1. #147061
    All-Pro Moke's Avatar
    Join Date
    Aug 2012
    Posts
    12,259
    Quote Originally Posted by Morehead State View Post
    We may be dealing with semantics here, but the Fed chairman IS appointed by the President.
    But the Fed is an independant agency. It is however....an arm of government.
    Independent but works in the government's interest, I believe.

  2. #147062
    All-Pro Morehead State's Avatar
    Join Date
    Mar 2007
    Location
    Westfield, MA
    Posts
    44,809
    Quote Originally Posted by JPizzack View Post
    correct. how was was this never questioned though? lol
    Well you mentioned that it wasn't a government agency.
    What the Fed is doing (and I know you know this since its your industry) is buying our debt. This is what they mean when we hear "Printing money".
    The fed is buying debt to try to keep the economy afloat.
    So we have.
    1. Hyper low interest rates
    2. Printing of hundreds of billions of dollars every year

    And still we have a struggling economy growing at around 2% per year, job growth that isn't keeping up with population growth (that requires about 200,000 new jobs every month) and the jobs that are being created are far lower paying than those that have been lost.

    To say that this administration has done anything other than a horrific job on the economy is fantasy. The irony is that those who are the Presidents biggest supporters (younger voters) are the ones more directly harmed by his mismanagement.
    Get well soon 80.

  3. #147063
    All-Pro dezzzR's Avatar
    Join Date
    Jun 2008
    Posts
    30,561
    Quote Originally Posted by byron View Post
    oh no the sky is falling


    lmao Ernest P Warrel!!

  4. #147064
    All-Pro dezzzR's Avatar
    Join Date
    Jun 2008
    Posts
    30,561
    Quote Originally Posted by Morehead State View Post
    Seminars on Obamacare? What does that mean? From who's perspective?
    Who is conducting the seminars?

    And trust me...there are many different ways that Obamacare will squelch innovation. This is just one example.

    http://articles.baltimoresun.com/201...t-stents-ideas
    Madona, Justin Timberlake, and Kanye West.

  5. #147065
    All-Pro Morehead State's Avatar
    Join Date
    Mar 2007
    Location
    Westfield, MA
    Posts
    44,809
    BTW...Miami is hot in the summer.


    Off to the beach folks.........
    Get well soon 80.

  6. #147066
    All-Pro Moke's Avatar
    Join Date
    Aug 2012
    Posts
    12,259
    Quote Originally Posted by Morehead State View Post
    BTW...Miami is hot in the summer.


    Off to the beach folks.........
    Enjoy the hot weather, wear that sun tan lotion.

  7. #147067
    All-Pro dezzzR's Avatar
    Join Date
    Jun 2008
    Posts
    30,561
    Quote Originally Posted by JPizzack View Post
    i should point out that the federal reserve is not a government agency, but the creation of it allowed the reserve to make money out of nothing. it's really a total control of an entire country's economy
    And everyone that tried getting rid of it was killed.

  8. #147068
    All-Pro JPizzack's Avatar
    Join Date
    Sep 2008
    Location
    Poughkeepsie, NY
    Posts
    27,515
    Quote Originally Posted by dezzzR View Post
    Justin Timberlake.
    how dare you.
    Oderint Dum Metuant

  9. #147069
    All-Pro JPizzack's Avatar
    Join Date
    Sep 2008
    Location
    Poughkeepsie, NY
    Posts
    27,515
    Quote Originally Posted by Morehead State View Post
    BTW...Miami is hot in the summer.


    Off to the beach folks.........
    oh man, my layover was in Miami, and I went outside to smoke a cig, and almost died. I can't handle that 99 degree, 95% humidity nonsense. it's killer.
    Oderint Dum Metuant

  10. #147070
    All-Pro Moke's Avatar
    Join Date
    Aug 2012
    Posts
    12,259
    Smoking a cigar in that deathly weather sounds well...eh...deathly.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts