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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

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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To: BradtotheBone

only have a couple of weeks left...

to break the country

21 posted on 09/13/2012 10:33:32 AM PDT by sten (fighting tyranny never goes out of style)
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To: GeronL

—— The people running this country are... retards.-—

Or evil. Or both.

Everybody lie down. Because we’re all dead.


22 posted on 09/13/2012 10:35:47 AM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: whitedog57



23 posted on 09/13/2012 10:37:20 AM PDT by Sopater (...where the Spirit of the Lord is, there is liberty. - 2 COR 3:17b)
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To: St_Thomas_Aquinas

hopefully we aren’t all dead but its pretty grim


24 posted on 09/13/2012 10:38:14 AM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: BradtotheBone

Open-ended = never ending.


25 posted on 09/13/2012 10:42:49 AM PDT by bgill
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To: mojito

Hopefully this will move Romney even more solidly into the
Audit the Fed camp.


26 posted on 09/13/2012 10:44:23 AM PDT by Buckeye McFrog
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To: GeronL

Yeah.... It’s like a nightmare, and you can’t wake up. I remember Carter. Things sucked, but not like this. This presidential suicide campaign is breathtaking to behold.

Hopefully we’ll be able to look back and laugh some day.


27 posted on 09/13/2012 10:45:16 AM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: BradtotheBone

I noticed that gold is currently $1768 an ounce so I hopped in my time machine, went back a month or so and managed to pickup the following conversation:

Soros: How’s it looking for that promised QE3 that we talked about back when?

Bernanke: Now this is very hush hush but I’ve been talking about the timing with Axelrod. Right now it’s looking like mid-September or so. If I were you I’d start stocking up on gold.


28 posted on 09/13/2012 10:56:33 AM PDT by InterceptPoint (.)
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To: BradtotheBone

Bernanke is nothing but a step-n-fetch-it for Obama. He’s doing his best to get him re-elected because Romney has said he will fire Bernanke if he wins. He deserves firing for his total mismanagement of the Fed during this never-ending recession.


29 posted on 09/13/2012 11:01:51 AM PDT by txrefugee
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To: BradtotheBone

The only way to stimulate the economy is get rid of Obama.


30 posted on 09/13/2012 11:10:49 AM PDT by Vaduz
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To: txrefugee

31 posted on 09/13/2012 11:14:39 AM PDT by Perdogg
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To: BradtotheBone

People always act like this doesn’t affect them because it some nebulous outfit called the FED doing it so it must be them that are losing money on this deal. BUT...it is us paying the bill. Through inflation every single dollar you own is losing value to pay for this “rob Peter to pay Paul” scheme. When do we get to riot??? why does everyone else get to have fun and riot but we have to bend over and take it?


32 posted on 09/13/2012 11:23:36 AM PDT by LivingNet
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To: sickoflibs; stephenjohnbanker
soooooooooo, we finally get to QE3...

sounds like theyre gonna a bunch more underwater, toxic crap off the banks books ???

and this does what exactely, for the citizenry...???

oh yeah, devalues our dollars and spikes the costs of everything we need...

and the cool thing about #3 is, its 'open ended' and will continue until the recovery is solid...BWAHAHAAHAH...

33 posted on 09/13/2012 11:52:07 AM PDT by Gilbo_3 (Gov is not reason; not eloquent; its force.Like fire,a dangerous servant & master. George Washington)
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To: BradtotheBone

This is F’n treasonous. These bastards are hell bent on making our currency wothless. QE 3? We need CW 2!!!!!!!!


34 posted on 09/13/2012 11:56:17 AM PDT by catfish1957 (My dream for hope and change is to see the punk POTUS in prison for treason)
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To: whitedog57

It’s working, the dow is up over 200 points. Another problem solved by the barry and ben show.


35 posted on 09/13/2012 12:02:18 PM PDT by woodenickel
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To: whitedog57

It’s working, the dow is up over 200 points. Another problem solved by the barry and ben show.


36 posted on 09/13/2012 12:03:45 PM PDT by woodenickel
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To: Gilbo_3; stephenjohnbanker

Here is where I get confused.

Can interest rates go lower?
What good does it do to buy more government bonds if they wont immediately spend it?

I heard on Cavuto that House Republicans are so whipped over the Debt limit deal that they plan on sliding though a CR before the end of month (end of FY12) with increased spending.


37 posted on 09/13/2012 12:05:57 PM PDT by sickoflibs (Romney is still a liberal. Just watch him. (Obama-ney Care ))
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To: Gilbo_3; sickoflibs

” devalues our dollars and spikes the costs of everything we need...”

Of course


38 posted on 09/13/2012 2:49:20 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: woodenickel

I knew they were going to do it. That’s why I’ve been trying to move my retirement money into stocks and generally riskier investments the last year and a half. Now when I’m elderly, I’ll have a few more months of deflated old age dollars to buy cans of beans, cat food and bean burritos to keep me going long enough for the death panels to get to me.


39 posted on 09/13/2012 3:16:18 PM PDT by Colonel Kangaroo
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To: woodenickel

I should have said inflated dollars. It’s middle class wealth and old age lifestyle that I’m afraid is going to be deflated for all of us.


40 posted on 09/13/2012 3:19:59 PM PDT by Colonel Kangaroo
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