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


To: RetiredNow who wrote (136015)8/21/2013 8:53:16 AM
From: ChinuSFO  Read Replies (1) | Respond to of 149317
 
MM, I am in the same boat as you. However the solution that you suggest is not what I support. That money Bernanke is printing should go to lifting the unemployed. If it is not doing so, then we need to fix the system to ensure that. My question: why is the system set up such that the money goes to Wall St. Why should the system not be changed to go to the Govt. with a specific mandate that it be used to create jobs by allocating them to infrastructure projects etc. Not for war and unemployment benefits.



To: RetiredNow who wrote (136015)8/21/2013 8:58:19 AM
From: ChinuSFO  Read Replies (2) | Respond to of 149317
 
Al Jazeera USA started broadcasting yesterday. Comcast, my cable TV provider is carrying it and I watched it for some considerable length of time. I like the international flavor of its reporting. From some of the news segments I saw there, I did some Internet searches and the impact to the world economy if Bernanke stops printing money is quite interesting. I thought I should share these few links if they interest you.

http://www.businessweek.com/articles/2013-06-03/infosys-founder-murthy-returns-and-faces-u-dot-s-dot-visa-shock?campaign_id=otbrn.bw.tech

http://online.wsj.com/article/SB10001424127887323423804579024712234377996.html

http://www.nytimes.com/2013/08/22/business/global/rupee-suffers-another-record-low.html