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JRLeft

(7,010 posts)
Thu Sep 13, 2012, 08:43 PM Sep 2012

Republicans 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/

8 replies = new reply since forum marked as read
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Republicans blame Obama for Fed action (Original Post) JRLeft Sep 2012 OP
Is Lanhee Chen employed by Bain? Rosa Luxemburg Sep 2012 #1
Whose side are these morons on? JaneyVee Sep 2012 #2
They want the economy to fail so they can win an election BumRushDaShow Sep 2012 #3
"Obama isn't doing anything about the economy!" zbdent Sep 2012 #4
Well the good news is!! shintao Sep 2012 #8
They've blocked his policies BeyondGeography Sep 2012 #5
Blame = credit ...thank you (repukes) very much for giving Obama the credit. L0oniX Sep 2012 #6
Yes indeed, create wealth to pay te bills with! shintao Sep 2012 #7

BumRushDaShow

(129,052 posts)
3. They want the economy to fail so they can win an election
Thu Sep 13, 2012, 08:51 PM
Sep 2012

for a job that pays $400,000 a year -what some of the "poorer" ones bring home a month.

zbdent

(35,392 posts)
4. "Obama isn't doing anything about the economy!"
Thu Sep 13, 2012, 08:59 PM
Sep 2012

"Oh, wait ... he did something about the economy?"

"HE'S TRYING TO STEAL THE ELECTION BY DOING SOMETHING ABOUT THE ECONOMY!!!"

 

shintao

(487 posts)
8. Well the good news is!!
Thu Sep 13, 2012, 09:56 PM
Sep 2012

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.

 

shintao

(487 posts)
7. Yes indeed, create wealth to pay te bills with!
Thu Sep 13, 2012, 09:27 PM
Sep 2012

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.

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