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Suggest Democrats realize they need to appoint a Republican Economist. If this economy doesn't change and start to grow in 2014, there will be no faith Democrats can manage economic challenges. But I am suggesting this for the Country, not for Democrats. We remember all those Democrat Economist who shilled for the Stimulus bill that never worked, they won't do.

I would have more confidence in a Paul Ryan pick of who a good Economist is, since he was last I've known to do any budgeting math. Another Democrat Economist is going to get more of the same, no private sector growth.

It's not going to be easy to pay down all the debt, bonds - QE3 could total around $1.6 trillion, the Fed is buying. The private sector is responcible to pay off the debt, even as Democrats will promise the full faith and credit of the Government.

Add putting Americans back to work in private sector jobs, and the trajectory Democrat have the Economy on with raising taxes and increasing health insurance cost, and it's easily predictable as Alan Blinder observed in 2009 after meeting with House Democrats "the fact that we’re looking at an absolutely horrendous long-term fiscal outlook", but this is November 2013, and it is still "an absolutely horrendous long-term fiscal outlook"

This Could Be The Largest Fed Stimulus Yet
http://www.freerepublic.com/focus/f-news/3084498/posts

QE3 is on track to be its largest bond-buying program yet

Given this environment and the leadership transition as Ben Bernanke’s term ends in January, the Fed will likely continue its current stimulus program at full blast — buying $85 billion in bonds each month — until at least March 2014.

That means QE3 could total around $1.6 trillion, calculates Paul Ashworth of Capital Economics. That’s more than either of its two predecessors. In contrast, QE1 totaled $1.5 trillion and the second round of stimulus added up to about $600 billion.

1 posted on 11/02/2013 8:20:16 AM PDT by Son House
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To: Son House

So Janet Yellen, given all her schooling and experience, is just about a bright as the average American. Why are we letting her, one person, run the nation’s monetary policy?

At least the Consumer Product Safety Commission has 3 people telling 300 million what to do and how to live.


2 posted on 11/02/2013 8:54:17 AM PDT by 1010RD (First, Do No Harm)
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