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?

Explore posts in the same categories: Politics

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