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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (121038)	9/18/2012 11:20:40 AM
From: loantech	Respond to of 149317

Closer to 3.50%?

To: John Vosilla who wrote (121038)	9/18/2012 1:53:48 PM
From: RetiredNow	Respond to of 149317

Again, you and others on this thread point to the benefits with nary a thought to the costs. When we're talking macroeconomics, you have to look at the benefits and the costs to determine if this is a good thing to do. If I gave you 75% of my income, of course, you'd love it. But my family would not. These kinds of things are nothing but a transfer of wealth from one set of people to another. And if I thought that it was mostly the guy at the bottom that was benefiting, then I wouldn't even bother to complain about it. However, what I know for a fact is the primary beneficiary of Bernanke's policy actions are the top 1% and the banksters. It's organized criminal activity with a barely disguised patina of legitimacy. It's cronyism taken to the extreme and it makes the cronyism that happened in Russia and China look small by comparison.