Dow soars 207 with news of QE3-GOP enraged

[ErikJ]

Their plans to trash the economy by Nov. have been dashed it looks like.

Stocks rally as Fed plans new round of stimulus

NEW YORK (MarketWatch) — U.S. stocks leapt Thursday, lifting the S&P 500 to its highest finish since 2007, after the Federal Reserve opted for a third round of quantitative easing to boost economic growth.

“They came in with the big bazooka,” said Nick Raich, director of research at Key Private Bank in Cleveland.

=========================================
Romney calls QE3 another ‘bailout’ for Obama economy
September 13, 2012, 3:54 PM (Marketwatch)
The campaign of Republican presidential nominee Mitt Romney called the Federal Reserve’s third round of quantitative easing another “bailout” for President Barack Obama’s economy on Thursday, while other GOP members wondered whether Fed Chairman Ben Bernanke was doing the administration’s bidding by calling for the jolt to the economy.
...............
Earlier in the day, other Republicans questioned the timing of the Fed’s action.

“It really is interesting that it is happening right now before an election,” Rep. Raul Labrador, an Idaho Republican, told The Hill prior to the Fed announcement. “It is going to sow some growth in the economy, and the Obama administration is going to claim credit.”

[yardwork]

1. Republican hypocrites. That's all.

[Lasher]

2. This week I've been wondering whose side they're on.

They're certainly not on our side.

[ErikJ]

9. I'd call it treasonous.

[RagAss]

11. Jesus Murphy, can Luntz be any fucking uglier?

[morningglory]

17. Actually, that is the most flattering photo of the blivet I have ever seen. nt

[julian09]

15. Why isn't this the cover story for TIME magazine or USA today front page story?. nt

[dreamnightwind]

20. Great question

and great pic. Saved to my hard drive.

[flamingdem]

19. nice poster n/t

[Raster]

27. Why is scumbag McConnell missing from this wanted poster?

He was part and parcel of the TREASONOUS activities.

[Ilsa]

3. Hey, Mitt: next time don't go

Running up and down the road screaming that you're going to dump the Fed Chair!!!

[goclark]

21. Love it! K and R

[Ilsa]

32. Thanks; of course, the GOP won't let him have a "next time."

And that's if the GOP survives.

[madaboutharry]

4. Of course the GOP is enraged!

How dare there be any action that would help move the economy! We are the GOP and we want things to be shitty!

[Ilsa]

5. Bernanke: 1, Mitt: 0. nt

[Curtland1015]

6. "This will help the economy and I'm PISSED!"

Nice Mitt. Keep digging that hole.

[girl gone mad]

10. It helps Wall Street speculators at the expense of savers.

Yes, if you think that is 'the economy', it helps.

Who knows why Republicans are screaming. Ordinarily, they're thrilled about policies which help the rich and hurt the poor.

[phasma ex machina]

29. +1 Banksters (Myth) get richer at the expense of the serfs. Myth knows it, but needs to play that

old "fiscal conservative" card for the sake of the election. Myth won't get many votes by admitting he's a warpig who wants to stick it to peasants on behalf of his bankster buddies. Myth is 100% owned by banksters.

[grasswire]

26. remember how Pugs used to scream that Dems were "talking down the economy"? n.t

[Kingofalldems]

7. Hey Cave dwellars:

Hahahahaha!

[cbdo2007]

8. I still think we're headed for a major "correction" in the first few weeks of October....

but this is good news in the long run. Hope it helps.

[Brother Buzz]

12. What Labrador is advocating: To Hell with economic growth until after the election

May those words come back to bite him in the butt.

[oldhippydude]

14. not a chance.. in Idaho n/t

[Brother Buzz]

24. I would settle for his words being hung around his neck

Attaching a face to the meme would be good.

[surrealAmerican]

13. This is why they deserve to lose big in the election:

It's not "President Barack Obama’s economy" it's the American people's economy. The country should not be left suffering just to make you more likely to get elected, republicans.

[CaliforniaPeggy]

16. What good are tools........if you don't use them?

[Jennicut]

18. Some economic growth is therefore bad?

Some Repubs are THAT petty and stupid.

[ladjf]

34. Worse than petty and stupid. They are mean and treasonous. nt

[Hab Habit]

22. Ain't capitalism GREAT?

[dreamnightwind]

23. More money for the banks

We're supposed to think this is good? Not so sure.

[Brother Buzz]

36. It also translates to more disposable income for middle class people

and those are the fine people who will inject money into the local communities and truly jump-start the economy again. I'm no economist, nor do I play one on television, but I understand that money multiplies five, six, seven times before the 1%ers are able to glom onto it and make it disappear. A thriving stock market helps everyone.

[pam4water]

46. Please tell me more about this new trickle down innovation.

[Brother Buzz]

47. Local Multiplier Effect is not new and its certainly not Trickle Down

Local Multiplier Effect (LME), old school Keynesian economics, is a theory, just like Trickle Down, difference being the Local Multiplier Effect tends to favors us 99%ers. Point being, I would desire the money to be in the hands of people that will spend it in my community rather then investing in an overseas factory or parking it in an offshore tax haven.

[pam4water]

48. The banks aren't loaning it out. There is not doing to be any multiplier effect!

[cynatnite]

25. Suck it up repukes. He's a bush appointee...

[unblock]

28. "hey, obama trashed the economy! oh, wait, but not so much that it needs help!"

"yeah, just enough that it needs a change of president, but not so much that it needs a change in fed policy!"

nice tightrope they're trying to walk.

[reformist2]

30. This could make some 1%-ers switch their votes (and money) to Obama.

Because let's face it - if you're a 1%-er and you're all about making money, you've got to be asking how Romney could do any better than Obama/Bernanke...

[cynatnite]

31. Wouldn't that mean Obama is doing a lousy job?

According to the RW nuts, he's a socialist.

[ProdigalJunkMail]

33. the dow soared because the dollar and interest bearing instruments

just got trashed again. when you keep interest rates at 0% or close to it, there is no use in doing anything with your money (if you hope to have any gains) other than put it in the market. this pretty much eliminates safe havens for money... there is going to be nothing with interest for years.

good luck saving... the only way to grow your money now is to put it in the casino known as Wall Street.

sP

[mick063]

37. The expert economists tell if me if I have this right.

Because i want to keep it simple.


Very low interest rates = more available money for lending.

More available money = printing more money.

printing more money = inflation

inflation = higher prices.


Face it folks. You can't print this much money without prices skyrocketing. Interest rates have been low for a looooong time and the inflation dam is going to burst.

That new refrigerator or sofa set you were looking at?

Buy it now. Buy everything now. Cases of canned food, vacuum cleaner bags, underwear, lawn fertilizer, etc., etc.

All of it is worth much more now than the money you will have later.

By the way.....I have followed that philosophy this year. Just had a new water heater installed last week.

[Art_from_Ark]

38. Gold, a traditional "safe haven" (I hate that term),

is up about 10% in just the past month. But yes, the days when you could get at least 5% on even simple savings are probably not coming back for a long while.

[malaise]

35. ReTHUGs hate America

Power by any means including destroying the country for their self interest.

Fuck those treasonous scumbags!

[L0oniX]

39. GOP = curses ...foiled again.

[ErikJ]

42. Plan B?

[DCBob]

40. This will likely have a major positive impact.

I think the economy is poised for a decent recovery and this might just be what it takes to give it the nudge it needs.

[Honeycombe8]

41. Yaaaaay! It's just a bounce, but this is great news. nt

[B Calm]

43. One minute they are crying that

the democrats are not cleaning up the republican mess fast enough, the next minute they are crying when the economy takes off.

Only one solution, vote republicans out of office and keep them out!

[pam4water]

44. Hello higher gas and food prices good-bye recovery. QE3 is going to be a disaster.

We need to write do bad dept, not put more on the government. It might be a reflexive no from Mittens, but this is throw good money after bad. There need to be institutional reforms. This is more propping up a of a falling system. Break up the banks and write down the debts before it is too late.

[Zalatix]

45. Yeah, I'm not sure if even a dime will go to the 99%