Well, it's difficult to get past cheer leading for your side, especially during the election cycle. The economy is really beyond the presidency although there are some policies that can be influenced by that office, it really is the job of Congress to set economic policies. Does anyone here have an issue with the Federal Reserve's qualitative easing policies? How about with the Federal Reserve period. Should private banks be in charge of our currency?
towermonkey wrote: Well, it's difficult to get past cheer leading for your side, especially during the election cycle. The economy is really beyond the presidency although there are some policies that can be influenced by that office, it really is the job of Congress to set economic policies. Does anyone here have an issue with the Federal Reserve's qualitative easing policies? How about with the Federal Reserve period. Should private banks be in charge of our currency?
I think you already know the answer to this question- especially if you ever listened to Ron Paul or just about any other libertarian on this issue of the FED.
It was my opinion way back when that Greenspan and the CRA (Community Reinvestment Act) actually created the housing bubble by manupulating the free market with government regulation....
The same Federal banking agencies that are responsible for supervising depository institutions are also the agencies that conduct examinations for CRA compliance.[10] These agencies are the Federal Reserve System (FRB), the FDIC, the Office of the Comptroller of the Currency (OCC), and the Office of Thrift Supervision (OTS). To help achieve the goals of the CRA, each of the Federal Reserve banks established a Community Affairs Office to work with banking institutions and the public in identifying credit needs within the community and ways to address those needs.[6]
Implementation of the CRA by these financial supervisory agencies is enacted by Title 12 of the Code of Federal Regulations (CFR); Parts 25, 228, 345, and 563e with the addition of Part 203 as it relates to sections of the Home Mortgage Disclosure Act (HMDA).[11]
There's no question that the FED today is doing great damage to our economy with the QE and bailouts. Not only are they printing money left and right and sideways- the artificial low interest rates as a result are crushing millions of senior citizens and other people by robbing them of their retirement and interest income.
If you don't think these policies have a crushing impact on the economy- your living under a rock.
towermonkey wrote: ... Does anyone here have an issue with the Federal Reserve's qualitative easing policies? How about with the Federal Reserve period.
The FED has and incredible amount of unchecked power to to effectively tax you through interest rates, and affect your wealth and savings with attempts to control inflation and currency valuation. Right now they are enabling banks and government to live off cheap borrowed money, while damaging savers and pension funds. More picking winners and losers.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
The war on savers? Maybe instead of AARP which is in the tank for the Dems, seniors need to form a new organization that will fight to correctly address the fake low inflation numbers and also fight the Fed and others who create artificially low interest rates.
Thomas Sowell: There are no solutions, just trade-offs.
Billions in lost interest to savers and Billions in saved interest by the Federal government is a hidden effective income tax. I like it..... "war on savers"
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
:thumbsup: 
