nanningbob wrote:I understand why we did QE3. Prop up the real estate market so it can recover. Buy mortgage paper and hang onto it for several years and then slowly sell it back into the market. I get it. It worked, now they want it to solve unemployment, economic ills, create jobs, etc. It wont do that. We need a business plan not a finance plan. Now we will have another huge bubble go boom. It almost makes me sick. We had such a great country and we were working our way out of this mess but it is not because of the decision makers in Washington. I dont know how much more our great economy can take of this stuff. The fix is not that difficult.
Cut the budget, invest in business startups, produce assets instead of debt. Instead we got a Congress that thinks fighting for ......................... oh crap whats the use. Sad really. I am ready to become a full fledged Libertarian/Anarchist. LOL
That is why I voted for Ron Paul last time at least in the Republican primary. Only one way to cure this country & that is one term max for every elected seat in this country whether it is a city, county, state or congressional seat. If you cut it to one term then they cannot turn into career politicians getting paid off by lobbyists. Until that day happens the USA is going to get worse and worse. Maybe I should start the One Term Party
Regards,
Jeff
