Posted on 09/25/2012 6:29:05 PM PDT by Starman417
The preponderance of misrepresentations and fiction floated by most of the MSM in these frenetic final weeks of the Presidential election, may in the long term cause much harm to an already overburdened Nation. Making decisions with bad information never works out well.
Near the top of our influence food chain we have Ben Bernanke fuelling inflation of risky assets through a continuation of the quantitative easing strategy. The markets have siphoned money from “savings” accounts where interest rates are at near zero. How great is that? The stock markets are booming, while anyone holding interest-bearing assets continues to get decimated.
Feckless ignorance and economic illiteracy, praises this bull-run as ‘success’ and a sign of a stable economy returning to health, rather than address what it really is, . . . artificial, and transient gains. The markets have become a bubble, and when this bubble bursts, there will be a dearth of ‘shorts,’ to provide support with a bottom, as occurred during the last crash. Real ‘shorts’ were driven out by regulation and fear of helicopter Ben.
Bernanke admonished Congress for not reaching agreement on spending and taxes, in an effort to cover his backside. He should instead drop in on the President, interrupt a dinner with a star-of-the-hour, or interject himself into a golf game, and admonish him for the same thing, and he should point to the fiscal cliff much more forcefully. But we know this will not transpire, and given the timing of his Infinite Quantitative Easing, Ben won’t even bother to educate Obama. The President’s lack of knowledge is to Bernanke’s advantage, and to the advantage of his friends in the inner sanctums of the most senior banking establishments. Bernanke ordering Obama to back-off his anti-business vitriol and his destructive actions, would have more positive impact on jobs than QE3 will ever have.
So let’s look for some clarity at why with all the cash apparently floating in the streets, the banks are not putting all these free dollars to work toward the rebuilding of the country, and there is no reduction in the numbers of unemployed Americans. Is there something not quite right which we are not fully aware of?
The following is a rare but useful piece of critical information most of us can appreciate from the WSJ, “In 2010, the number of Federal Register pages devoted to proposed new rules broke its previous all-time record for the second consecutive year. It's up by 25% compared to 2008. These regulations alone will impose large costs and create heightened uncertainty for business and especially small business.” Yah? So, who cares? If you are unemployed, or if you are a budding entrepreneur, it is not over-reaching to understand that this is not helpful to your cause. Additional administrative burden on small and medium sized businesses will not improve their balance sheets. It will not create new jobs.
(excerpt) Read more at floppingaces.net...
Not going to happen.
The Philly Fed Chairman threw a wrench into Helicopter Ben’s latest fiasco. Said that QE3 wouldn’t work and would just produce a short bounce for the stock market but will do nothing to help the economy. Stock market dropped over 100 points in the afternoon.
They just need a break out point for Obama that excites 3 or 4 points to get him over 50. QE3 is the ticket.
The smallest bump inside the next few weeks will translate to the ignorant electorate as an economic triumph for Obama’s genius, good for three or four points. It fizzles out only *after* the election.
QE3 came in on Sept. 13. September was the biggest month of money inflow for the odumbi or any political campaign in history....coincidence? 40 billion a month will get you 40 million a week any day. There has got to be ONE reporter out there that can connect the dots.
It turns out it’s Romney who has coughed up the 3 or 4 points after a debate. For how ever long this advantage lasts, Romney was able to even things up going into the very final stretch somewhat sidelining the QE3 manufactured boost to all the issue numbers for Obama.
Also, who will be impressed by the LIE mantra against Romney? Will this sell anyone on Obama? Hopefully, the Romney camp will trouble themselves to fight back at such a whine excuse.
The next debate will feature odumbi calling Romney on his flip floping, but Romney will strongly shoot back with the fact Politicians must change to meet the changing challenges, that odumbi is such a left wing extremist that he refused to change, and that a Romney flip floping resulted in success while odumbi’s resulted in failure. odumbi doesn’t want his record of the last four years brought up in the debates.
imho.
40 billion a month, one more billion a month wouldn’t hurt em. send it to me
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