Shocker: Isalmists In Egypt's Jihadist Spring Now Kinda-Sorta Taking Hostages | Main | Science Shocker: Men Have Psychic Ability To Tell When Women Have Their Periods, Just By Listening To the Caterwauling Piping Out Of Their Yap-Holes
January 27, 2012

You Know Who Doesn't Agree The Economy Is Improving? Fed Chair Ben Bernacke, Who Intends To Keep His Zero-Interest-Rate Cheap-Money Policy Going Through 2014

This is monetary stimulus. You don't do stimulus in a naturally-growing economy.

Mull that one over: The Fed is declaring that it needs to run the same super-easy monetary policy when the economy is growing by 2% or 3% as it did amid the worst of the financial panic. And keep doing it past the horizon. The unavoidable implication is that the Fed doesn't think the economy will grow any faster until what would be halfway through Mr. Obama's second term. The other implication is that the Fed has no idea what to do other than to push even harder on the monetary accelerator. Maybe this time, it hopes, the economy's clutch will engage.


...

It's no coincidence that such a restatement of principles is coming now, when the Fed is looking to justify its extraordinary monetary interventions. If there were any doubt about this intention, Mr. Bernanke put it to rest in his press conference when he said more "quantitative easing" is likely if growth doesn't accelerate soon.

Facts: 1.7%. Crisis-level monetary stimulus. "Quantitative easing."

Spin: Green shoots. America is Back!

Simple question, really: If the economy is recovering, then why isn't it recovering?

Thanks to ATaLien.



digg this
posted by Ace at 04:05 PM

| Access Comments




Recent Comments
Serious Cat: " This will only help Trump. Very few of his Twee ..."

Max Power [/i] [/b]: "The Hawaiian judge will rule that Trump HAS to kee ..."

Skip: "DJT is more loyal and true American than any of th ..."

mikeyG [/i]: "[i]I almost spit soda all over my monitor and desk ..."

Lurking Lurker - Not In My Purview: "A federal investigation into their corrupt voter r ..."

LeftCoast Dawg: "By the way, Tim Pool talked about the possibility ..."

Trump poisoned my cat: ""281 Wonder how the DoJ investigation into social ..."

BackwardsBoy does whatever his television tells him[/i][/s][/b][/u]: "[i]A federal investigation into their corrupt vote ..."

TrivialPursuer: "P.S., today's Project Veritas report has a CNN swa ..."

13times: "..287I almost spit soda all over my monitor and de ..."

Bertram Cabot, Jr.: " [i]Clinton sued that guy and his robots for maki ..."

LeftCoast Dawg: "287 Ceded California to the progs Whoa ho ho ho ..."

Recent Entries
Search


Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64