Quote:
Originally Posted by mikesride
So to "dumb this down" for some of us.....If you need money this is good news, if you have money its bad news.....or am I missing a way bigger picture here? Not a smartass remark, but a real question, looking for real opinions from both sides of the political landscape if possible. Does the majority think this is a horrible or needed policy?
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That sounds about right to me. Problem is that the vast majority (and I mean like over 70%) of Americans have no idea what QE is, who Ben Bernanke is, what the Fed does or why it's bad for us. The only thing politicians care about is making sure that anyone who feels the pain is a small minority of people and, well, taxpayers are almost a minority. The majority will need money, already carry a lot of debt and so they'll think artificially low interest rates are a good thing.