It hasn't dawned on the average American voter (Spanish speaking, or negro welfare recipient)that Obozo's supporters don't care about the FED, the overwhelming bureaucracy or the infantile Marxists who are ruining the nation.
And McJobs are enabled by a McExemption from Obamacare, it seems.
Make that “part time McJobs”.
| Bernanke said 2011 growth has slowed to less than a 2 percent in the first three months of this year. The Fed chairman said: ''most of the factors that account for the slower growth in the first quarter appear to us to be transitory.''
Right Mr. Chairman, 'transitory' in the same way the current administration is 'transitory'. The first won't end until the other ends. And I guess if we enter the worldwide socialism club, we'll never have to worry about growth again.
All I know is that if they tell us we had 1.8% growth, it really means we had no growth or negative growth.
He's preparing for the start of QE3. It's all fiat money now, meaning that it has value only because the Fed says it does! The Fed will have printed about $1.8 trillion from the end of 2008 to the end of June, 2011 - partly to finance staggering federal government deficits of nearly $4.5 trillion over the three years.
The Fed's actions are undermining the dollar precisely because that's what the White House wants
Welcome to the 1970s: low growth, high inflation. And the Keynesians argued this can't happen.
The whole QE2 pump-priming hasn't stimulated economic growth, but has stimulated inflation.
It's all virtual money now!
Hope and Change.... Tragic.