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No gains in the economy. Check the foreclosure rates.. more and more people losing their homes because they lost their jobs... millions more coming.. one can't have 23 million unemployed and the foreclosure rate disappear. It is bad , really bad...
And this is in large part due to GOP leaders insistence that laying people off means more people will have jobs. Unless the people being laid off work in defense, of course, *then* it's a job loss. Republicans in congress have done very little to spur job growth, wasting their time on things like denying people health care and worrying over nonsense like net neutrality, and republicans at the state and local levels have been willfully destructive, firing public workers by the hundreds of thousands.
And this is in large part due to GOP leaders insistence that laying people off means more people will have jobs. Unless the people being laid off work in defense, of course, *then* it's a job loss. Republicans in congress have done very little to spur job growth, wasting their time on things like denying people health care and worrying over nonsense like net neutrality, and republicans at the state and local levels have been willfully destructive, firing public workers by the hundreds of thousands.
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?
Because the republicans continue to obstruct the jobs bill, holding it hostage unless the rich get paid a ransom up front. The Fed figured somebody had to do something since the Teabillies won't get off thieir collective asses and do the job they were elected to do. IMHO they should be tried for treason for intentionally trying to destroy the economy for the sake of politics.
QE will result in a smaller money supply and inflation, which will drive an upward cycle. It will be good for America.
Because the republicans continue to obstruct the jobs bill, holding it hostage unless the rich get paid a ransom up front. The Fed figured somebody had to do something since the Teabillies won't get off thieir collective asses and do the job they were elected to do. IMHO they should be tried for treason for intentionally trying to destroy the economy for the sake of politics.
QE will result in a smaller money supply and inflation, which will drive an upward cycle. It will be good for America.
LOL, I would be embarrassed to post something like this.
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."
They aren't. Republicans want the economy to get better after all if you are a business Republicans want less spending at the government level, this is something the democrats fear the most. It is only the democrats who are trying to take out an important part of the economic equation. Right now you are seeing the result of Democratic thinking, still above 8% unemployment, extended unemployment benefits, a huge jump of people on welfare, businesses moving outside the U.S, businesses closing. This is all before increase taxation even took effect but because of the threat. If it does take effect it will be much worse for the middle class.
Thank you for responding to my query about what jobs bills Republicans have tried to pass, but these "jobs" bills do not look like job bills at all, just de-regulation and increasing domestic energy production. While I do believe that those things should definitely be discussed, it doesn't seem to me that the Republican House has been terribly active, particularly in any ideas that aren't de-regulation and drilling. I know that's the Republican proposal for helping the economy, but I see no basis where it's going to be a dramatic help. Also, the arbitrary "1.2 million jobs created!" number from increased energy production sounds like a bad joke to me. In two years, this was all they could come up with, and then they complain about the Democrats blocking them? They only proposed 16 bills to help the economy in 2 years? Assuming it takes one legislative aid an entire week to write a bill, this "effort" was something like 4 months of work for one person, to come up with the same bunch of tired ideas that helped get us here. So yeah, I find this complaint that Obama blocked congressional efforts by the Republicans sort of lame. They spent more time trying to repeal the ACA than trying to help the economy.
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