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Do you still think things are going well even after QE with no set end date has been announced? Why do you think this was done if the economy was getting so much better?
Do you still think things are going well even after QE with no set end date has been announced? Why do you think this was done if the economy was getting so much better?
Your thread is a strawman.
Nobody is saying that things are great. The economy is making slow gains while debt overhang from the financial collapse unwinds. The Fed understands that they can play a part in improving the economy faster.
But while the Fed action is a good thing, the GOP is largely against it -- just as they are against using fiscal policy to improve the economy.
This is the GOP/conservative view: "The government shouldn't use fiscal or monetary policy to improve the economy and we will stonewall any actions; we just want hamper Obama and complain that he isn't fixing the economy."
The idea behind boards like this is to promote discussion. I have no idea why people think they can do that when they start threads with titles like this one.
This is a worthwhile discussion but there isn't going to be one here.
Why is it all Congress' fault and not Obama's fault at all? Based on other posts, I'm assuming you mean that it's the Republican House's fault. Why is it not any Democrats' fault? The House passes tons of bills that Democrats refuse to even consider. You all think the Republicans in the House should simply be a rubber stamp for the Democrats' agenda. Why shouldn't working together and compromising work both ways? Elections have consequences. In 2010, Americans spoke loud and clear that they did not want the Democrats to continue to have control of everything. They did not vote for Republicans to act as mere rubber stamps.
Nobody is saying that things are great. The economy is making slow gains while debt overhang from the financial collapse unwinds. The Fed understands that they can play a part in improving the economy faster.
But this was completely unprecedented. QE for an unlimited period? Really? They must be concerned that it's not even making slow gains anymore (and that's what some data tells us)...
Quote:
Originally Posted by MTAtech
But while the Fed action is a good thing, the GOP is largely against it -- just as they are against using fiscal policy to improve the economy.
I am against this QE because of potential long-term consequences and because I think these consequences are not worth any very modest positives in the short-term. At this point, I support using fiscal policy and not monetary policy to improve the economy.
Quote:
Originally Posted by MTAtech
This is the GOP/conservative view: "The government shouldn't use fiscal or monetary policy to improve the economy and we will stonewall any actions; we just want hamper Obama and complain that he isn't fixing the economy."
I think it will make little or no difference to the economy. The real issue is that so many houses are on the market and banks have tightened up their lending requirements to the point where nothing is moving. Americans currently have capital tied up in homes that in many cases are vacant and the housing market is gridlocked.
When banks start lending and more people feel confident in applying for loans, it will have a domino effect. More money will be in the pockets of average Americans who will be able to make purchases that they have been putting off.
JMO
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