Welfare For Wall Street Is All We Can Afford......
On Monday the S&P 500 closed at it’s all time high. It has done that several times in October 2013.
On Tuesday the Federal Reserve confirmed its welfare for Wall Street program will continue unchanged.
Every 31 days Another $85,000,000,000.00. It has been doing this every month since Sept 2012.
It has pumped almost $1,000,000,000,000.00 into Wall Street. The Fed said this will continue until the jobs picture improves.
1 trillion dollars spent already. All time highs achieved. But still no jobs.
Yet the thinking is if they just keep doing this month after month somehow the results will change.
The Fed clearly doesn’t understand how our economy, or the stock market, work.
Meanwhile today 47 million poor people learned they will suffer from cuts in the food stamps program. The cuts will save 5 Billion. That amounts to about 2 days of Wall Street Welfare.
Nice going guys…. it is good to see such well placed priorities.
On Tuesday the Federal Reserve confirmed its welfare for Wall Street program will continue unchanged.
Every 31 days Another $85,000,000,000.00. It has been doing this every month since Sept 2012.
It has pumped almost $1,000,000,000,000.00 into Wall Street. The Fed said this will continue until the jobs picture improves.
1 trillion dollars spent already. All time highs achieved. But still no jobs.
Yet the thinking is if they just keep doing this month after month somehow the results will change.
The Fed clearly doesn’t understand how our economy, or the stock market, work.
Meanwhile today 47 million poor people learned they will suffer from cuts in the food stamps program. The cuts will save 5 Billion. That amounts to about 2 days of Wall Street Welfare.
Nice going guys…. it is good to see such well placed priorities.
posted by res17 at
November 01, 2013
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