QE3- Here it comes, maybe- Is that a GOOD thing?
FixTheNation.com - Your Voice, Your Vote, Your Country
RSS Follow Become a Fan

Delivered by FeedBurner

Recent Posts

Immigration Reform in 2018- What Can, or Should, be Done and How Bold Can, or Will, Washington DC be? It goes WAY beyond DACA or a Wall…
Life after Tax Reform, from Micro, Macro, & Beyond
Millennials - Who are they Really? What say YOU?
Here's a Tip, Congress... CUTSPENDING!
Fixing Education in America


A Better Day in America
America 2.0 - the Upgrade
Contract for America
Debt and Deficit- US
Environmental Protection Agency
Federal Reserve
Federal Trade Commission
First 100 Days
Fiscal Cliff
Foreign Policy
Freddie and Fannie
Health Care
International Intervention
New Businesses/Job Creation
Postal Service
Revenue- Job Creation
Sallie Mae- Education in General
Social Security
Spending Cuts
Trade Deals
TRUMP 2016
Trump Book
Why Reform
World Bank/IMF


January 2018
December 2017
November 2017
May 2017
April 2017
March 2017
January 2017
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
January 2013
December 2012
November 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011

powered by


QE3- Here it comes, maybe- Is that a GOOD thing?

Quantitative Easing- which we all know as QE- is about to happen from the Federal Reserve to us, the lowly taxpayer. The believe in programs like these is that we need some Fed action to spur economic activity, and through that job creation (which is one of their dual mandates).
My opinion is simply this- we have WAY to many issues, uncertainties, and barriers to economic activity to have any meaningful positive impact from a Fed decision. In theory, I get it. In actually, I think it is an act of futility.
The Federal Reserve already owns over 1 Trillion in US debt... with more on the way as the implement QE programs. Isn't one of the lessons we learned in the economic collapse that to much debt is bad? Granted, debt is a necessary piece of capitalisms' success.
The Federal Reserve is also going to have to unwind that position. What does that mean? We have to buy it back from them, so the more they do now- the bigger our US Gov't credit card tab goes- and the more that you and I will be on the hook for.
Are you looking forward to that day? Do you want that number to be bigger, for no gain? THAT is where my head is at right now.
We are in a do-nothing election year, about to hit the debt ceiling, facing a massive tax increase, sequestration (the automatic cuts into Federal Gov't spending), continuing implementation of the CFTC (financial regulation package) and AHCA (Obamacare mandate). Does this sound like an environment that a QE program would thrive?
Oh, by the way, we have the Euro-zone facing a monumental challenge, global slowdown, possible downgrade of US credit rating, extreme unrest in Libya/Egypt/Yemen, still have two active wars in Afghanistan and Iraq, and an energy pricing which has seen Oil and Gas increase by over 12% in the last 45 days at a time when energy pricing is normally dropping after the summer driving season.
Feel better now? Me either.
I get the feel to do something, and I agree with the need to do something. BUT you can't spend to spend, you need to make a better decision than that. But here is the ultimate kicker.
They can't do what is necessary like cut spending or raise taxes. They aren't the Congress. But they are the only game in town until Nov 6th..  HINT: Be sure and Go Vote on that day if you care about the ultimate direction of our country.
The White House doesn't lead. The Senate doesn't act. The House can't do it alone. GRIDLOCK is killing our economy more than anything.
And we are about to dump more money down a well on a new QE program?  WHY?
I think the American people deserve to know that answer before you go and put us in more debt. Don't you?

2 Comments to QE3- Here it comes, maybe- Is that a GOOD thing?:

Comments RSS
Benson Miller on Thursday, October 18, 2012 1:55 AM
Well, it's considerable under so many conditions what will be decided by the think tank of it. As a common person I want to see only the positive output of the project. Hope it'll be fruitful at the end of the 'QE program'. Thank you.
Reply to comment

Купить Домен com on Thursday, November 15, 2012 7:04 AM
Great site. I add this Post to my bookmarks.
Reply to comment

Add a Comment

Your Name:
Email Address: (Required)
Make your text bigger, bold, italic and more with HTML tags. We'll show you how.
Post Comment
Website Builder provided by  Vistaprint