President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (125622)	10/29/2012 1:41:53 PM
From: LLCF	Read Replies (1) of 149317

<From September 2008 through the end of 2011, Mr. Bernanke's Fed created $1.8 trillion in new money. But Fed policy makers were only warming up. In September they announced that they will engage in a third round of quantitative easing—that is, more money creation, ostensibly to spur growth and thus bring down unemployment—at a rate of $40 billion per month with no deadline.> Exactly why commodities are anywhere near where they were 4 years ago... Prices of EVERYTHING should be MUCH cheaper in a recession, especially a WHOPPER like this... When there IS a recovery, prices are gonna freakin SOAR!!!!!!! (assuming Bernanke is allowed to continue). Just a big give away to the wealthy and the banksters again... UFB. DAK

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