In response to:

Obama's Misery Index

D G Wrote: Sep 21, 2012 9:39 AM
Energy prices are going up because of Obama's policies. Where is Keystone Pipeline for example? The Fed did end the Financial Crisis in 2009 with its TALF program (QE1). ...... However QE2 was a dud and I bet QE3 will also be a dud. Reason is QE1 was the right medicine for thawing credit markets in the Financial Crisis. ..... Now that the credit markets are thawed, other circumstances are impacting growth of the economy. These conditions can not be corrected with the Fed's monetary policies.

To give you an idea how bad the jobs report released on Friday is, consider this fact: The employment situation in the country is so bad that economists can’t accurately measure it with the existing tools they use to measure jobs. In other words, we have entered a period in our country not contemplated by economists. They simply don’t have the tools to measure what’s actually occurring in the jobs market.

Modern economists never imagined a scenario in which a country with as much wealth, power and innovation as United States could stretch out a jobs recession as long as...