Bernanke's losing battle?
In this installment of Investor Beat: The Fed chief tells Congress that it's too soon to end the stimulus program.
Also making news during Wednesday's market action, and covered in Investor Beat:
Shares of Lowe's (LOW) hit an all-time high on earnings news.
Shares of JPMorgan Chase (JPM) hit their highest point in a decade a day after shareholders voted to allow Jamie Dimon to keep his dual role of chairman & CEO.
Target's (TGT) first-quarter profit fell 26% and the retailer lowered guidance for the rest of the fiscal year.
Shares of luxury homebuilder Toll Brothers (TOL) rose on a 46% jump in quarterly earnings.
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I'm not really sure that some understand what Bread and Soup lines are...
Although Food Stamps, EBT, and SNAP are somewhat similar, they are absolutely not the SAME !!
EBT participants are not in a soup line.
Many still have jobs(maybe underemployed) have homes or a place to stay...Have families groups still together...And several "no doubt" are taking advantage of the system..
When that system fails....It can turn into a Depression.
NO Jobs, No Homes, No shelter, worthwhile; And total families are in despair.
Hence the Nation is in Failure..the poorer and middle classes are wiped out..
And all they have left is what can be begged on the streets, when that percentage gets too high we are in major castastrophe...No one will be driving around to food banks in a SUV, except the rich.
That's just horsesh!t Mirage, all this was layed in place LONG before Obama...
And you had better look towards your Congress to see 90% of the PROBLEM..
Ending two Wars, would be a good start; Plus cutting Defence Spending; That can be done without hurting any of our troops or numbers.
Quit giving gd money to these nutballs in the Middle East...and some other places.
And use that money to generate "real jobs" back here.
Yes infrastructure jobs are real jobs, and can help to sustain businesses and spending in other sectors of our economy...Yes a true trickle down effect.
Projects of those sorts have helped pull on our bootstraps before..
And the Corporate World and the Rich are too goddamn absorbed within themselves to help put America back on it's feet...They should be ashamed...But instead spout about Political treatment..
Political Treatment....My Azz......They've got it made.
Yes that was not a "TAX INCREASE"...It was a tempoary GIFT for people to buy fuel and groceries.
Until their lives got a little better.
And it was hurting SS solvency temporarily.
You stupid Republicans should really get your facts straight, before talking about tax increases.
And QUIT lying about it..
The War in Iraq, is essentially wound down, Big mistake we are still pouring money into the bastard's coffers...CONGRESS is allowing this to happen !!!
We have a timeline on Afghanistan...Again we are supporting monetarily WAY TOO MUCH to the rest of these scumbags in the Middle East and North Africa...That includes Israel.
Let Russia/China support them...
Bring those monies back to American soil to fund or redistribute to our people.
The Wealthy or Corporate Moguls, can die with all theirs as far as I'm concerned.
Again, the vast majority of Consumer, aren't pay higher taxes. The payroll tax thing was like not paying into your retirement 401K, now you are just returning back to paying into that fund, the full amount as per normal. That's how it stays viable. Now it's funny how some won't say Obama ever cut taxes via payroll tax. They only mention it when they want to push a Agenda. It was Obama that pushed for that tax reduction, and it was and still is, a bad idea. Now, most in congress are glad that's over, too bad they will only steal from a return to full payments. That has to change.
Infrastructure spending, creates the framework that keeps the economy working. In fact, companies won't even come to many local or state areas, unless you spend to upgrade your Infrastructure. That alone shoots holes in some folks theory about what infrastructure spending, does or doesn't do.
They way to create more jobs is increase the Average Workers Wages. The more they spend, the more JOBS are Created. Giving more to the already Wealthy doesn't work. They hoard cash, regular folks spend it back into the economy. They send jobs overseas and their cash to offshore entities, paying slave labor wages and little to no taxes. How it that working out for ya?
The QEs had the effect of creating wealth in various asset classes such as in real estate and the stock markets as well as allowing the refinancing of business loans at lower rates reducing their expenditures. The goal was to reduce expenses to both consumers and businesses, provide capital liquidity to a monetary marketplace that had lost trillions in commercial paper, backstopping banks and allowing them to recover from their losses in the commercial paper they held.
Was it worth it? Only history will tell.
LOM...Got our message, pretty much what I'm doing with REITS, for about another Quarter ?
LOSING BATTLE....Hardly, we do not have 30% of the population standing in bread and soup lines.
The Economy is on the mend in many fronts; The Markets are hitting new highs; Although neither are the same, but do have entanglements.
NO ONE promised a quick recovery as in past recessions...Housing and Jobs were going to be major lagging indicators..This has been known for years.
Cooperation at higher levels of our Government has been insane..A "STILL" dysfunctional Congress, and a President that seems afraid of his own shadow somedays?
Global Economies in mini Chaos....And we are the one that is considered a "safe haven" ?
Supposedly the Recession is over, I'm not convinced either?? But using "accepted indicators" we are coming along...
Inflation under control, same with deflation as far as I read....
The Government still has to CUT more spending, Wars need to be ended and Foreign "corruption monies" need to be stopped.
The Government and it's American people need help and guidance to find our ways.
I'm ashamed of the Corporations, Capitalist, Rich and Elite for not attempting more ways to help.
NOT ALL are bad apples, but monies need to repatriated, and not excuses or explanations of how they are following the "laws of the land."
Make deals on incoming for taxes, whatever?
But bring back the Wealth of our Nation, from where it was made and taken from..
The Americans that helped you make it, now need your help; And you turn a Blind Eye..
Still anemic growth is better than the alternative.
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The US isn't strong enough not to care about them now. But one day it will be.
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