Vote NONE OF THE ABOVE!
On Tuesday, get rid of incumbents who have done nothing but swindle the American public for the last decade plus.
Key Sentences: "Democrat or Republican, Elephant or Donkey, nothing much ever seems to change. Each party has shown it can add hundreds of billions of dollars to the national debt with little to show for it or move our military from one country to the next chasing phantoms instead of focusing on more serious problems back home. This isn't a choice between chocolate and vanilla folks, it's all rocky road: a few marshmallows to get you excited before the election, but with a lot of nuts to ruin the aftermath."
"We basically have two bankrupt parties, bankrupting the country."
"We are, as even some Fed Governors now publicly admit, in a 'liquidity trap,' where interest rates or trillions in QEII asset purchases may not stimulate borrowing or lending because consumer demand is just not there."
Unanticipated Consequences:
- Ignorance: The Fed is acting without gathering all the facts; essentially ignoring history and unlearning lessons.
- Error: The Fed has incorrectly assessed what the barrier is that is preventing the economy from moving forward -- it is not liquidity, it is loss of trust (which no amount of QE will fix - only time can repair it).
- Immediate Interests: It is beyond me why the Fed of the last 15 years continuously insists on manipulating the stock market in the short term. Whether it is QE or interest rate moves, it more often than not has appeared that the purpose of such policies has been to prop up the stock market in the short term, often at the expense of the economy in the long-term. The Fed's stated purpose is "to provide a safer, more flexible banking and monetary system." Politics and the stock market should have no bearing, yet both seem to creep in and take hold of most decisions -- just one reason why the system is in need of an overhaul.
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