More lies from Romney

[32valves_of_pleasure]

You need to do some research on historical GDP growth. Did I ever mention Bernanke once? Once again to reiterate my statement about the similarity of all supporters.

no u.

it was the fed's decision for quantatitive easing super genius. so i simply drew a line that you were inferring bernanke, who is the fed chairman.

[347Mike]

Pumping money into economy won't fix it. Confidence will. They can pump all the money they want but if no one bid comfortable on spending nothing will happen.

[CJ]

what is your measurement for not do anything at all? the GDP has grown the last two years.

bernanke is a republic appointed by bush, so i'm not sure what political agenda you think he has. anything political anyone says infront of the camera right now shouldn't be trusted, it's all just posturing to get people to vote.

You need to do some research on historical GDP growth. Did I ever mention Bernanke once? Once again to reiterate my statement about the similarity of all supporters.

[naynay]

what is your measurement for not do anything at all? the GDP has grown the last two years.

bernanke is a republic appointed by bush, so i'm not sure what political agenda you think he has. anything political anyone says infront of the camera right now shouldn't be trusted, it's all just posturing to get people to vote.

finally someone who "get's it"

[32valves_of_pleasure]

It frees the lenders up so they do not have as many losses. Rates increase due to many factors, one of which is expenses on servicing those loans, and also the amount you're extended on your line of credit. US buys up a bunch of mortgage loans, banks are freed up. Essentially the end result is the lenders will continue to buy loans the same way, without adjusting their rates. This will cause their portfolio to grow again with unstable and less profitable mortgages - further lengthening the depression in the housing market.

Here's a quote from Gus Faucher - senior economist explaining the same thing, essentially:



It's all Political. This is QE3, the last two stimulus QE1 and QE2 didn't do anything at all besides waste billions. Anytime the government intervenes in the private industry it's artificial and very dangerous. This is yet again government intervention into the private market to force artificial rates to give voters the impression the economy is not getting any worse. The end result will be detrimental to the economy. This is all fake. The market is not correcting itself, it's being stimulated. The truth is all proponents of QE3 and Obama have one thing in common, they don't understand the economy.

what is your measurement for not do anything at all? the GDP has grown the last two years.

bernanke is a republic appointed by bush, so i'm not sure what political agenda you think he has. anything political anyone says infront of the camera right now shouldn't be trusted, it's all just posturing to get people to vote.

[Craizie]

^watch it buddy, I'm from Canaduh

Everybody be cool! We might start an apology war.

[Dlachance]

^watch it buddy, I'm from Canaduh

[A+]

Fuck it. I'm going to Canada. Dem or Rep in office, were fucked. Ill probably start posting at dfwstangs and start saying aye after every sentance.,.,..

[jw33]

But all their friends will go broke???

[CJ]

I pity the next POTUS who has to deal with this. Poor bastard...

It's not rocket science it's economics, just get your damn hands out of the free market system and let it correct itself. Whenever the market is about to correct itself (which usually comes with a temporarily negative outlook) the administration steps in and stimulates so they don't look bad.

[CJ]

I pity the next POTUS who has to deal with this. Poor bastard...

It's not rocket science it's economics, just get your damn hands out of the free market system and let it correct itself.

[Vertnut]

QE3 is yet another vehicle for inflation. This administration feels compelled to force the free market to do whatever they want. It's the entire modus operandi of this administration - force everything to work the way they want it. If they can't produce results, they will fake them. The victim is the people and an economy that is perpetually in a state of stimulation, and never recovery.

I pity the next POTUS who has to deal with this. Poor bastard...

[CJ]

If people aren't buying right now with 3% mortgages available, what will 2% do? This is what happens when a fucking "community organizer" who has never had a real job, is in control of an economy.

QE3 is yet another vehicle for inflation. This administration feels compelled to force the free market to do whatever they want. It's the entire modus operandi of this administration - force everything to work the way they want it. If they can't produce results, they will fake them. The victim is the people and an economy that is perpetually in a state of stimulation, and never recovery.

[Vertnut]

Just focus on those bold words in that quote from the fed and their ambition, and remember that's $40 billion of our dollars and that is what they spent it on, those bold words.

If people aren't buying right now with 3% mortgages available, what will 2% do? This is what happens when a fucking "community organizer" who has never had a real job, is in control of an economy.

[Dlachance]

Just focus on those bold words in that quote from the fed and their ambition, and remember that's $40 billion of our dollars and that is what they spent it on, those bold words.

Wow. I just re-read that a few times. Crazy stuff.