Oh, it is coming. Bet on QE3.
If Western policymakers are looking for philosophical guidance, they should muzzle Grover Norquist and listen to St. Augustine. We need chastity, continence, and austerity … but not yet. Less-than-one percent growth is a time for governments to govern like gluttons.
That’s why the European Central Bank is fighting the contagious debt crisis by promising to buy Spanish and Italian bonds, which will push down their interest rates and allow the countries to borrow more cheaply until investors stop panicking and the ECB can unwind those assets. It’s why you’re seeing growing pressure in the U.S. to unleash another round of quantitative easing. —-Derek Thompson
You can count on this. Wall Street critters to never take their medicine. Same with the Lefties. Heck, they’ll even turn to the Saints if they think it will keep some gas in the engine that drives their rackets. Strange that, since I’m guessing based on their behavior they don’t often see the inside of a church … probably last there for a wedding or perhaps a baptism. How would these jackwagon market makers and Ivy League policy pimps answer the question at a Catholic baptism: “Do you reject Satan and all his works?” You are right, that’s mighty judgmental on my part but I’m not in a live and let live mood towards these devils.
So I said the
smart insatiably greedy, idealogically driven people are begging for more Barakalypse Now! (thanks Rush). Check this video:
Hey, how bout that Dean Baker from the Center for Economic Policy and Analysis? The economy is withering because, well, we didn’t waste near enough money. Just another lefty think tank socialist, working with folks churning out books asking for a fair look at the revolution in Venezuela. Here’s some more stupid from Deano, himself. Ain’t he a peach. A peach of a liar.
I would imagine Benny Bernanke over at the Fed is warming up this afternoon for tomorrows meeting, trying to find just the words to explain the next round of money printing. Maybe he will hold off for a week, but go ahead and book it. When he does, the left will applaud and Wall Street will shout Eureka! Main street will scream, all to the effect of another tree falling in an uninhabited forest.
Jobs? What jobs? Go forth and govern like gluttons, congresscritters. You know the drill.