In campaigning for the presidency, Barrack Obama inspired popular support of millions of voters by eloquently promising to “transform” America with “fundamental” change. Now his popularity is at its all-time low, his signature legislation, Obamacare, has been a disaster, his highly touted—and extremely expensive—stimulus program has failed. He has done nothing to lower the federal debt or tackle the future insolvency of Social Security, Medicare or Medicaid.And the economy continues to stumble 58 months after the recession officially ended.
Tagged: quantitative easing
A close look at the most recent statement from Federal Reserve Chairman Ben Bernanke after the formal announcement of QE3 a few weeks ago, plus articles and blogs in reaction[…]
The Federal Reserve’s “QE2,” also known as round two of quantitative easing, was supposed to drive mortgage interest rates lower, yet they have gone up. Meanwhile, the stock market is[…]