things are going to get worse before they get better

interesting event:  The US Federal Reserve, acting on its own, is writing checks to buy US Treasury bonds.  This is basically printing money to loan to the federal govt.  It is going to devalue our dollar so the Fed hopes people will be forced to spend more, not save more as prices go up.

The Fed doesnt ask permission from Congress or the President to do this.

The President is the one who has to explain to the world why their US bonds are losing value, and why their imports to the USA are falling off as prices rise.

I don't think this House and this President will agree the Fed was set up to create stagflation and a trade war.

Great! I can't wait for the wave of industrial projects to replace Arab oil and Chinese steel!

oh wait, we're on a carbon-reduction kick ain't we?

You hate the Illuminati?

Very simple theory from me: Before this election, the Democrats had a near-monopoly on power.  With the supermajority in the Senate (until the Massachusettes special election, that is) and control of the House, a unified party could have done whatever the hell it wanted on the domestic front, short of amending the Constitution.  When writing the Health Care bill, Democrats took a number of opportunities to tell Republicans that they didn't matter by drafting legislation that ignored 100% of GOP concerns (once the Democrats splintered on reform, individual Repubicans began to matter more).

With Republicans controlling both the House and enough senators to smash the supermajority to bits, Democrats now have to court Republicans (at least the more moderate Republicans) in order to pass legislation.  That means the system goes back to what makes it work: the fight for consensus-building and compromise among legislators.  Long story short, regardless of my politics, I like a divided government.

> [TI] Mrblonde wrote:

> If I'd live in America I'd be neither republican nor democrat. I'd just hate whatever group has power

thats me, but i hate republicans less then i hate democrats, so for like president i'll vote 3rd party, but in the smaller scale elections, where my vote actually might count, i vote republican typically to try to get those evil democrats out of office.  i wonder how many new democrats that were elected were either a minority or female. thats the democratic party's new strategy, make everything about race or sex.

zarfy,
while you have some spare time, care to post an on-topic answer to my last post in the "Trident replacement" thread?

Bernanke Faces Greater Scrutiny After Republican Election Gains
By Joshua Zumbrun - Nov 3, 2010 4:46 AM PT Tweet  (68)LinkedIn Share
Business ExchangeBuzz up!DiggPrint Email . Ben S. Bernanke, chairman of the U.S. Federal Reserve. Photographer: Tomohiro Ohsumi/Bloomberg

Play VideoNov. 3 (Bloomberg) -- Allen Sinai, chief global economist at Decision Economics, discusses the outlook for Federal Reserve monetary policy following yesterday's midterm elections. The Federal Reserve is expected to announce plans to resume large-scale purchases of securities in a bid to boost economic growth and employment, according to 53 of 56 economists surveyed by Bloomberg News last week. Sinai speaks from Boston with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Play VideoNov. 3 (Bloomberg) -- Former Federal Reserve Governor Randall Kroszner talks about the need for U.S. central bankers to keep deflationary expectations from taking root, and the effects of yesterday's midterm elections. Kroszner speaks with Sara Eisen in Chicago on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Federal Reserve Chairman Ben S. Bernanke may have to renew his battle to preserve the central bank

>audits would

I'd love to see a return to fiscal sanity, but I expect the Republican establishment to side with Democrats/socialists as much as they do with the "Tea Party" sentiment that it's a bad idea to spend so much we tank the dollar and ruin our kids' futures. =/ This problem is enhanced by the fact that measures that will tank our dollar soon have already been passed. Takeovers and bailouts have already been done. The healthcare industry already has its first big blow passed, just waiting to hit with full force in the coming years.

What I'm saying is that I don't have faith in Republicans. That the country has turned back to Republicans slightly, who were near as much of the problem as democrats, rather than a more sane group like Libertarians, is a testament to the fact that many Americans deserve what the USA has coming to it.

I'm American. This makes me .

Edit: Bernanke said under oath we wouldn't monetize the debt. He should be prosecuted when we do.

He will just climb into his helicopter and fly away

http://whatthefuckhasobamadonesofar.com/