Dallas Federal Reserve Bank Chairman Richard Fisher expressed Criticism of the Federal Reserve Bank's and Mr. Bernanke's Decision to start a new Round of Bond Buying, without End in Sight, a Move which is the Equivalent of giving out $ 1.250,00 to each Man, Woman and Child in the United States, but with giving this massive Amount of Money only to Financial Institutions which, according to many, have been the Cause of the Economic Woes in the First Place.
http://economywatch.nbcnews.com/_news/2012/09/19/13969468-fed-dissident-says-latest-easing-wont-help-economy?lite
(Reuters)
There has been Criticism from elsewhere, as well. Some have suggested that Mr. Bernanke does not really have a ,,Strategy'' to deal with the Situation. One has to keep in Mind, this latest Move comes in Addition to the ,,Quantitative Easing'' and ,,Operation Twist'' being implemented by the former Princeton University Economics Professor.
http://m.welt.de/article.do?id=newsticker/news1/article109346604/US-Notenbanker-Fed-ist-ratlos-im-Kampf-gegen-Krise
(Die Welt)
Interestingly, there has been little Questioning coming from the President and his Opponent, Mr. Romney.
At a Time when the Economic Crisis, call it what you will, we think the Word ,,Crisis'' is still safe (unlike other ugly Words, such as ,,Recession'' or, worse yet, ,,Depression''), with a growing Class of Have Nots and a growing Class of Super Rich and the Middle Class shrinking at an alarming Rate, such Questions should be put on the Agenda for Examination.
http://economywatch.nbcnews.com/_news/2012/09/19/13969468-fed-dissident-says-latest-easing-wont-help-economy?lite
(Reuters)
There has been Criticism from elsewhere, as well. Some have suggested that Mr. Bernanke does not really have a ,,Strategy'' to deal with the Situation. One has to keep in Mind, this latest Move comes in Addition to the ,,Quantitative Easing'' and ,,Operation Twist'' being implemented by the former Princeton University Economics Professor.
http://m.welt.de/article.do?id=newsticker/news1/article109346604/US-Notenbanker-Fed-ist-ratlos-im-Kampf-gegen-Krise
(Die Welt)
Interestingly, there has been little Questioning coming from the President and his Opponent, Mr. Romney.
At a Time when the Economic Crisis, call it what you will, we think the Word ,,Crisis'' is still safe (unlike other ugly Words, such as ,,Recession'' or, worse yet, ,,Depression''), with a growing Class of Have Nots and a growing Class of Super Rich and the Middle Class shrinking at an alarming Rate, such Questions should be put on the Agenda for Examination.
