Republicans oppose potential Federal Reserve stimulus moves

[Ausm]

Nonsense on many levels.

Congress cannot stop fed reserve policy. The fed reserve is an independent agency. Congress has no control over it, much less a few Congresspersons.

This thread is much ado about nothing.

Fern

I think it has more to do with the threatening letter that the Repub leaders in Congress sent to the Fed and also the Repubs whining about the fact they can't do shit about what the Fed Reserve will do.

 

[Ausm]

While I believe what the Republicans are advocating on this issue is good and the direction we should look to first, I don't think it will create jobs anymore than what Obama is advocating.

But by all means, vote the Republicans into power again. Give them the presidency and a majority in the Senate. When the jobs don't come and the budget deficit remains just as bad, I'll try to resist the urge to say "I told you so".

The bandwagon-hopping we do as a country doesn't really fix anything that's broken... but it is amusing, to be sure.

What is highly amusing is that the Repubs RAN on JOBS JOBS JOBS yet they have produced ZERO bills in regard to creating jobs...I love the smell of hypocrisy in the morning :twisted:

 

[kage69]

You(my dimwitted little socialist) seem to have forgotten about the last 2+ years the dimocrats have had complete control and have ran this country into the ground.

So much fail in one sentence, wow, gonna make FNE jealous if you keep that up!


I'm not sure what's more amusing to me; your warped view on recent history or your need to label anyone criticizing the teapublicans as a socialist. The revisionism at least can be expected I suppose, your kind is still in deep denial over 8 years of Cheney, what's a couple more?
Would love to see you provide anything in the way of me advocating socialism, but knowing your posts I have doubts you even know it's definition.

Naw nm, probably best you just save us all some time and return to whatever Fox opinion segment you get your news from.
I could go along with the teapublicans simply for financial reasons (my family is pretty damn wealthy) but I reject their dogma and rhetoric because it's wrong and bad for the country. Hearing the same tired old bullshit from parrots like you does nothing to change that.

 

[GuitarDaddy]

Just shorten the title of the thread to "Repulicans oppose"
that would be more all inclusive and accurate.

 

[zsdersw]

You(my dimwitted little socialist) seem to have forgotten about the last 2+ years the dimocrats have had complete control and have ran this country into the ground.

This country didn't get "ran into the ground" in just the two years the Democrats controlled the presidency and Congress... it's been a long time coming, with Republicans equally responsible.

 

[fskimospy]

I tend to agree with you.

There is quite a lot of concern about this in the business community. It is but another of those 'uncertainties' affecting business decisions/ investment.

IMO, those who point to the current relatively low inflation and claim there is no threat of major inflation are being naive. Surely those who bought overpriced homes early in 2007 were equally as comforted by the then lack of deflation in real estate assets.

I believe inflation a significant looming problem.

Fern

If inflation were viewed as a serious looming problem, why would people be investing in treasuries that are paying at rates so low as to likely be negative in the case of significant future inflation? The market has spoken exceedingly clearly on this issue, it is not concerned about inflation. (part of the purpose of quantitative easing is a deliberate attempt to CAUSE inflation to push people out of treasuries and into actual investments)

As has been said before the term 'uncertainty' is code for 'i have no fucking clue what this means'.

 

[shadow9d9]

This country didn't get "ran into the ground" in just the two years the Democrats controlled the presidency and Congress... it's been a long time coming, with Republicans equally responsible.

Equally? Not even close. 12 years of congress control, with 8 of those years having the president... The democrats didn't have 60 votes when they took over(kennedy died within 6 months, lieberman kicked out of the dem party), and the gop broke records on fillibustering.

 

[dmcowen674]

Originally Posted by Budmantom
You(my dimwitted little socialist) seem to have forgotten about the last 2+ years the dimocrats have had complete control and have ran this country into the ground.

Hmmm History says otherwise, therefore you are the dimwit

 

[Darwin333]

If inflation were viewed as a serious looming problem, why would people be investing in treasuries that are paying at rates so low as to likely be negative in the case of significant future inflation? The market has spoken exceedingly clearly on this issue, it is not concerned about inflation. (part of the purpose of quantitative easing is a deliberate attempt to CAUSE inflation to push people out of treasuries and into actual investments)

As has been said before the term 'uncertainty' is code for 'i have no fucking clue what this means'.

They are only investing in short term treasuries and its because they are scared to invest in anything else right now.

And no that was not the purpose of QE. QEs purpose was to drive down the yields, partially to keep the .govs borrowing cost cheap and partially to lower mortgage rates in an attempt to boost housing. The absolute last thing the Fed has or does want to do is force people out of treasuries and/or have interest rates increase to offset the inflation. That would be completely opposite of their stated goal.

 

[fskimospy]

They are only investing in short term treasuries and its because they are scared to invest in anything else right now.

And no that was not the purpose of QE. QEs purpose was to drive down the yields, partially to keep the .govs borrowing cost cheap and partially to lower mortgage rates in an attempt to boost housing. The absolute last thing the Fed has or does want to do is force people out of treasuries and/or have interest rates increase to offset the inflation. That would be completely opposite of their stated goal.

Uhmmm, no. The purpose of QE is explicitly to cause inflation.

To learn more about this, please visit this URL!

http://www.businessinsider.com/what-is-quantitative-easing-2010-8

 

[PeshakJang]

They are only investing in short term treasuries and its because they are scared to invest in anything else right now.

And no that was not the purpose of QE. QEs purpose was to drive down the yields, partially to keep the .govs borrowing cost cheap and partially to lower mortgage rates in an attempt to boost housing. The absolute last thing the Fed has or does want to do is force people out of treasuries and/or have interest rates increase to offset the inflation. That would be completely opposite of their stated goal.

Only investing in short terms?

You don't pay much attention, do you?

 

[Munky]

Our economy is already wrecked. All the stimulus BS will accomplish is kicking the can a little further and digging the economy deeper underground while refusing to address the reality of the situation. The GOP is correct in opposing the stimulus, too bad I can't say the same about the Demotards.

 

[trenchfoot]

Our economy is already wrecked. All the stimulus BS will accomplish is kicking the can a little further and digging the economy deeper underground while refusing to address the reality of the situation. The GOP is correct in opposing the stimulus, too bad I can't say the same about the Demotards.

Mmmmmmm,OK. Not saying that I agree with you, but I'd like to know what your thoughts are IRT how the nation goes about fixing the mess we're presently facing.

I'm asking because history has shown that the Repubs had eight years of control over the nation's purse strings pushing the same "cut tax and deregulate" agenda that they're pushing right now with, at the time, weak opposition from the Dems and look what happened.

 

[halik]

About the best shot at a republic president come 2012 is if the economy keeps sucking, so I wouldn't be too surprised to the right side of the push against any attempt to change the status quo. Strategically speaking, they would be stupid to not to push against it.

 

[Munky]

Mmmmmmm,OK. Not saying that I agree with you, but I'd like to know what your thoughts are IRT how the nation goes about fixing the mess we're presently facing.

I'm asking because history has shown that the Repubs had eight years of control over the nation's purse strings pushing the same "cut tax and deregulate" agenda that they're pushing right now with, at the time, weak opposition from the Dems and look what happened.

The economic fallout we're seeing is the result of 30 years of bubble economics driven by excessive credit, leverage and speculation. For the last 3 decades, systemic debt has been growing faster than actual productive output of the economy. This path is unsustainable, and the toxic debt needs to be cleared, even if it means the people and institutions who made bad bets will go bankrupt. Until that happens, any stimulus and printing will not lead to an economic recovery, because it can't. It didn't work before, and it won't work this time.

Both parties deserve the blame for this idiocy. And I'm not letting the Repubs off the hook either, because they're responsible for repealing Glass-Steagall, thereby encouraging bubble economics.

 

[Ausm]

Mmmmmmm,OK. Not saying that I agree with you, but I'd like to know what your thoughts are IRT how the nation goes about fixing the mess we're presently facing.

I'm asking because history has shown that the Repubs had eight years of control over the nation's purse strings pushing the same "cut tax and deregulate" agenda that they're pushing right now with, at the time, weak opposition from the Dems and look what happened.

Don't forget to add that the so called "Conservatives" in the mean time were spending cash like drunken sailors on two unfunded wars,The giveaway to Big pharma called medicare part D and the trillions of dollar larded onto the Federal deficit with Bush tax cuts.

The most hilarious part is that the Repug perpetrators now all have become fiscal hawks ...LMAO

Oh before you jump my ass I realize some Dems signed onto this bullshit too just pointing out the blatant hypocrisy and typical Repug short term memory loss.

 

[Ausm]

Both parties deserve the blame for this idiocy. And I'm not letting the Repubs off the hook either, because they're responsible for repealing Glass-Steagall, thereby encouraging bubble economics.

:thumbsup::thumbsup:

 

[Fern]

If inflation were viewed as a serious looming problem, why would people be investing in treasuries that are paying at rates so low as to likely be negative in the case of significant future inflation?

It's a 'safe harbor' play.

At this point protecting yourself from loss of principal is worth it. Consider the low, or negative rates a form of insurance paid to guard against such loss.

Fern

 

[fskimospy]

It's a 'safe harbor' play.

At this point protecting yourself from loss of principal is worth it. Consider the low, or negative rates a form of insurance paid to guard against such loss.

Fern

So it's been a safe harbor play for going on three years now? Exactly how long will treasuries need to remain this low before you guys admit you were wrong? There's always a new excuse.

 

[Fern]

So it's been a safe harbor play for going on three years now? Exactly how long will treasuries need to remain this low before you guys admit you were wrong? There's always a new excuse.

Yes, we've had problems for about 3 years now. (Lehman Bros collapsed almost exactly 3 yrs ago.)

Treasuries will remain high priced/low yield so long as there are problems in the economy's and banking systems (either ours or Europe's).

When the economies are back up and running and the market judges the systemic problems behind us I look for Treasuries' prices to drop (and yields rise) substantially.

Fern

 

[fskimospy]

Yes, we've had problems for about 3 years now. (Lehman Bros collapsed almost exactly 3 yrs ago.)

Treasuries will remain high priced/low yield so long as there are problems in the economy's and banking systems (either ours or Europe's).

When the economies are back up and running and the market judges the systemic problems behind us I look for Treasuries' prices to drop (and yields rise) substantially.

Fern

Of course they will, everyone knows that. What's your point? That businesses aren't investing because they are afraid that the economy is going to improve so much that we will have inflation?

BTW, you are basically endorsing Paul Krugman when you say that.

 

[Doc Savage Fan]

Don't worry...it's coming if we keep this up.

 

[Fern]

-snip- What's your point? That businesses aren't investing because they are afraid that the economy is going to improve so much that we will have inflation?

This is not really about businesses (I say "not really" because some large companies do control rather large amounts of money). This is about those world-wide who control and manage large amounts of capital.

Fern

 

[rockingz1313]

The Fed will always be a politlcal arm of the WH when the heads of these orgs are appointed by the WH. The Fed, since Volker, has been happy to inflate away to "benefit" the economy

- cl.codemonster@gmail.com -

 

[werepossum]

While I believe what the Republicans are advocating on this issue is good and the direction we should look to first, I don't think it will create jobs anymore than what Obama is advocating.

But by all means, vote the Republicans into power again. Give them the presidency and a majority in the Senate. When the jobs don't come and the budget deficit remains just as bad, I'll try to resist the urge to say "I told you so".

The bandwagon-hopping we do as a country doesn't really fix anything that's broken... but it is amusing, to be sure.

This is true. Neither party (and no third party) really has a clue how to fix this problem; one party believes you can buy jobs without realizing that bought jobs last only as long as your pour money into them. The other party believes that we can cut and jobs will magically appear without realizing that the jobs lost from the cuts might even exceed the jobs gained from the cuts.

I won't pretend I have any easy answers either. This is a very complex situation that involves decades of bad decisions, forces (such as Europe and China) total beyond our control, irrational human behavior, and a great many complex variables we can only glimpse and whose inter-connectivity is largely hidden.