This is Just More Spending That Wont Do A Thing To Create Jobs.
How stupid do they think we are. Government will only create numbers that look a little better for a short time. They have done nothing but spend for the Globe not the American People.
The Federal Reserve launched a fresh effort to support a struggling U.S. economy on Wednesday, committing to buy $600 billion in government bonds despite concerns the program could do more harm than good.
The decision takes the Fed into largely uncharted waters and is aimed at further lowering borrowing costs for consumers and businesses.???????????
With 14.8 million Americans unemployed, factories operating well short of capacity, and inflation well below the range the Fed would prefer, some officials at the central bank see the risk of a vicious deflationary cycle where consumers hold off on purchases, choking off economic growth
.* (I Guess they think a Christmas spike in spending and, we will believe its an Obama Miracle) When the economy gets worse because not a dam thing to create jobs other, than Government and short time fixes. that lull us into believe they are not sending our Economy down the drain on purpose. Until it is is to late.)
The Fed will begin another round of quantitative easing. It will buy the treasury bonds at the rate of 75 billion a month. Economists and market analysts had expected the Feds to buy between 500 billion and 1 trillion so this amount is at the lower end of the scale. (*Gee Thanks)
Quantitative easing is meant to drive interest rates downward–although they cannot go that much lower!
(*I do not believe Americans would mind paying more for a TV. Just make it here!!!)