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Unattainable Government Goals
01/27/12 Baltimore, Maryland – Yesterday, investors digested the big news from Wednesday…the Fed's announcement that it would continue handing out money , asking nothing in return, for the next three years. Stocks went down. … The Fed projected that unemployment would drop no lower than 8.2 percent this year, just slightly below the current rate of 8.5 percent, and no lower than 7.4 percent by the end of next year. By the end of … Right now, interest rate policy doesn't work . Continue reading
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Tagged asking-nothing, baltimore, current, handing-out, interest-rate, money, policy-doesn, wednesday, year, yesterday
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Obamanomics: Economy Adds Zero Net Jobs in August; Update: U3 …
Unemployment steady at 9.1%. … policies that created the mess we find ourselves in: More unemployment benefits, tax credits for windmills and solar shingles, payoffs to unions or friendly CEOs, crony capitalism, cash for clunkers, tax credits for electric cars that don't work , tax credits for companies to hire the unemployed , etc., etc. … Businesses hire people when there's work that needs to be done, not because the government is handing out taxpayer- financed bribes. … Continue reading






