The Fed


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.

Having said that, I believe that

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?

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