Fed no less committed to stimulus after cut to QE: Bernanke

Comments (20)
PopUp wrote:

US jobs will be at a lower rate for as long as it it more profitable to produce junk overseas. Only when it hits corporations in the pocketbook, instead of giving them interest free money, will the job market in the US improve and sales in the US increase. Seems as if corporations cut off their noses to spite their faces. In the long run all will suffer. Trade pacts need to be rethought also. The Trans Pacific Trade Pact, that Obama wants to fast track will bring about the demise of all markets worldwide.

Jan 03, 2014 3:35pm EST  --  Report as abuse
PopUp wrote:

US jobs will be at a lower rate for as long as it it more profitable to produce junk overseas. Only when it hits corporations in the pocketbook, instead of giving them interest free money, will the job market in the US improve and sales in the US increase. Seems as if corporations cut off their noses to spite their faces. In the long run all will suffer. Trade pacts need to be rethought also. The Trans Pacific Trade Pact, that Obama wants to fast track will bring about the demise of all markets worldwide.

Jan 03, 2014 3:35pm EST  --  Report as abuse
PopUp wrote:

US jobs will be at a lower rate for as long as it it more profitable to produce junk overseas. Only when it hits corporations in the pocketbook, instead of giving them interest free money, will the job market in the US improve and sales in the US increase. Seems as if corporations cut off their noses to spite their faces. In the long run all will suffer. Trade pacts need to be rethought also. The Trans Pacific Trade Pact, that Obama wants to fast track will bring about the demise of all markets worldwide.

Jan 03, 2014 3:35pm EST  --  Report as abuse
PopUp wrote:

US jobs will be at a lower rate for as long as it it more profitable to produce junk overseas. Only when it hits corporations in the pocketbook, instead of giving them interest free money, will the job market in the US improve and sales in the US increase. Seems as if corporations cut off their noses to spite their faces. In the long run all will suffer. Trade pacts need to be rethought also. The Trans Pacific Trade Pact, that Obama wants to fast track will bring about the demise of all markets worldwide.

Jan 03, 2014 3:35pm EST  --  Report as abuse
PopUp wrote:

US jobs will be at a lower rate for as long as it it more profitable to produce junk overseas. Only when it hits corporations in the pocketbook, instead of giving them interest free money, will the job market in the US improve and sales in the US increase. Seems as if corporations cut off their noses to spite their faces. In the long run all will suffer. Trade pacts need to be rethought also. The Trans Pacific Trade Pact, that Obama wants to fast track will bring about the demise of all markets worldwide.

Jan 03, 2014 3:35pm EST  --  Report as abuse
PopUp wrote:

US jobs will be at a lower rate for as long as it it more profitable to produce junk overseas. Only when it hits corporations in the pocketbook, instead of giving them interest free money, will the job market in the US improve and sales in the US increase. Seems as if corporations cut off their noses to spite their faces. In the long run all will suffer. Trade pacts need to be rethought also. The Trans Pacific Trade Pact, that Obama wants to fast track will bring about the demise of all markets worldwide.

Jan 03, 2014 3:35pm EST  --  Report as abuse
PopUp wrote:

US jobs will be at a lower rate for as long as it it more profitable to produce junk overseas. Only when it hits corporations in the pocketbook, instead of giving them interest free money, will the job market in the US improve and sales in the US increase. Seems as if corporations cut off their noses to spite their faces. In the long run all will suffer. Trade pacts need to be rethought also. The Trans Pacific Trade Pact, that Obama wants to fast track will bring about the demise of all markets worldwide.

Jan 03, 2014 3:35pm EST  --  Report as abuse
PopUp wrote:

US jobs will be at a lower rate for as long as it it more profitable to produce junk overseas. Only when it hits corporations in the pocketbook, instead of giving them interest free money, will the job market in the US improve and sales in the US increase. Seems as if corporations cut off their noses to spite their faces. In the long run all will suffer. Trade pacts need to be rethought also. The Trans Pacific Trade Pact, that Obama wants to fast track will bring about the demise of all markets worldwide.

Jan 03, 2014 3:35pm EST  --  Report as abuse
PopUp wrote:

US jobs will be at a lower rate for as long as it it more profitable to produce junk overseas. Only when it hits corporations in the pocketbook, instead of giving them interest free money, will the job market in the US improve and sales in the US increase. Seems as if corporations cut off their noses to spite their faces. In the long run all will suffer. Trade pacts need to be rethought also. The Trans Pacific Trade Pact, that Obama wants to fast track will bring about the demise of all markets worldwide.

Jan 03, 2014 3:35pm EST  --  Report as abuse
PopUp wrote:

US jobs will be at a lower rate for as long as it it more profitable to produce junk overseas. Only when it hits corporations in the pocketbook, instead of giving them interest free money, will the job market in the US improve and sales in the US increase. Seems as if corporations cut off their noses to spite their faces. In the long run all will suffer. Trade pacts need to be rethought also. The Trans Pacific Trade Pact, that Obama wants to fast track will bring about the demise of all markets worldwide.

Jan 03, 2014 3:35pm EST  --  Report as abuse
PopUp wrote:

US jobs will be at a lower rate for as long as it it more profitable to produce junk overseas. Only when it hits corporations in the pocketbook, instead of giving them interest free money, will the job market in the US improve and sales in the US increase. Seems as if corporations cut off their noses to spite their faces. In the long run all will suffer. Trade pacts need to be rethought also. The Trans Pacific Trade Pact, that Obama wants to fast track will bring about the demise of all markets worldwide.

Jan 03, 2014 3:35pm EST  --  Report as abuse
PopUp wrote:

US jobs will be at a lower rate for as long as it it more profitable to produce junk overseas. Only when it hits corporations in the pocketbook, instead of giving them interest free money, will the job market in the US improve and sales in the US increase. Seems as if corporations cut off their noses to spite their faces. In the long run all will suffer. Trade pacts need to be rethought also. The Trans Pacific Trade Pact, that Obama wants to fast track will bring about the demise of all markets worldwide.

Jan 03, 2014 3:35pm EST  --  Report as abuse
herbxerx wrote:

None of my comments are ever posted, however some people’s posts appear a dozen times. Can I get a job as a moderator?

Jan 03, 2014 4:01pm EST  --  Report as abuse
elpaso wrote:

Popup has 14 copies printed 14 times herein. Where are the monitors??

Jan 03, 2014 5:30pm EST  --  Report as abuse
elpaso wrote:

Popup has 14 copies printed 14 times herein. Where are the monitors??

Jan 03, 2014 5:30pm EST  --  Report as abuse
cheeze wrote:

Just look at the amount of dollars being invested overseas by corporations. All those billions of dollars could be better spent here in America helping workers and the government with additional taxes. instead we are losing tax money and social security payments workers here could be generating. Pop up is right, until business is returned here in the US, the politicians “creating jobs” will be at the local Wal Mart and Mc Donald’s.

We desperately need to stop encouraging overseas commerce and bring it back home.

Jan 03, 2014 6:38pm EST  --  Report as abuse
dgss36a wrote:

Comments are utter twaddle.

Jan 03, 2014 7:42pm EST  --  Report as abuse

The United States’ economy is in a deep malaise with millions of Americans bankrupt, underwater, and unemployed. It is the Federal Reserve’s job to keep us prosperous. That requires that we have “enough” money and credit in circulation – not too much so as to cause inflation and not too little so as to cause unemployment, low levels of profits and tax collections, and government deficits.

The Fed has failed due to the weaknesses and lack of qualifications of its governors – the majority of whom are lawyers who never studied economics and all of whom have no real world experience in business or commercial banking.

The governors think they have increased the monetary base and they have and that tended to increase the supply of money and credit. Unfortunately they also stood idle while the reserve and capital requirements increased and more than offset the effect of the additional monetary base. As a result, only a handful of big financial banks were saved and the real economy of jobs and production was ignored and continues to suffer from a lack of money and credit.

Historians will view Bernanke and current governors as complete failures whose lack of appropriate educations and experience caused the United States to suffer great harm and hurt many millions of Americans. Real economists know that the situation is man-made and easily turned around. People interested in the economy and Federal Reserve governors without appropriate educations and experience would do well to read “the general theories of inflation, unemployment, and government deficits” or something similar. Understanding our economy and which policies do (and don’t) affect it is as imperative to curing our economic cancer as studying and practicing medicine is to curing cancer.

Jan 03, 2014 10:08pm EST  --  Report as abuse
zoinkers123 wrote:

It’s too early to praise Bernanke’s decision making. The Federal Reserve Corporation has been flooding the market with funny money. This sure has helped the bankers and their buds, but the average US citizen is in shock…let me tell you. Someone has been killing US manufacturing for over 30 years now by sending jobs to other countries. Bernanke cannot understand the reasons for decreased productivity in US workers, but on the individual-psychological level, the US economy is severely conflicted. As the funny money floods into the markets, this helps more people to buy more goods made in other countries. This increases the trade deficit. It’s a downward spiral. I guess “you get what you pay for” though. Well, you’re getting what you paid for, Wall Street & Washington. Luckily there are a number of corporations resuming production in the US, aka reshoring. That will have great psychological effect on the worker productivity even if wages remain stagnant

Jan 03, 2014 10:53pm EST  --  Report as abuse
PopUp wrote:

The largest banks (too big to fail) have become larger. They now control almost 60% of our economy. Nothing is being done to stop this dangerous precedent. The next crash will be castastrophic.

Jan 04, 2014 9:25am EST  --  Report as abuse
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