The Fed’s $40 billion A Month Plan To Help Obama

Consevative HQ ^ | 9/14/12 | George Rasley

[xzins]

end up getting rich because the assets will be inflated.

The issue in inflationary times that kills people is incomes not keeping up with the inflating prices. Assets like prior fixed loans do become relatively less expensive...provided your income increases to match the inflationary spiral.

Taxes automatically go up with inflation, social security and fed retirements only with their "core inflation" measure, and prices of basket items are adjusted by manufacturers and stores.

As always, there is a tooth and nail fight to prevent increases in wages.

So, what does an Obama type character achieve?... more people below the poverty line or the benefits eligibility line. More people becoming clients of the democratic party.

And the immediate market upsurge enables Obama to argue an improving economy.

This is the funny thing about the Chicago teachers strike...they are actually protesting increased costs caused by their president and his fed, but they just don't know it. That's probably why Rahm hates them...he's afraid they'll finally get a clue.

[Elsie]

Paint a sign on both sides of it that says “dog”

[MrB]

That actually might fool most of the Ozombies...

[Inwoodian]

Credit Rating lowered again by one of the rating houses.

[Texas resident]

This program is intended to rescue the banks from the bad loans that the dimrat congress forced the banks to make.
It is passing the worthless assets around the table.
The bad loans still exist, but now they will be taken off the books of the banks and be held by the federal reserve.

But the debt still exists.

Thanks barney frank and chriss dodd.
They retire and ride off with their retirement funds and leave us all holding the bag.