House Democrats Request Hearing on Altering Fed Mandate They want to strip the central bank of its focus on employment. Looks like the Repbublicons and Dems can agree on screwing the little guy. This will be great for TBT.
What choice does the FED have? Congress has done nothing to reduce the size of the deficit, and without intervention rates would jump sky high.
The problem is that economy never really heals. We just switch drugs. Until the economy is allowed to fall and business repositions itself to a real economy, we're going to be in this constant pattern between easing and not easing.
If you want governments to take all this seriously then let the reality of their decisions come home to roost. Then you might actually see some real change. Until then we will float money to bandaid these problems.
Further eroding the strength of our economy and allowing our small businesses to walk dogs, personal trainers, and God knows what else.
We should have factories building the products of tomorrow. Not China.
Read the article again... The democrats are opposed to ending efforts to stimulate employment creation, and want a hearing to determine if they should aggressively seek to stop republican efforts to force the fed to fight inflation only. If the democrats fail, that will be good for tbt, for the rich, and for republicans... It would be bad for the country and especially for the unemployed. isnt it strange that everything that is good for republicans and their rich masters are bad for everyone else???