Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generator?

[Fenton]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

"Today, the Federal Reserve's duties fall into four
general areas:

-conducting the nation's monetary policy by influencing the monetary and credit conditions in the economy in pursuit of maximum employment, stable prices, and moderate long-term interest rates
-supervising and regulating banking institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers
-maintaining the stability of the financial system and containing systemic risk that may arise in financial markets
-providing financial services to depository institutions, the U.S. government, and foreign official institutions, including playing a major role in operating the nation's payments system"

FRB: Mission

Section 2A. Monetary policy objectives

The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.

[12 USC 225a. As added by act of November 16, 1977 (91 Stat. 1387) and amended by acts of October 27, 1978 (92 Stat. 1897); Aug. 23, 1988 (102 Stat. 1375); and Dec. 27, 2000 (114 Stat. 3028).]

FRB: Federal Reserve Act: Section 2a

It quite clearly is the job of the Federal Reserve.



Inflation was at 1.40% in May so what inflation are you talking about?

No, the Fed and it's monetary policies were never supposed to be the primary source for affecting job growth.

The FEDs focus on unemployment is unprecedented and hasn't worked.

You haven't posted any factual data to back up your claim that it has.

Oh and quit posting data from a corrupt administration. The CPI has food and fuel weighted so the recent price increases don't affect " inflation".

Its just another lie from this administration. Oh wait, what are the Libs blaming the increase on ? An unprecedented " drought " ?

Lol..we've never had one of those before.

 

[Campbell]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

The funny thing is that the buying power of the average worker has gone up as union membership has gone down, which refutes all that drivel you just posted.

LOL...give a little reference for that horse **** you just spouted.

 

[Papa bull]

Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

LOL...give a little reference for that horse **** you just spouted.

It's not horse****. It's a fact. You keep getting your panties all wadded ove graphs and rhetoric about "shares of the nation's wealth" and who's incomes have grown the fastest. I think it was one of the countless propaganda graphs you posted yourself showing gains in real dollars, whining that the middle classes gains weren't as great as the top one percent. You were so busy whining about that you didn't notice that all classes had gains in real dollars.

 

[pinqy]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Generato

Oh and quit posting data from a corrupt administration. The CPI has food and fuel weighted so the recent price increases don't affect " inflation".

The CPI hasn't made any changes in methodology under Obama, so I'm not sure what you think the administration has to do with anything. And you'd have say specificallly what you mean about food and fuel weights. Current weights for the CPI are from 2009-2010 and I don't know how you think those would mean recent price changes wouldn't affect the all items index.
A simple comparison of the CPI-U All Items and the CPI-U All Items Less Food and Energy show that food and energy have had a strong impact on the headline CPI:

 

[Campbell]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

It's not horse****. It's a fact. You keep getting your panties all wadded ove graphs and rhetoric about "shares of the nation's wealth" and who's incomes have grown the fastest. I think it was one of the countless propaganda graphs you posted yourself showing gains in real dollars, whining that the middle classes gains weren't as great as the top one percent. You were so busy whining about that you didn't notice that all classes had gains in real dollars.

It's horse ****! Look at the after tax earnings for the lower 60% beginning with Reagan's tax cuts:

 

[Papa bull]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

It's horse ****! Look at the after tax earnings for the lower 60% beginning with Reagan's tax cuts:

You can't see the forest for the trees, can you? I'm telling you that the middle class has more buying power now than they did 20 or 30 or 40 years ago and you're arguing that they don't because of some idiotic chart showing "shares of the wealth"? I'd go back and link you to one of the charts you already posted showing the increase in income for all levels (while trying to show how unfair things are since the top 1% gained the most). But it's not worth it. You're stuck on this and spinning your tires. Here's the bottom line....

The middle class have gained ground since the Reagan Era. Not as fast or as much as the top 5 percent, but that's to be expected. The thing we were arguing was whether or not the middle class has more buying power now than during the Reagan era and the fact is that they do.

 

[Campbell]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

You can't see the forest for the trees, can you? I'm telling you that the middle class has more buying power now than they did 20 or 30 or 40 years ago and you're arguing that they don't because of some idiotic chart showing "shares of the wealth"? I'd go back and link you to one of the charts you already posted showing the increase in income for all levels (while trying to show how unfair things are since the top 1% gained the most). But it's not worth it. You're stuck on this and spinning your tires. Here's the bottom line....

The middle class have gained ground since the Reagan Era. Not as fast or as much as the top 5 percent, but that's to be expected. The thing we were arguing was whether or not the middle class has more buying power now than during the Reagan era and the fact is that they do.

Friend....I would like to simply disagree but the fact of the matter is that you're locked in that hermetically sealed Republican bubble. In other words you're full of ****!! Folks who were earning $30 an hour are working for as little as $10-$12 dollars with no benefits.

Poverty Around The World


"The US for a long time has had the largest gap and inequality between rich and poor compared to all the other industrialized nations. For example in 2003, the top 1% received more money than the bottom 40% with the gap widest in 70 years. Furthermore, in the last 20 years while the share of income going to the top 1% has increased, it has decreased for the poorest 40%.

Inter Press Service also summarizes an updated report by the US Census Bureau that 1 in 7 people in the US are in poverty. In 2009, 43.6 million people — 14.6 percent of the population — were living in poverty in the U.S., up from 13.2 percent of the population in 2008. The United States currently has the highest number of people in poverty it has ever had since the government began counting in 1959"

 

[beerftw]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

Friend....I would like to simply disagree but the fact of the matter is that you're locked in that hermetically sealed Republican bubble. In other words you're full of ****!! Folks who were earning $30 an hour are working for as little as $10-$12 dollars with no benefits.

Poverty Around The World


"The US for a long time has had the largest gap and inequality between rich and poor compared to all the other industrialized nations. For example in 2003, the top 1% received more money than the bottom 40% with the gap widest in 70 years. Furthermore, in the last 20 years while the share of income going to the top 1% has increased, it has decreased for the poorest 40%.

Inter Press Service also summarizes an updated report by the US Census Bureau that 1 in 7 people in the US are in poverty. In 2009, 43.6 million people — 14.6 percent of the population — were living in poverty in the U.S., up from 13.2 percent of the population in 2008. The United States currently has the highest number of people in poverty it has ever had since the government began counting in 1959"

wow nice way to dodge his pint,he points out middle class has more purchasing power than ever,then you revert to income gap even after he pointed to it as irrelevcant.

then you point to poverty levels,which naturaly increase during recessions,andhas only been measured since 1959

 

[Campbell]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

wow nice way to dodge his pint,he points out middle class has more purchasing power than ever,then you revert to income gap even after he pointed to it as irrelevcant.

then you point to poverty levels,which naturaly increase during recessions,andhas only been measured since 1959

What he pointed to is a lie. The truth is that beginning with Reagan's tax cuts for the wealthy and firing of the PATCO workers the middle class of America has all but disappeared and more folks are working for minimum wage than ever before.

 

[Papa bull]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

wow nice way to dodge his pint,he points out middle class has more purchasing power than ever,then you revert to income gap even after he pointed to it as irrelevcant.

then you point to poverty levels,which naturaly increase during recessions,andhas only been measured since 1959

Moreover, the exact statement was "The United States currently has the highest number of people in poverty it has ever had since the government began counting in 1959". And that's enough right there to make idiots lose their minds and think the sky is falling because idiots don't realize that there SHOULD be a higher number since the population keeps growing. Bits of propaganda like that are intended for idiots and, apparently, reached their target audience as planned.

 

[Papa bull]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

What he pointed to is a lie. The truth is that beginning with Reagan's tax cuts for the wealthy and firing of the PATCO workers the middle class of America has all but disappeared and more folks are working for minimum wage than ever before.

That's a lie, too. The percentage of minimum wage jobs is dropping and typically only averages around 5 percent of all hourly wage jobs.

 

[Campbell]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

Moreover, the exact statement was "The United States currently has the highest number of people in poverty it has ever had since the government began counting in 1959". And that's enough right there to make idiots lose their minds and think the sky is falling because idiots don't realize that there SHOULD be a higher number since the population keeps growing. Bits of propaganda like that are intended for idiots and, apparently, reached their target audience as planned.

So that's what this is about. More blacks and latinos and less Republican votes.

 

[Papa bull]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

So that's what this is about. More blacks and latinos and less Republican votes.

You're really 78, huh? Have you been checked for dementia?

 

[Campbell]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

You're really 78, huh? Have you been checked for dementia?

LOL....I'll bet you watch Sean Hannity and listen to Lush Rambo. That's about the only thing which might explain your attitude. And Yes....you do have an attitude.

 

[Khayembii Communique]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

With the downward revision of Q1 GDP growth it seems unlikely for QE3 to be eased any time soon. It would require a latter-year growth in GDP that is unlikely to happen.

 

[beerftw]

Re: Are You Getting Your Share Of The Trillions Coming From Bernanke's Money Genera

What he pointed to is a lie. The truth is that beginning with Reagan's tax cuts for the wealthy and firing of the PATCO workers the middle class of America has all but disappeared and more folks are working for minimum wage than ever before.

well first off,the whole reagans tax cuts killed the middle class idea is among the most baseless claims ive heard,again the trend started in the early seventies after the ending of the gold standard,almost a full decade before reagan,and i dont think reagan has a policy time machine.

second the patco workers got fired for blatantly breaking federal law,federal unions are prohibited from striking,this was to prevent those unions from ceasing essential services as a means of endless blackmail.