Skip to comments.QE3 ‘Won’t Do Any Good’: Carly Fiorina
Posted on 06/06/2012 1:35:03 PM PDT by Perdogg
The United States does not need any further monetary stimulus as the past attempts to boost the economy by money printing have proved to be a temporary panacea, said Carly Fiorina, the former CEO of Hewlett-Packard and a CNBC contributor.
(Excerpt) Read more at cnbc.com ...
We didn’t need the first two stimulus packages,
By the way does anyone have any idea what happened to all that money?
I would bet that if an accounting had to be made it would be missing Billions.
Uhhhhh, well, duh....that's all President Urkel needs to get re-elected, a temporary upspike in the stock market.
Which is exactly what has happened every time there's been a stimulus.
This is nothing more than economic masturbation.
I'm guessing a good portion of it went to The Moose Limb Brothahood.
Revolution ain't cheap, you know.
The rest of it went to Urkel's Union cronies around the world with some of it siphoning back into his re-election campaign.
I should go pray now and meditate, and not think about what she did to HP.
MOTO....Master Of The Obvious
“This is nothing more than economic masturbation.”
So that’s what Ben Bernanke is doing between worthless meetings.
Why is there no talk of the depression of 1920, it lasted 18 months, it was deeper than this, or the depression of 1929. But only last 18 months because the president cut the federal budget in half and the American people liquidated there debt, and it led to the roaring twenties.
What is happening now is the fed is shifting the burden of the debt liquidation from their rich friends to the tax payer, thus extending the pain to the general public who took no part in the bubble.
Had we simple allowed the economy to self adjust this long economic nightmare would have ended, in 2010 and we would probably be growing at 8% by now.
” I would bet that if an accounting had to be made it would be missing Billions.”
100 billion, easy.
0bama's stash and a billion dollar reelection fund.
More here - QE3
Printing money does not create value, it just thins the distribution of value and “teleports” it to where it isn’t. There is only so much value to go around, and when total debt exceeds total value (ok, it’s a bit more complex than that, but suffice to say) no amount of new currency is enough.
Imagine three people. Person A has a dollar, and B owes C a dollar. C had the dollar in the first place, but loaned it to B who gave it to A for a cheeseburger, which B ate. If B prints a dollar, the value of a dollar just dropped 50%. C still wants his pre-inflation $1 of value, of which the dollar from B only provides half of. B can keep printing dollars and giving them to C, siphoning value from A’s dollar but never quite taking the full value...leaving C annoyed that he’s not getting his full loaned value back (never mind any interest thereon). B can print N dollars, devaluing the original value of a dollar by 1/N; if he gives all of them to C, C receives (N-1)/N of the value he is owed - no amount of “printing money”, no amount of hyperinflation, can create enough currency to pay back what is owed. C has to lose money on his loan to the amount 1/N, and now A is cheesed off because his dollar is only worth 1/N of its original value. Both A and C turn on B in an attempt to - somehow - extract a pre-inflation dollar’s value from him; or, realizing that only A and C have actual currency at this point, turn on each other trying to get - from anyone they can - their original value back (and then some).
But it would buy a bunch of votes, just in time for the next election!
Just imagine- another $200 per person handed out when you vote... and you can vote as often as you like
If he won, who would prosecute him for it?
they can’t even find the balls to ask why he can’t produce a birth certificate.
It’s easier just to say that “stimulus” is like pumping water from one end of a swimming pool to the other to try to raise the water level.
Anyone rememeber when the Federal Reserve was started way before then.
I offer I different analogy. I think it it more like emptying the regular pool to keep the high dive pool filed..
filed = filled
So the Nightmare That Destroyed HP is now being rewarded for her work by being quoted about financial matters?
Slime promoting slime to help slime.