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If the US Congress and the Obama Admininstration was actually concerened about unemployment rates they would work to stop flooding the US labor market with cheap foreign labor rather than to pass laws to increase the imporation rate of cheap foreign labor.
Printing 80 billion a month hasnt worked neither has QE1 and QE2 so whats next Ben?
To say quantitative easing is giving "crucial support" is a under statement. Subtract back out the QE & we would be living in the Obama recession.
Title should read: Bernanke signals continued support for wealth transfer from poor/middle class to wealthy elite bankers.
I'm a Senior...I was told to take care of myself. I was told to plan for the future by Saving and Investing....Sooooo, I Saved and Invested and am Now being SCREWED over By the Fed and the Banking system because of Historically LOWWWWWW Interest rates,Meaning Zero,So that the Country can Try to Resuscitate a Crushed Economy Caused By Criminal Banking Practices because NOOOOOO Business people actually know how to run a Business without Government Largesse...No Matter How Loud They Scream about the Phony "Free Market System"..
The continued devaluation of the U.S. dollar is totally criminal. No different than another hidden tax increase. Bernake should be jailed along any number of the Wall Street cronies (past & present).
The president, all of congress, the banks and the CEOs of publicly traded corporations are on the same team. Ideologues are so easily fooled to believe there is a difference in parties.
Where does the money come from that the Fed purchases securities and other instruments? If this money is freshly printed then it would not be based on additional profit in the economy and therefore it devalues the dollar. Can someone please respond with an answer to my question?
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