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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRepublicans blame Obama for Fed action
WASHINGTON (CNNMoney) -- Republicans used the Federal Reserve's announcement of a third round of stimulus to blast President Obama, saying the lackluster economic recovery he's overseen is behind the central bank's "artificial" and "ineffective" move.
Most Republicans, including the campaign of presidential candidate Mitt Romney, used the Fed's move to tout their main campaign message going into the Nov. 6 elections, that Obama's economic stewardship has failed.
"The Federal Reserve's announcement of a third round of quantitative easing is further confirmation that President Obama's policies have not worked," said Lanhee Chen, policy director for the Romney campaign, in a statement Thursday. "We should be creating wealth, not printing dollars."
Republicans, including Romney, have criticized quantitative easing, the Fed's prime tool for juicing the economy by buying debt to increase the flow of money in the financial system. They say Fed is risking a run-up in inflation with the moves, which they dismiss as unhelpful.
More and video at the link: http://money.cnn.com/2012/09/13/news/economy/republicans-fed-qe3/
Rosa Luxemburg
(28,627 posts)JaneyVee
(19,877 posts)BumRushDaShow
(129,052 posts)for a job that pays $400,000 a year -what some of the "poorer" ones bring home a month.
zbdent
(35,392 posts)"Oh, wait ... he did something about the economy?"
"HE'S TRYING TO STEAL THE ELECTION BY DOING SOMETHING ABOUT THE ECONOMY!!!"
shintao
(487 posts)The good news is the people are not entirely ignorant, and they know three things. 1.) That Bush is to blame for the mess we are in, and 2.) that the GOP have been obstructionists to the economic recovery for the last 4 years, and 3.) they will be voting Obama back into office in November.
Now what you need to know is that as long as the GOP obstruction lasts, you are going to pay more and more taxes, and have less and less prosperity in your life. In other words, the GOP doing whatever it takes, is taking from your pocket and your future and your children's future.
I'll let you draw the conclusion that the vast majority of Americans have already decided on.
Oh, you might injoy this movie of GOP obstruction documentary. Get the popcorn and kick back.
BeyondGeography
(39,374 posts)Their problem is more and people are blaming them.
L0oniX
(31,493 posts)shintao
(487 posts)It is interesting that DC wants some magic bullet to cure our debts, but can't seem to get past capitalistic arrogance and greed to do it. It is interesting that capitalism hasn't cured itself if it is so great.