Does the Fed action yesterday underscore Democrats & Obamas porkulated stimulus only added debt 2 our economy?
Question : Does the Fed action yesterday underscore Democrats & Obamas porkulated stimulus only added debt 2 our economy?
The Federal Reserve, facing an economic recovery that it termed “more modest” than anticipated, said Tuesday it will stop shrinking its huge portfolio of securities by reinvesting the proceeds of maturing mortgages in U.S. Treasury debt.
The Fed move is largely symbolic and is unlikely to stimulate the economy significantly. But the shift in the management of its portfolio—and an accompanying statement—underscored Fed officials’ concern about the vigor of the economic recovery. It also opens the door for bigger purchases of Treasurys or other securities should the economy falter or the risk of deflation grow, though the hurdle for such action remains high.
http://online.wsj.com/article/SB10001424052748704164904575421481861512518.html?mod=WSJ_hpp_MIDDLENexttoWhatsNewsSecond
online debt management
Best answer:
Answer by Billy Blaze
No. That’s faulty cause-and-effect you’re engaging in. Like most of what you say, it’s a bogus argument.
No. The g0p fought and widdled down the stimulus. Now many economists are saying it was too small to have effectively addressed the problems. So the g0p screw it up and now they are complaining it’s not working. THANK YOU G0P!!! If stimulus didn’t pass we might very well have 15% unemployment.