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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bilow who wrote (755068)	11/28/2013 6:38:38 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1575328

ok. Carl, please explain to me why you believe QE has helped the 99%. If you had bothered to read the rest of my post, you'd see how I systematically debunked the B.S. that they are selling us. But I am interested in why you believe what you are told by Bernanke and Krugman about QE.

To: Bilow who wrote (755068)	11/30/2013 5:31:14 PM
From: RetiredNow	Read Replies (1) \| Respond to of 1575328

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.