In response to:

Obamanomics Has Failed Dismally

Joeski Wrote: Sep 15, 2012 12:26 PM
We tried our plan…and it worked.” – Barack Obama - 43 straight months of unemployment over 8%. - 23 million unemployed. - 22.7 million underemployed - Economic growth stagnated at 1.4 %. - 42 million on food stamps – a 45% increase. - Median household income down $4,300. - Black teen unemployment rises to 37%. - 2 million more Hispanics living in poverty. - 3 in 10 young adults living with parents. - Bankruptcy filings have increased by 41%. - Foreclosures increased by 34% per year. - Price of gasoline has increased 88%. - Americans living in poverty have increased by 17%. - Credit rating was down-graded – first time in American History - Added 6 TRILLION to the deficit in just 4 years. - Unsustainable 16 TRILLION dollar debt overall.
Steve539 Wrote: Sep 15, 2012 4:10 PM
After the post above, do you liberals have any questions?

I didn't think so!

About 30 years ago, Paul Volcker launched a monumental monetary effort to bring down inflation. As Fed chairman, he sold bonds, removed cash from the economy and cared not one wit about rising interest rates. And it worked. Gold plunged, King Dollar soared, and the drop-off in bank reserves and money extinguished high inflation -- and actually launched a multi-decade period of very low inflation.

This week, current Fed chairman Ben Bernanke embarked on an absolute reversal of Volcker's policy. He is launching a monumental effort to buy bonds and inject new money into the economy in order to reignite economic...