Commanders Post at The Warpath - View Single Post - How would you fix the economy and budget issues?

12thMan · 07-04-2011, 01:13 PM

You guys are totally confusing the facts here. This article is referring to the stimulus passed by the Fed Reserve under Ben Bernanke, not President Obama. Under the direction of Ben Bernanke the Fed purchased $600 Billion in Treasury Bonds, also known as QE2. This has absolutely nothing to do with the "stimulus" Congress passed shortly after President Obama took office. In fact, the president of the United States doesn't control monetary policy, the Federal Reserve is the monetary authority. Alan Greenspan's critique was directed at Ben Bernanke's actions, not President Obama.

But since we're now talking about Obama's stimulus, anyone know what portion represented tax cuts? Firstdown, how come I don't hear you crowing about that?

07-04-2011, 01:13 PM	#3
12thMan MVP Join Date: May 2005 Location: washington, D.C. Posts: 11,460	Re: How would you fix the economy and budget issues? You guys are totally confusing the facts here. This article is referring to the stimulus passed by the Fed Reserve under Ben Bernanke, not President Obama. Under the direction of Ben Bernanke the Fed purchased $600 Billion in Treasury Bonds, also known as QE2. This has absolutely nothing to do with the "stimulus" Congress passed shortly after President Obama took office. In fact, the president of the United States doesn't control monetary policy, the Federal Reserve is the monetary authority. Alan Greenspan's critique was directed at Ben Bernanke's actions, not President Obama. But since we're now talking about Obama's stimulus, anyone know what portion represented tax cuts? Firstdown, how come I don't hear you crowing about that?