Fed: QE Did Nothing For Economy (regular, downturn, speech, March)
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Obama owns QE Trickle Down. Every Fed Pick Obama has made has been to a QE Trickle Down supporter and it didn't start until he won in 2008 and met with Bernanke.
Obama's QE Trickle Down increased wealth inequality.
Bernanke was Bush's pick, and QE started when Bush was in office, but Obama re-appointing him shows that the real power in this country lies with the Federal Reserve. Maybe not much longer but 100+ years was way to long anyway for a private institution to have a monopoly on printing money.
Bernanke was Bush's pick, and QE started when Bush was in office, but Obama re-appointing him shows that the real power in this country lies with the Federal Reserve.
QE did not start until Bernanke met with Obama and discussed it after the 2008 election. Obama then quickly reappointed him. Obama then picked QE supporter Yellen. All of Obama's lower Fed picks were also to QE supporters.
I am sorry, but Obama owns QE Trickle Down. Stop making excuses for Obama's actions. Obama enabled its existence and could have stopped it with making different picks. Just like Romney said he would remove QE Bernanke, Obama via actions said he would reward them.
I disagree! It made the wealthy UBER, FILTHY WEALTHY!! In fact it created the largest income gap in history! Well done.. The really scary part is they have nothing left for the coming crash..
Exactly, the banks handling the QE transactions got filthy rich.
I remember a time when the liberals on the left, you know, the OWS types, were completely opposed to crony capitalism, now they embrace it because a democrat is in the White House. Where's the outrage on the left over this? Where's their outrage over the runaway spending and an $18 trillion debt? <crickets>
Bernanke was Bush's pick, and QE started when Bush was in office, but Obama re-appointing him shows that the real power in this country lies with the Federal Reserve. Maybe not much longer but 100+ years was way to long anyway for a private institution to have a monopoly on printing money.
Poor helpless Obama, the guy can subvert the US Constitution and go it alone, bypassing our laws, the Constitution and bypassing Congress, but he just can't handle the Federal Reserve, and is forced to continue any and all Bush policies.
Exactly, the banks handling the QE transactions got filthy rich.
I remember a time when the liberals on the left, you know, the OWS types, were completely opposed to crony capitalism, now they embrace it because a democrat is in the White House. Where's the outrage on the left over this? Where's their outrage over the runaway spending and an $18 trillion debt? <crickets>
We're here, and we haven't supported Obama since 2009.
OWS was attacked by law enforcement, the media, and establishment types on both sides of the aisle.
Exactly, the banks handling the QE transactions got filthy rich.
I remember a time when the liberals on the left, you know, the OWS types, were completely opposed to crony capitalism, now they embrace it because a democrat is in the White House. Where's the outrage on the left over this? Where's their outrage over the runaway spending and an $18 trillion debt? <crickets>
OWS started while Obama was in office. The OWS types are now supporting Sanders. OWS got nowhere because the larger segment of (D)'s that had complained for years about crony capitalism dismissed them because Obama was in office.
Bernanke was Bush's pick, and QE started when Bush was in office, but Obama re-appointing him shows that the real power in this country lies with the Federal Reserve. Maybe not much longer but 100+ years was way to long anyway for a private institution to have a monopoly on printing money.
Quote:
Originally Posted by 2e1m5a
We're here, and we haven't supported Obama since 2009.
You are supporting Obama.
You just made excuses for Obama's own actions. You don't want Obama to be held accountable for making EVERY SINGLE Fed Pick to a QE Trickle Down Supporter.
Obama owns QE Trickle Down and you denying Obama's involvement in it is supporting him.
Quote:
Originally Posted by OICU812
Poor helpless Obama, the guy can subvert the US Constitution and go it alone, bypassing our laws, the Constitution and bypassing Congress, but he just can't handle the Federal Reserve, and is forced to continue any and all Bush policies.
It really isn't a Bush policy, it only existed the last month of Bush's presidency and Bernanke met with president-elect Obama before implementing it - not Bush.
Obama then went on to make every fed pick a QE supporter.
Exactly, the banks handling the QE transactions got filthy rich.
I remember a time when the liberals on the left, you know, the OWS types, were completely opposed to crony capitalism, now they embrace it because a democrat is in the White House. Where's the outrage on the left over this? Where's their outrage over the runaway spending and an $18 trillion debt? <crickets>
Roughly HALF of American workers are either directly or indirectly are invested in the stock market. Virtually all of those folks have seen gains due to QE. In addition, more than half of all Americans are homeowners - and they also have seen their wealth increase as their home values rose. That's a LOT of people who have benefited from something you seem to think only benefited the banks.
Sounds to me like you are just bitter that you weren't smart enough to put money in the stock market or the housing market. Maybe because you were one of those misinformed "doom and gloom" folks who believed that the dollar was going to collapse, gold was going to hit $5,000/ounce and the "shadow inventory" of foreclosed homes was going to drive home prices down to the point where you could pick up a house anywhere in the country for nearly free.
How'd that work out?
Ken
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