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Politics : Formerly About Advanced Micro Devices
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To: Bilow who wrote (755068)11/30/2013 5:31:14 PM
From: RetiredNow  Read Replies (1) of 1575421
 
Here's another reason why QE does not help the 99%. You see how the assets are skewed to the wealthy, while the debt to income ratio for the 99% is very high? This means most of the benefits of QE go to the 1%. I know. My income keeps going up and my assets keep going up nicely. But the 99% are seeing stagnant income, layoffs, and shrinking assets. If they don't own a house, then basically, they are seeing declining net worth. Most of the 99% is being fucked royally by QE. It is the most unjust economic stimulus ever employed, especially given the scale of it, which is unprecedented in history.

QE and Keynesian economics has already proven to be a big failure. Democrats should apologize to the 99% for being inept economic leaders. So should the neo-GOP, which emerged under Bush Jr.

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