The first two rounds of quantitative easing made the wealthy even wealthier while causing living standards to fall for all the rest of us. Is there any reason to believe that QE3 will be any different?
Archive for Category: "Economy"
How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us
Obama’s high gas price policies ignored by Obamedia
The media is “in the tank ” for Obama. Administration policies are directly responsible for our continued dependence on terrorist supporting Middle East oil. Blocking the Keystone pipeline, limiting oil exploration on federal lands and offshore, using the EPA to attack the oil industry, kill the coal industry and stop new technology in oil and gas production in the US, Obama pushes up oil, gas and electric rates as he promised. More …
Climate Alarmism: Our sanity and wallets need a break
Back in the 1970s, many scientists warned of global cooling – and fretted that a new ice age brought on by fossil fuel use would cause glaciers to expand, wreaking havoc. [] Cataclysmic cooling? Dangerous warming? Is there something in between that can help initiate real debate, improve our understanding of how our climate works, and let us get on with our lives?
FED action hammers middle class to boost Obama
Stocks rally when the FED prints money helping Wall Street and banks. Yet the middle class pays more for groceries and gas while the Fed chairman admits there will be no improvement in unemployment for years to come.
Drill Baby Drill Creates Economic Miracle
Oil production in North Dakota continues to make it the most economically successful state in America, with record levels of employment and income growth, the lowest state jobless rate in the country, a state budget surplus of $1 billion, the lowest home foreclosure rate in the country, strong housing and construction markets, and jobless rates in ten of the state’s counties below 2.0%.
More Bad Jobs Numbers Show Results of Obamanomics
Unemployment claims jump again showing a continuation of Obama’s failed jobs policies and record spending. Wall Street and banks thrive on Federal Reserve action of creating more money out of thin air. The Fed’s policies have wiped out income from retirement accounts and savings. Gas and grocery prices continue to rise despite the government insistence that there is no inflation. Lower incomes, more in poverty, more inequality, more government dependence all show Obama’s policies are destroying the middle class. Can we afford four more years of national suicide?
Why OMT Cannot Possibly Solve Anything; Monti Warns Italian Unions; Over 200,000 Jobs at Risk; Italy’s Insane Labor Rules
The first structural problem is preposterous labor work rules in Italy, Spain, and Greece. The second structural problem is the ECB and the euro itself. One size interest rate policy cannot possibly work in a mix of cultures and work rules.
Obumanomics: Lower incomes, more poverty, more inequality, more dependence, blacks doing worse
The latest Census Bureau report shows that these are precisely the results Obama has delivered since taking office. – IBD
Democrats Have No Plan to Create Jobs
The current depression has not only changed the kind of jobs that people take but is changing the American character from self-reliance to dependence on government.
Women Hammered by Obumeconomy
Women continued to experience more than a twenty year low in labor force participation in August.