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

To: Wharf Rat who wrote (137863)	9/30/2013 1:31:35 PM
From: RetiredNow	Read Replies (1) \| Respond to of 149317

Bingo. That's the problem with QE and ZIRP. The Fed said they'd focus on jobs, which Congress and Obama figured meant they didn't have to. Bernanke has become a drug pusher enabling Congressional malfeasance. Do we really believe the Fed's role is to engage in Central Economic Planning? Do we really believe the Fed has the tools and means with which to create jobs? Any smart person with an ounce of economics education will understand that the Fed doesn't create jobs. They can tinker and distort the economy, but they can't and don't create jobs. Hell, even Congress and Obama can't create jobs. The best they can do is create a framework that restrains the excesses of the financial institutions, while minimizing fraud and maximizing property rights, so that BUSINESSES can create jobs while counting on a strong regulatory culture and framework to ensure a level playing field to compete in.