Chuck Schumer Orders Bernanke to Print More Money TO RE-ELECT OBAMA

By William Bigelow | July 18, 2012 | Breitbart News

Yesterday, Senator Chuck Schumer (D-NY) urged Federal Reserve Chairman Ben Bernanke to start quantitative easing or similar measures before November. Then, incredibly, he ordered, “Despite two false starts, we’re having a much rougher time than we ever imagined getting unemployment down. So get to work, Mr. Chairman.” He reasoned that Bernanke should act because Congress refuses to: “Maybe after November we will.”

Yeah, that’s right. Pass the buck to Bernanke because Barack Obama sure ain’t gonna cut government spending or cut taxes, so all that’s left is to order the Fed to print more money. And before November, just in time for Obama’s re-election. If Bernanke had a magic stimulus under his bed, he should have whipped it out four years ago for the good of the country. Now, it’s just obvious that he’ll be inflating the economy for political reasons.

Sen. Jim DeMint (R-SC) warned against the plan, saying, “If we’re printing more money to buy more of our national debt, we are diluting the value of our dollar over time.”

Bernanke, of course, was disingenuous: “We will act in an apolitical, non-partisan manner to do what is necessary for the economy. We have said we are willing to take further action … it’s very important that we see sustained improvement in the labor market.”

Apolitical? Non-partisan? You’ve got to be kidding. Without the monetary easing that Ben Bernanke’s foisted on the economy, the unemployment rate would be in the mid-9% range rather than its current level of 8.2%.

Bernanke has been saving Obama’s bacon for a while now.

Second, since when was it the federal government’s job to ensure employment? The American way was for the government to stay out of our way so we could create jobs through entrepreneurship. When did it become the government’s job?

Can you say Franklin Delano Roosevelt? Barack Obama should be able to. After all, if he, Schumer, and the Fed keep inflating the currency, the 1930s may not seem such a distant memory at all.

View the original article here.

Comments

  1. Chuck Schumer-moron.

Trackbacks

  1. […] Chuck Schumer Orders Bernanke to Print More Money TO RE-ELECT OBAMA (johnmalcolm.me) […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Of Dust & Kings

Empowering Faith. Transforming Culture.

Watts Up With That?

The world's most viewed site on global warming and climate change

Blasted Fools

During times of universal deceit, telling the truth becomes a revolutionary act - George Orwell

A TowDog

Conservative ramblings from a two-job workin' Navy Reservist Seabee (now Ret)

Oyia Brown

A WordPress site to share a smile; then an anthology showing how things really are.

Village of the Banned

A Voting American Site

The Grey Enigma

Help is not coming. Neither is permisson. - https://twitter.com/Grey_Enigma

The Daily Cheese.

news politics conspiracy world affairs

twitchy.com

Who Said What

A Design for Life

Scribblings of a twenty-something politically and socially-minded nomad

SOVEREIGN to SERF

Sovereign Serf Sayles

The Neosecularist

I Said That? Yeah, I Said That!

danmillerinpanama

Dan Miller's blog

TrueblueNZ

By Redbaiter- in the leftist's lexicon, the lowest of the low.

Secular Morality

Taking Pride in Humanity

WEB OF DEBT BLOG

ARTICLES IN THE NEWS . . . . . . . . . . . . . . . . COMMENTS, FEEDBACK, IDEAS

DumpDC

It's Secession Or Slavery. Choose One. There Is No Third Choice.

Video Rebel's Blog

Just another WordPress.com site

%d bloggers like this: