Editor's Note - We are reprinting this story from last year as today marks the one year anniversary of this particular Bernanke abomination accomplishment.
Barack Obama won the great tax-cut showdown of 2010 - and House Democrats don't have a clue that he did. In the deal struck this week, the president negotiated the biggest stimulus in American history, larger than his $814 billion 2009 stimulus package. It will pump a trillion borrowed Chinese dollars into the U.S. economy over the next two years - which just happen to be the two years of the run-up to the next presidential election. This is a defeat?
A reporter is doing an interview and is obviously recording. Do these guys even think before they begin speaking.
After flattening out, it's headed higher once again with QE2. One question, when the Fed wants to sell MBS and other securities, who's gonna buy?
Dec 15, 2010 at 12:17 AM
