By: Robert_McHugh_PhD
The June Jobs numbers were horrendous, just like May's were, telling us the QE2 strategy of the Fed has failed, and the Central Planners' policy to keep taxes high, and not significantly cut them or rebate them has failed. There is so much focus on making sure the rich get properly taxed that true economic stimulus is paralyzed. QE was false economic stimulus. Trillions of new dollars were printed, however there was no effective delivery system in place to move that money to households, where the real economy begins. Wall Street got the cash, bid up the price of commodities with that cash, and inflation rose. That was about it.
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HORRENDOUS? YES,IT IS ALL BY DESIGN. 9-11,HOMELAND INSECURITY,TSA,PUBLIC EDUCATION,ENERGY,UNCONSTITUTIONAL WARS,AND ON AND ON! WE ARE BROKE! JUST READ THE HISTORY OF WHAT HAPPEN IN ARGENTINA, IT'S ALL RIGHT THERE!
ReplyDelete"THOES WHO GIVE UP ESSENTIAL LIBERTY TO OBTAIN A LITTLE TEMPORARY SAFETY DESERVE NEITHER LIBERTY OR SAFETY." BEN FRANKLIN