vote for one Obama, get Bush staffer free (employment, controversial, radical)

[gwynedd1]

Obama taps economist, banker as Fed governors | Reuters

While neither has laid out detailed views on monetary policy, Stein wrote a paper earlier this year suggesting he would back the Fed's unconventional efforts to keep down long-term borrowing costs, which have been controversial in Washington. The Fed for over three years has adopted an array of radical measures to keep interest rates low and spur recovery.

How long have you been spurning recovery, 4 years? Money goes into the economy from deficits and bank loans. Banks are not loaning, and the deficits have merely kept pace with de-leveraging. I don't know what you're up to, but nice poker face.

Stein, who previously worked for the Obama administration as an adviser to the Treasury secretary and a National Economic Council staff member, specializes in stock price behavior, corporate investment and financing decisions, risk management and capital allocation inside firms. He declined to comment on his nomination.

Independent thinker for sure.

The choice of Powell, who served at the Treasury during President George H. W. Bush's term in the late 1980s and early 1990s, could be aimed at mollifying Senate Republicans. They blocked Peter Diamond, a Massachusetts Institute of Technology economist, saying the Nobel prize winner was not qualified for the job and was too sympathetic to government intervention in the economy.

Its almost as good as having Bush. People who loved Bush having nothing to fear. Too bad I feared Bush and fear Obama.

In response to a deep recession and financial crisis, the Fed slashed interest rates to near zero and sharply expanded its balance sheet to $2.8 trillion to keep the economy afloat. Some analysts worry the Fed's asset purchases could make it harder for the central bank to tighten monetary policy when it decides the time is right.

step 1: new job opens up from stimulus for retooling spaghetti sauce plant to convert from 18oz jars to 16.2oz jars(same price). Pays extra $2 an hour.

step 2: Low interest rates spur investment in rental units in hot employment markets making smaller jars.

step 3: rent goes up $320 a month to cover finance charges.

step 5: a new president, more bureaucrats, and staffing with ex-Obama, ex-Bush people giving birth the political genre, neo-nostalgic-socialistic-fascistic-inclusive-reclusive-exclusive-recycled-centricism-ism.

step 6: Little girl's suggestion to let air out of truck tires still stuck in committee because of lobbying from heavy equipment manufactures, bridge builder's guild, the truck cartel, the hole filler union, and anti-rubber smelling air environmentalists.