Now what are the Republicans going to do?
Jul 23rd, 2010 by Randy Toman
This should show the people and the Democrats who is running the show, and guess what, not many will understand why the FED is doing something that appears to help the people.
Read it and go to the link
“Federal Reserve Chairman Ben Bernanke dropped a major bombshell on Democrats seeking massive new revenues to narrow the deficit, announcing Thursday that he favors preserving the Bush administration tax cuts to help a faltering U.S. economy.”
I do believe with this article we are starting to see the first issue of the FED understanding they may not be able to hold the economy together and must start to run the economy as if it were a capitalistic system that is truly affected by market conditions. Watch this one close, because the FED is not doing this for the good of the citizens but they are having serious internal problems and may not have it under control. The economy must expand or else it will die and the FED as just found that out. If that turns out to be true, that the FED does not have it under control and it must expand, stand by for 2011 and what is about to happen, for it will come apart quicker then most people think.
The Progressive’s will not bend to or give in to the FED and the Democratic Party is made up of a large percentage of Progressives in the leadership, so you have forces at play that could care less what the other thinks and will not give into each other. It’s going to be interesting to see how President Obama handles this and keeps everybody happy. The FED is setting up the USA (wanting the economy to expand) for war and the Progressives will go along with it wanting only the social aspect of the pie, control of the government (so they think) and the people.
What are the Republicans going to do?
WE SHALL SEE don’t you think?