I never thought I would say this but Palin is right and Obama is wrong [View All]

regarding QE2.

QE2 is the fancy name given to the Fed's money printing scam that will be used to buy US treasury bonds. Got that? They will be printing money to buy bonds in an attempt to jump start the economy. There will be an extra $600 billion floating around. It's a joke and I would actually laugh if it wasn't so serious.

By printing money to buy treasuries, the Fed is actually hurting the poorest of Americans. It will cause commodity prices to rise dramatically because of the extra liquidity in the economy. Commodity prices have already spiked. Food and energy costs make up more than 50% of the expenses for poor Americans and this will only go up.

Who benefits? The wealthy of course. Ben Bernanke stated himself in is op-ed that the main goal was to pump up the stock market. The problem is that the increase in value of the market only increases wealth for the rich. Poor Americans aren't going to go out and buy new stuff because the Dow Jones hit a new 52-week high.

Yet Obama came out in support of this. Who the fuck is advising Obama? He's clueless.