Federal Reserve Preparing to “Pump” Money into the Economy to Help Obama’s Stagnant Economy…Just in Time for the Election

Scotty Starnes posted: " Think the Federal Reserve is scare of the thought of President Romney? Romney is behind the "audit the Fed" movement and The Federal Reserve is scared to open their books to the American taxpayers. A lot of theft and money printing has been going on s" Respond to this post by replying above this line New post on Scotty Starnes's Blog Federal Reserve Preparing to "Pump" Money into the Economy to Help Obama's Stagnant Economy…Just in Time for the Election by Scotty Starnes Think the Federal Reserve is scare of the thought of President Romney? Romney is behind the "audit the Fed" movement and The Federal Reserve is scared to open their books to the American taxpayers. A lot of theft and money printing has been going on since 2008. The economy is so bad, Democrats, like Chuck Schumer (D-NY), are begging for another round of money printing..uhh...quantitative easing. I'm still waiting on Congress to charge Fed Chair Ben Bernanke with perjury? Bernanke lied when he testified and promised The Fed wouldn't monetize debt. Now The Fed owns more US debt than China. From The Hill: A third round of "quantitative easing" could be coming soon from the Federal Reserve if the economy does not pick up steam, according to minutes released Wednesday. Several members of the Federal Open Market Committee (FOMC) said the Fed will need to do more to boost the economy if the recovery doesn't gain momentum, according to the minutes of a July 31 meeting. "Many members judged that additional monetary accommodation would likely be warranted fairly soon unless incoming information pointed to a substantial and sustainable strengthening in the pace of the economic recovery," the minutes stated. The Fed is likely to be accused of playing politics if it takes action before November, as the slow economy is considered to be the biggest obstacle for President Obama's reelection bid. "Many participants" of the FOMC said another massive round of bond purchases — the "quantitative easing" — could help support the economic recovery while boosting business and consumer confidence. However, a "few" members aired concerns that a further expansion of the Fed's balance sheet could increase risk in the financial system, and make it more difficult for the central bank to unwind those moves later on. Continue reading>>> Scotty Starnes | August 23, 2012 at 6:20 PM | Tags: Federal Open Market Committee, Federal Reserve, FOMC, monetizing the debt, Obama's economy, President Obama, quantitative easing | Categories: Political Issues | URL: http://wp.me/pvnFC-7Uf Comment    See all comments Unsubscribe or change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://scottystarnes.wordpress.com/2012/08/23/federal-reserve-preparing-to-pump-money-into-the-economy-to-help-obamas-stagnant-economy-just-in-time-for-the-election/ Thanks for flying with WordPress.com

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