I have never been a fan of either former Fed Chairman Alan Greenspan or current Fed Chairman Ben Bernanke. I believe that both men were far to cautious and made “inflation” into a four-letter-word.
Offering the third incarnation of its unconventional efforts to spark economic activity, the Federal Reserve on Thursday announced a new round of controversial bond buying, sending stock prices soaring and triggering angry criticism from some lawmakers in Congress.
will be a boost to the economy. The 200-plus jump in the Dow demonstrates that people have confidence.
And, farther down the story, all of the complainers have an ‘R’ after their name, as in
- Sen. Bob Corker, R-Tenn
- Rep. Paul Ryan, R-Wis.
- Republican Rep. Jeb Hensarling of Texas
After Mitt Romney’s foreign policy, faux pas, could this be the boost that will really put Obama over the top?