouille, add some V8, a little chopped (not diced) onion, garlic to taste…the longer it simmers the better…not quite the same as starting from soaking scratch, but not bad as you get your feet wet in how to…
Get Real
September 13th, 2012
5:59 pm
Jay…relax, as soon as your pal Obama is shown the door in November this listing ship will right itself within one year….
Joe Hussein Mama
September 13th, 2012
5:59 pm
D. DoRight — “Yeah, NOW you tell me!”
The texture of good RB&R should tell you that; soft, tender beans don’t get that way when fast-cooked. Even Wikipedia knows it:
http://en.wikipedia.org/wiki/Red_beans_and_rice
My wife makes a version of the moros y cristianos dish mentioned in the Wiki piece, but hers is more like what’s discussed in the Spanish version:
http://es.wikipedia.org/wiki/Moros_y_cristianos_(gastronom%C3%ADa)
It’s supposed to be white rice and black beans (black beans = Moors and white rice = Christians), but she prefers to use yellow rice instead. And instead of pork or sausage on the side, she shreds roasted pork and lets it simmer in the pot with the beans and rice for about a half hour before serving.
BTW, I would LOVE to have those plates pictured in the Spanish Wiki entry for my dinner.
markie mark
September 13th, 2012
6:00 pm
And that style of patriotism is so one-sided, isn’t it Jay…all the same, I do not think it does anything but expose us to inflationary times ahead…….shill on, my friend, shill on…
Granny Godzilla
September 13th, 2012
6:00 pm
What the GOP faithful decry here today, the money folks are loving.
I love American politics.
Bernie
September 13th, 2012
6:00 pm
Proof they “BUILT’ it……..
“So I analyzed that and decided I didn’t want to be the president during a depression greater than the Great Depression, or the beginning of a depression greater than the Great Depression.” –George W. Bush, Washington D.C., Dec. 18, 2008.
Matti
September 13th, 2012
6:00 pm
EJ Moosa,
Thank you for your response. I have a heavy-duty econ expert in my family, to whom I occasionally toss such questions. I try to keep up, but am lost w/in five minutes.
I think too many people squawk about things they know little about, and that clouds the debate. Since I don’t really understand this topic, I will keep my comments to the part I do understand: My GOP Congressman and his colleagues come out publicly against anything that’s good for America if it’s in any way tied to our current President or might potentially reflect well upon him. As such, it’s hard to know if something really IS bad, or if they just want me to think it is.
Thulsa Doom
September 13th, 2012
6:01 pm
EJ Moosa,
Well said. Bottom line is that there are economic consequences further down the road to the short term goal that the Fed is now pursuing. And those consequences are the “unseen” vs the seen part of what’s going on here.
DebbieDoRight - A DoRight Woman
September 13th, 2012
6:01 pm
The adoration that was annointed upon Obama in 2008 (as is still happening) by his fawning press did him a grave disservice.
I see this sentiment a LOT from cons. Its like you guys were incredibly jealous, (See Gingrich), of Obama’s popularity.
Emmanuel quickly found out that Vallerie was an idiot. So did Daley. And both were gone in short order. Obama only wants people around him that will stoke his ego no matter how stupid their suggestion. To Obama, it is all about Obama and the nation does not matter.
Sometimes, just sometimes, i wonder if cons live in an alternate universe.
Joe Hussein Mama
September 13th, 2012
6:02 pm
I’m out; all be well and drive safely.
Matti
September 13th, 2012
6:02 pm
DAGNABBIT, y’all! Jetz habe ich Hunger!
Where can I get me some RB&R on the way home from the office?
Kamchak ~ Thug from the Steppes
September 13th, 2012
6:04 pm
I suggest reading some of Peter Schiff’s recent books.
Can’t I just drive red hot railroad spikes through my eyes instead?
Mama Says
September 13th, 2012
6:05 pm
God Bless you cute little libs.
You are so cute when you apply your double standards. You haven’t said a word about Harry just out right lying about Romneys taxes yet you are outraged that any republican would express the very idea you support. You never were offended by the constant Bush beating and it surely dosent upset you that King Harry will not let one republican House approved bill see the lights of the inter confines of the Senate yet you are just astounded that republicans would dare hurt the country just for politics.
Fact is republicans have been critical of monetary easing ever since it started now all of a sudden it’s news to ya’ll.
I don’t think it’s political to do it but I think your outrage is completely fake and phony.
If you care about the country make King Harry allow a republican bill on the senate floor. Surely just one could just maybe help the situation.
Get Real
September 13th, 2012
6:05 pm
Debbie Girl….it is the liberals that Live in an alternate universe; I believe it is called Libby Land where unicorns abound, candy canes for everyone and everything is free…..that’s the best part….
Oscar
September 13th, 2012
6:06 pm
Bottom line is that there are economic consequences further down the road to the short term goal that the Fed is now pursuing.
______|
The economic consequences of not doing a QE are much worse than the consequences of doing it. We all live in the short term. We all die in the long term.
Difference of opinion on economic policy.
Paul
September 13th, 2012
6:07 pm
I’ve a granddaughter’s birthday dinner to attend.
Pleasant evening, all -
skydog
September 13th, 2012
6:07 pm
Pogo = Refer Madness
http://www.youtube.com/watch?v=L1jB7RBGVGk
++++++++++++++++++
I would never encourage the use of drugs and alcohol to cure life’s problems.
…although they have worked well for me for 40 years.
Hunter S. Thompson
DebbieDoRight - A DoRight Woman
September 13th, 2012
6:08 pm
Paul: Uh-oh…. epic fail…. talking to DDR about patience….
Hiya Paul!! That was too funny!! True — but funny anyway!
Joe: Even Wikipedia knows it:
Nobody likes a smart azz Joe. Nobody likes a smart azz.
josef
September 13th, 2012
6:08 pm
MATTI
Where’s the office? We generally got some laying around!
DDR
I second the moros y cristianos along with the yellow rice…I like mine with a creole sauce…and THAT can provoke a mean argument in a Cajun kitchen…I recommend when you’re starting out on Cajun Creole that you pick up Paul Prudhomme and start with what he says to do and then alter it to your taste as you get more comfortable with it…just remember, Cajun Creole is what YOU like…taste, taste, taste and it’s like sex, the longer it takes and the hotter (Cajun) it is, the better!
Jay
September 13th, 2012
6:08 pm
The Fed’s goals are laid out in law, Thulsa:
“The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall … promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.”
It is statutorily obligated to pursue maximum employment. That obligation does not give a higher priority to stable prices than to max employment. And 8 percent unemployment is far from maximum.
The Fed is doing its job as laid out in federal law for some 35 years now.
Kamchak ~ Thug from the Steppes
September 13th, 2012
6:09 pm
Fact is republicans have been critical of monetary easing ever since it started now all of a sudden it’s news to ya’ll[sic].
Not intended to be a factual statement.
DebbieDoRight - A DoRight Woman
September 13th, 2012
6:11 pm
Matti: Where can I get me some RB&R on the way home from the office?
Well…….there’s some in a hole in my backyard……
The bro-n-law said he hoped he dug the hole big enough so that the dogs don’t get to it and get sick…….
Redneck Convert (R--and proud of it)
September 13th, 2012
6:12 pm
Well, I see the tree-huggers and libruls have made it against the law to sell a big drink in NYC. Won’t nobody be walking around there with a barrel of Coke in a humongous foam cup. They claim it’s a campaign against fatness but the rest of us know what they really want to do. Next thing you know their buddies will be trying to outlaw the 20 oz. Brewskis in this country and we’ll all be setting around with two regular beers at a time. You can worry about the Fed if you want to, but I know where the real danger to our Freedoms is.
DebbieDoRight - A DoRight Woman
September 13th, 2012
6:18 pm
Get Real: Debbie Girl….it is the liberals that Live in an alternate universe; I believe it is called Libby Land where unicorns abound, candy canes for everyone and everything is free…..that’s the best part….
GR – Don’t get mad at ME because Bill clinton uses actual math and ratios to counter the republican magic based economic plan. Darn that thing called MATH that keeps foiling the republican attempt at their “Master Plan To Take Over The World Strategy”.
If only you could live up to your blog name and “get real”……imagine what a wonderful world it would be.
Common Freaking Sense isn't very Common
September 13th, 2012
6:19 pm
DDR
Not to be critical or anything, but when you took cooking classes didn’t they suggest when cooking something for the FIRST time that you read AND FOLLOW a recipe?
You don’t need to cook just look beautiful LOL
DebbieDoRight - A DoRight Woman
September 13th, 2012
6:19 pm
Stop Showing Off josef!!
I second the moros y cristianos along with the yellow rice…I like mine with a creole sauce…and THAT can provoke a mean argument in a Cajun kitchen…
Welcome to the Occupation
September 13th, 2012
6:20 pm
Thulsa wishes he lived in a country that has a central bank with REAL backbone against the Bolshie FED, like the ECB. They don’t mess around man.
But seriously, Jay, you know that since the Volcker era the dual mandate has not really been the case in practice right? The back of that was effectively broken in late Carter, early Reagan era.
Thulsa Doom
September 13th, 2012
6:21 pm
Jay,
I read it just fine the first time. But again. The 2 goals are often in conflict with each other and as I’ve pointed out the Fed goal also lists price stability as part of its mandate. It does not state that maximum employment is the only goal. Its merely part of the dual mandate and it states right there that the fed is statutorily also committed to price stability. Seems you and others keep ignoring the rest of that statement.
DebbieDoRight - A DoRight Woman
September 13th, 2012
6:23 pm
Common: Not to be critical or anything, but when you took cooking classes didn’t they suggest when cooking something for the FIRST time that you read AND FOLLOW a recipe?
Whatevah…..recipes are SO overrated….
You don’t need to cook just look beautiful LOL
Well, at least you made it up to me with that^^^. Thanks!
godless heathen
September 13th, 2012
6:23 pm
That George Will?
Yes, since we all know that being a bad husband means you don’t know what you are talking about.
Eh, Slick?
Michael
September 13th, 2012
6:24 pm
If Bernanke is trying to drive down the value of the dollar, he is doing a lousy job of it. Since 2008 the dollar is up 15% against the euro, 30% against the ruble, 25% against the Brazilian real, and 25% against the rupee. The only currency up against the dollar is the Chinese yuan (14%), and the whole world wants the yuan to appreciate. So, the concern about driving the value of the dollar down is without merit.
Bernanke is trying to force investors to buy something besides treasuries, since treasuries now earn less than the projected rate of inflation and do not help stimulate the economy. Only growth in the private sector, or government stimulus will do that. The privates are sitting on their assets, and the pubs are sitting on the stimulus, so Bernanke is the last resort, and his actions have not hurt the value of the dollar or caused a spike in inflation.
Romney’s program only works, if he goes after the big deductions – mortgage interest and deductions for state and local taxes. It makes sense for him, since the big guys (1%) won’t miss them, and the middle class is being crushed anyway. So, no middle class breaks – no problem.
josef
September 13th, 2012
6:25 pm
DDR
Hey, I’m not showing off…I’ve had my man for closing in on 40 years and he me…yeah, we were beautiful when we started out, but it was the groceries we wound up coming home to! There’s more than a little truth to the old saying that the way to a man’s (woman’s, too, down where we come from) heart is through his/her stomach…
Welcome to the Occupation
September 13th, 2012
6:25 pm
Jay, this is what Volcker said in 1981 that kind of gave the game away:
I am wholly convinced—and I think I can speak for the whole Board and whole Open Market Committee — that recognizing that that objective for unemployment [4 percent] cannot be reached in the short run—the kinds of policies we are following offer the best prospect of returning the economy in time to a course where we can combine as full employment as we can get with price stability.
Key phrase here is “as we can get” while still maintaining price stability.
Aquagirl
September 13th, 2012
6:26 pm
Next thing you know their buddies will be trying to outlaw the 20 oz. Brewskis in this country and we’ll all be setting around with two regular beers at a time.
12 oz beer: What’s Wrong With America.
Thulsa Doom
September 13th, 2012
6:26 pm
Oscar,
We can indeed chalk it up to differences of opinion on Fed policy. I just think its misleading to cast Republicans as being against people having jobs because of a difference in Fed monetary policy. And for the record I think any wise man will tell you its better to think long term as opposed to short term. Short term thinking is what’s gotten us into trouble all along whether it be Rs or Ds doing the short term fix.
Common Freaking Sense isn't very Common
September 13th, 2012
6:26 pm
Godless
and the reverse is also true just be someone is a great husband,father (Romney and Obama) doesn’t mean they know chit either
Jay
September 13th, 2012
6:28 pm
No Thulsa. I don’t ignore that dual mandate. You do.
Under a dual mandate, with inflation at less than 2 percent and unemployment over 8 percent, it is the employment side of the equation that requires attention. Back in Volcker’s day, when inflation was in double-digits, the opposite was true and it was price stability that needed attention.
That’s what dual mandates are all about.
Martin the Calvinist
September 13th, 2012
6:29 pm
I think the Fed’s intentions are good, but the route they chose to go should be easily condemned. I kinda agree with Jm, it’ll have a good short term effect and we will in the long run be left with high, high inflation. Did anyone notice the US currency dropped in value compared to other curriencies when this move was announced? Did anyone else notice that oil and gold went up in price in months and at rates that hasn’t been seen in months. Our Dollar is in real trouble if we don’t secure it’s value, pretty soon, it’ll cost more to print money than it will be worth.
I don’t know who CNN asked about the state of the economy when the US Census just reported yesterday that Poverty was at 15% and the real income dropped….I don’t see this as a growing economy or see things getting better….good grief.
Bernie
September 13th, 2012
6:29 pm
Warning****************DESPERATION ALERT
POOR MITT, Yesterday and NOW this!
Mitt Romney is giving away two seats on his customized jet for a first class look at the campaign trail.
In an email sent by his campaign team, Romney asks his supporters to donate $15 for a chance to win a seat on what his wife Ann likes to call “Hair Force One.”
I BET that is one SCARY RIDE!
DebbieDoRight - A DoRight Woman
September 13th, 2012
6:29 pm
Watching politics nation with Al Sharpton (Rev.)
Anyone else notices that since he lost all that weight, he looks like one of those bobble dolls with the big gargantuan head?
josef
September 13th, 2012
6:31 pm
DDR
Brother Al should’ve stuck to radio… -)
JamVet
September 13th, 2012
6:33 pm
Get Real, though I have no right to do so, I only ask one, single, solitary thing of you.
That you do not “reinvent” yourself on November 7.
LOL!
But even if you do, the laughter around here, at you “severely conservative” Republicans’ expense is gonna be epic…
DebbieDoRight - A DoRight Woman
September 13th, 2012
6:33 pm
josef: Hey, I’m not showing off…I’ve had my man for closing in on 40 years and he me…yeah, we were beautiful when we started out, but it was the groceries we wound up coming home to!
Dudley didn’t marry me for my cooking…(In the kitchen)……
Kamchak ~ Thug from the Steppes
September 13th, 2012
6:34 pm
Yes, since we all know that being a bad husband means you don’t know what you are talking about.
So, you must’ve come home and found all of your belonging is the front yard also, eh slick?
skydog
September 13th, 2012
6:34 pm
Has anyone been to one of theses cooking schools sponsored by Publix?
I`m going to check them out shortly.
http://www.publix.com/aprons/schools/Alpharetta/AllClassList.do
Archibald Leach
September 13th, 2012
6:35 pm
it’s simple, republicans do not want to see the economy get better. they want america to fail, so they can gain politically
LeRoi2
September 13th, 2012
6:36 pm
Bookman is now the AJC’s financial reporter, in addition to being its political hack. I take great pleasure in reading his columns the last few days. There is nothing like his whining and bed wetting to validate the end of Obama’s reign. Many people of both political party’s believe that further quantitative easing is a horrible mistake. It will do nothing to improve the economic mess Obama has created. It will do nothing to create jobs. It will add to the deficit, which should, and does, ring alarm bells for everyone with even an ounce of economic intelligence. The stock market closed up 1.5%, which is almost exactly what the new round of easing will create in inflation, so its a wash. But to the ignorant sycophants, (Bookman), its a great and couragious step. It wont take long for commodities prices to go up by the same percentage, including gasoline. Who ever would have thought that fooling the masses would be so easy? Barack Obama I guess, I have to give him credit for not underestimating the stupidity of the average American, or the average AJC “reporter”. However, I dont think Obama is going to pull another election win out of his hat. There is growing awareness and discontent with this Jimmy Carter cyborg. The columns written by Bookman serve a wonderful purpose on this voyage to enlightenment: they are so convoluted, biased, and contains such twisted logic that even an AJC reader is gagging. Thanks for the help, Jay!
josef
September 13th, 2012
6:36 pm
DDR
He may not’ve married you for your cooking in the kitchen, but I’m here to tell ya, when gravity takes it’s toll, there better be something in the pot on the stove to take his attention away from the pot on the midriff..
Redneck Convert (R--and proud of it)
September 13th, 2012
6:36 pm
In an email sent by his campaign team, Romney asks his supporters to donate $15 for a chance to win a seat on what his wife Ann likes to call “Hair Force One.”
Well, before I do any donating I want to know something. If I win do I get to ride inside the plane or outside strapped to the top?
DebbieDoRight - A DoRight Woman
September 13th, 2012
6:36 pm
inflation. Did anyone notice the US currency dropped in value compared to other curriencies when this move was announced?
I thought it was because of the threatened credit rate “down grading” by Moody.
TM
September 13th, 2012
6:37 pm
What the Fed has done is told all seniors that they must invest in stocks because the CD rate is going to stay under 1% for the next 3 years. This will of course give security to our seniors who have a limited nest egg to supplement their social security.
Jay
September 13th, 2012
6:37 pm
You’re welcome, Leroi.
F. Sinkwich
September 13th, 2012
6:39 pm
Anyone have an update as to whether Egypt is an ally or not? There appears to be some confusion.
Also, if O’bozo is relying on the fed to save his sorry as$, he’s stupider than the lib ilks who post here.
Well, maybe not since I don’t know if that’s possible…
Jay
September 13th, 2012
6:40 pm
Very good, Redneck. Very good.
josef
September 13th, 2012
6:41 pm
Leroi
Big Daddy ain’t a “reporter.” He’s an opinion pundit, He gets paid for his horsesh*t and you don’t. Nice work, if you can get it. If you can’t, though, you’re welcome to come in here and kvetch…
Kamchak ~ Thug from the Steppes
September 13th, 2012
6:41 pm
Bookman is now the AJC’s financial reporter, in addition to being its political hack.
Oh lookie,
Josephmike has a shiny new sock-puppet.Jay
September 13th, 2012
6:42 pm
So good I just tweeted it.
Bernie
September 13th, 2012
6:43 pm
Did anyone see Mitt today in Fairfax, Va.?
Today was another one for a crude Pandering attempt to American WOMEN. Every woman that stood behind him appeared to be over 50, white MOMS and Grand Moms ALL with massive amounts of Wrinkles in their faces.
Sprinkled all throughout the group were 9 Asian women who were without wrinkles!
Today was the first day of his return to camera window dressing.
what is the message Mitt is trying to send.
The over 50 Moms certainly could not have or want Abortions.
Their screams and shrills of MITT, MITT, MITT, sounded like fingernails being scratched on a chalkboard. or like little Kitties being tortured.
LeRoi2
September 13th, 2012
6:43 pm
Bookman, the unemployment rate IS in double digits, when you count all of the unemployed, not just those looking for a job. Of course you buy into and support the lies from Obama. It completely negates your ignoring the dual mandate. When Jimmy Carter ran the economy into the ground, there were still some useful idiots trying to bend numbers and obfuscate to find a way to support him. Luckily then, and now, there are enough clear thinking and logical voters, note I did not say citizens, who can see past the BS.
Common Freaking Sense isn't very Common
September 13th, 2012
6:44 pm
Jay
I guess your tweet count went up and you became MORE popular than the other day
Jay
September 13th, 2012
6:45 pm
If I get any more popular I won’t be able to stand it, Common … :>)
DebbieDoRight - A DoRight Woman
September 13th, 2012
6:46 pm
skydog: Has anyone been to one of theses cooking schools sponsored by Publix? I`m going to check them out shortly.
Tonight notwithstanding, I went to this cooking school.
http://www.ursulacooks.com/
And YES — I did pretty well, when supervised. But Im getting better. Just don’t count tonight. Tonight was josef’s fault. He MADE ME forget to check the food.
josef: He may not’ve married you for your cooking in the kitchen, but I’m here to tell ya, when gravity takes it’s toll, there better be something in the pot on the stove to take his attention away from the pot on the midriff..
The midriff is fine, I make sure of that. And since the tatas aren’t real, they’re guaranteed to stay up until the end of time; or until a republican can tell the truth about that backwards, “trickle down” theory crap. whichever comes first!
Dems Out 2012
September 13th, 2012
6:46 pm
Yeah because that $860 billion stimulus bill that had to be signed ASAP back in 2009 to keep unemployment from going above 8%, create millions of shovel ready and green energy jobs has worked so well {eye roll}.
Stupidity: spending more taxpayer dollars to artificially stimulate the economy.
Insanity: repeating it.
curious
September 13th, 2012
6:46 pm
Romney is demonstrating his moral corruptness on an almost daily basis (maybe hourly).
All of you that think he is the answer to your problems are in for a huge letdown.
Bernie
September 13th, 2012
6:46 pm
Redneck Convert (R–and proud of it) @ 6:36 pm – Being that I am African American
surely they have a sit in the REAR, especially reserved for PEOPLE LIKE ME!
The first seat right outside the Lavatory entrance.
Hmmmmm! Love that Smell!
Union
September 13th, 2012
6:46 pm
ill be very interested to see how the 10 year treasury does with all of this. lets keep our fingers crossed and hope for the best!
Common Freaking Sense isn't very Common
September 13th, 2012
6:47 pm
Jay
until you answered LeRoi I had scrolled past his screed. You made me go back and look.
BAD JAY
josef
September 13th, 2012
6:50 pm
DDR
Okay, it may be TODAY, but I got news for you, Sweepea, that washboard belly of yesterday is now just a memory…as for the tatas…I’m cleaning the screen on that one…best line of the day imeoiauo!
And you’re right…if I had to recommend a cooking school in the Atlanta area, Ursula’s would be it!
JamVet
September 13th, 2012
6:50 pm
Meth Lab Leroy posted at 3 something o’clock in the morning today.
The man keeps bizarre blogging hours to match his bizarre screeds…
LeRoi2
September 13th, 2012
6:51 pm
Here is a link to an article that puts all of Obama’s miscues, and what we can expect to be the result of his gross incompetence to be. Read it only if you can handle the truth.
http://www.americanthinker.com/2012/09/iran_has_obama_in_a_headlock.html
Kamchak ~ Thug from the Steppes
September 13th, 2012
6:52 pm
americanthinker?
Too funny!
td
September 13th, 2012
6:53 pm
Jay
September 13th, 2012
6:42 pm
So good I just tweeted it.
At least you are not like the other whiny lib media the last few days tweets.
Finn McCool
September 13th, 2012
6:53 pm
Sweet job, Jay. Please keep pulling out those stops.!
DebbieDoRight - A DoRight Woman
September 13th, 2012
6:53 pm
When Jimmy Carter ran the economy into the ground
OMG!! Jimmy Carter was President from 76- 80. Since then we’ve had:
St. Ronnie
His faithful dog Bush I
Billy Boy
Dumbya
Obama
Yet, there are some who STILL blame Carter for the ills of the world!! Re-Freaking-Markable!!!
Common Freaking Sense isn't very Common
September 13th, 2012
6:54 pm
Jay
Can we quote fact checkers on that American Thinker website?
They BOTH suck
September 13th, 2012
6:54 pm
td
Or like a good percentage of what you post………
just saying
F. Sinkwich
September 13th, 2012
6:55 pm
Bernie hates moms and grandmoms.
Kinda sad…
getalife
September 13th, 2012
6:55 pm
The Egyptian that made the movie went to prison for selling meth then fraud for fake id’s.
Thulsa Doom
September 13th, 2012
6:56 pm
Jay,
Well at least you now agree that there is a dual mandate and that full employment is not the sole mandate of the Fed. Regarding price stability there is still an error in thinking. Flooding the economy with all that new money is going to have quite an effect on purchasing power and negatively effect savers and those on fixed incomes such as seniors. So price stability is still not going to be maintained. Nevertheless we’ve beaten this dead horse enough.
LeRoi2
September 13th, 2012
6:56 pm
Debbie, I use Carter because you have to compare apples to apples. Obama and Carter are in a group by themselves as far as ineptitude goes, nothing else even comes close. I am sure you didnt read the article, too many multiple syllable words.
Erwin's cat
September 13th, 2012
6:56 pm
Paul – 90 min to do risotto?
30min tops and the starch is all broken down…cant imagine what you were doing wrong