The Fed is intentionally destroying our economy and trying to dismiss it as some odd set of circumstances that they know nothing about.
The just finished printing and flooding the market with $600 million. This drove the price and value of the dollar down, gave foreign currencies much stronger buying power, and drove up the price of oil. What a great combination to get our economy humming along. Are we striving for a double-dip recession?
Now Bernanke says he's puzzled by this "soft spot" in the economy that is not responding. I can tell him where the soft spot is - and it's not where he thinks it is.
The Fed is bad for America. Printing fiat money is bad for America.
Don't forget the Bernanke and his pal Geitner are adamant about raising the debt limit - even more peril for us.
We need confidence in America for jobs to return and for the economy to show some life. Letting the Fed lead the way is going about it the wrong way.
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Steve Hoffacker - Consultant, Coach, Author, Blogger, Photographer, Motivator, Teacher, & Strategist - for Realtors, Real Estate Sales Professionals, Home Builders, New Home Salespeople, Entrepreneurs, Small Business Owners, and Independent Sales Representatives.
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