Thursday, September 16, 2021
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QE3: Just One More Hit on the Crack Pipe

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.

texasgalt
Texas native. Conservative small businessman with 31 years experience. Government should roll back the nanny state. No country can tax its way to prosperity. The question isn't who will let me but who will stop me?

6 COMMENTS

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6 COMMENTS

  1. Thanks TG this is (Isvestia? Pravda?)video is a priceless find. I don’t know where to begin with this one. In the first hundred words he managed to blame Bush and also blamed all the American people (that’s a new one I hadn’t heard that one yet)– then he actually went on to say FDR didn’t get to spend enough $$!! Poor Obama needs some more money? Well why didn’t they just say so! I know I am digging in my pockets.

    • I know what you mean . . . what to think? It doesn’t matter as many are awakening to the fact there is no deal to be had with this people. They need to be defeated and demoralized, as they were when the wall fell, only more so.

      Somebody pass it along McConnell and friends.

  2. Dean Baker is one sorry looking guy (see picture). All I can think to do to lighten things up is give him some material for standup tonight:
    1. Let’s see the last QE2 ended up beached and bankrupt… oh no that was the ocean liner!…[cymbal shot]
    2. Now you take this recession…please! How can we start another recession, when we never left the first one!…[cymbal shot].
    Hey at least my material’s better than his.

    • Maybe you’ll like the senior economics editor for Yahoo:

      “The irony, of course, is that the very attribute that pushed S&P to downgrade — the inability of the U.S. political system to agree on large topics — may help improve the fiscal situation. At the end of 2012, the Bush tax cuts are slated to expire. If the two parties fail to agree on some very controversial issues in the midst of an election year, taxes will rise across the board, on income and on investments, producing trillions of dollars in revenues over the coming decade.”
      Daniel Gross is economics editor at Yahoo! Finance.

      Ah,if only the economy was actually static . . .

  1. Thanks TG this is (Isvestia? Pravda?)video is a priceless find. I don’t know where to begin with this one. In the first hundred words he managed to blame Bush and also blamed all the American people (that’s a new one I hadn’t heard that one yet)– then he actually went on to say FDR didn’t get to spend enough $$!! Poor Obama needs some more money? Well why didn’t they just say so! I know I am digging in my pockets.

    • I know what you mean . . . what to think? It doesn’t matter as many are awakening to the fact there is no deal to be had with this people. They need to be defeated and demoralized, as they were when the wall fell, only more so.

      Somebody pass it along McConnell and friends.

  2. Dean Baker is one sorry looking guy (see picture). All I can think to do to lighten things up is give him some material for standup tonight:
    1. Let’s see the last QE2 ended up beached and bankrupt… oh no that was the ocean liner!…[cymbal shot]
    2. Now you take this recession…please! How can we start another recession, when we never left the first one!…[cymbal shot].
    Hey at least my material’s better than his.

    • Maybe you’ll like the senior economics editor for Yahoo:

      “The irony, of course, is that the very attribute that pushed S&P to downgrade — the inability of the U.S. political system to agree on large topics — may help improve the fiscal situation. At the end of 2012, the Bush tax cuts are slated to expire. If the two parties fail to agree on some very controversial issues in the midst of an election year, taxes will rise across the board, on income and on investments, producing trillions of dollars in revenues over the coming decade.”
      Daniel Gross is economics editor at Yahoo! Finance.

      Ah,if only the economy was actually static . . .

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