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Fed launches new open-ended stimulus
The Hill ^ | 09/13/12 12:44 PM ET | Peter Schroeder

Posted on 09/13/2012 10:16:54 AM PDT by BradtotheBone

The bank says it will work to stimulate the economy until it sees improvements in the labor market.

The Federal Reserve announced an open-ended bond buying program Thursday it said would continue until the labor market improves "substantially."

The announcement marks a significant new step in the Fed's effort to boost the economy, and also signals the central bank's concern about the weak recovery from the recession.

The political ramifications of the move could also be huge. The decision comes less than two months before a presidential election expected to turn on voter perceptions of the economy.

Stocks spiked on the news, which had been widely expected by investors. The Dow Jones Industrial Average was up roughly 100 points in the first moments after the statement was released.

Republicans immediately pounced on the Fed's decision, arguing it was an indictment of President Obama's economic record that they said woud fail to rescue the president from a defeat in Novemberr's electin

(Excerpt) Read more at thehill.com ...


TOPICS: Front Page News; Government
KEYWORDS: bernanke; fed; federalreserve; qe3
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1 posted on 09/13/2012 10:16:56 AM PDT by BradtotheBone
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To: BradtotheBone

buying votes at our expense..who voted for it.?


2 posted on 09/13/2012 10:19:27 AM PDT by dalebert
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To: BradtotheBone

The people running this country are... retards.


3 posted on 09/13/2012 10:21:19 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: BradtotheBone

BOHICA


4 posted on 09/13/2012 10:21:51 AM PDT by dfwgator (I'm voting for Ryan and that other guy.)
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To: BradtotheBone
The Federal Reserve announced an open-ended bond buying program Thursday it said would continue until the labor market improves "substantially."

The beatings will continue until morale improves.

5 posted on 09/13/2012 10:21:57 AM PDT by Maceman
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To: BradtotheBone
The bank says it will work to stimulate the economy until it sees improvements in the labor market.

The floggings will continue until morale improves.

6 posted on 09/13/2012 10:22:15 AM PDT by Mr Ramsbotham (Laws against sodomy are honored in the breech.)
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To: dalebert
buying votes at our expense..who voted for it.?

The fed board. 11-1.

7 posted on 09/13/2012 10:23:46 AM PDT by johniegrad
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To: BradtotheBone

Eliminate the FED. DEFUND socialist collectives. Live as low-taxed, debt-free, productive citizens in a republic supported by the proper purpose of law.

live - free - republic


8 posted on 09/13/2012 10:24:09 AM PDT by PGalt
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To: dalebert

Sorry. Monetary policy panel.


9 posted on 09/13/2012 10:25:41 AM PDT by johniegrad
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To: BradtotheBone
QE3!

Whooopeee!

Fed nakedly helps 0bama against Romneeeey!

Three cheers for Benny Bernankeeeeeeee!

10 posted on 09/13/2012 10:25:58 AM PDT by mojito
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To: BradtotheBone

Socialism Is Legal Plunder - “The Law” - Bastiat 1801-1850

http://www.usdebtclock.org/


11 posted on 09/13/2012 10:27:03 AM PDT by PGalt
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To: Mr Ramsbotham

Assholes! Here are the charts from this economist:

http://confoundedinterest.wordpress.com/2012/09/13/fed-pulls-the-trigger-with-new-bond-buying-program-40-billion-in-mortgage-backed-securities-per-month/


12 posted on 09/13/2012 10:27:19 AM PDT by whitedog57
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To: BradtotheBone
Well, a blank check for the re-election of His Royal Ass-Holiness.

How flipping convenient that it will continue until a substantial improvement in the economy.

Ebamanomics = Let's keep spending until our bank account starts growing by leaps and bounds.

OH! BTW that debt ceiling thingy....lemme 'splain it for you folks in Rio Linda...

* Democrats don't understand THE DEBT CEILING

* Republicans don't understand THE DEBT CEILING

* Liberals don't understand THE DEBT CEILING

* NO ONE understands THE DEBT CEILING

SO - Allow me to explain ...

Let's say you come home from work and find there has been a sewer backup in your neighborhood.

Your home has sewage all the way up to your ceilings.

What do you think you should do?

Raise the ceilings or pump out the shit?

Your choice is coming in November. Don't miss the opportunity.

13 posted on 09/13/2012 10:27:24 AM PDT by N. Theknow (Kennedys=Can't drive, can't ski, can't fly, can't skipper a boat, but they know what's best for you.)
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To: BradtotheBone
We live in an age of insanity, where doing the same thing(QE) over and over again and expecting different results.

Bernanke is insane.

14 posted on 09/13/2012 10:27:27 AM PDT by DallasBiff
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To: BradtotheBone

15 posted on 09/13/2012 10:27:55 AM PDT by Uncle Miltie (You didn't build that. The private sector is doing fine. We tried our plan and it worked.)
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To: BradtotheBone

Gold and silver... check he price in the hour


16 posted on 09/13/2012 10:28:32 AM PDT by DocRock (All they that TAKE the sword shall perish with the sword. Matthew 26:52 Gun grabbers beware.)
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To: BradtotheBone

Oh, goodie!
More of our money down the rathole!

17 posted on 09/13/2012 10:29:35 AM PDT by LUV W (All my heroes wear camos)
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To: BradtotheBone

Since all the world’s govt banks are now doing the same thing it won’t help our labor market, or any part of our ecenomy.

It will get Obama a few nice bumps in the stock market, briefly-maybe not even through the campaign, and put off gov debt problems a little while.
Should get him some more campaign donations too.


18 posted on 09/13/2012 10:29:39 AM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: johniegrad

Eric S. Rosengren - Y

William C. Dudley - Y

Charles I. Plosser - Y

Sandra Pianalto - Y

Jeffrey M. Lacker - N

Dennis P. Lockhart - Y

Charles L. Evans - Y

James B. Bullard - Y

Narayana R. Kocherlakota - Y

Esther George - Y

Richard W. Fisher - Y

John C. Williams - Y

I am disappointed in Kocherlakota and Fisher


19 posted on 09/13/2012 10:31:22 AM PDT by Perdogg
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To: BradtotheBone

Your money will become worth less and less by the day.


20 posted on 09/13/2012 10:32:12 AM PDT by PGR88
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