Progressive Magazine Loves QE2

From Progressive.org - We’re going to get a nasty serving of Republican policies in the next couple of years. And they’re already sending around a sampling. Republicans in Congress are proposing to amend the charter of the Federal Reserve Board not to make it more responsive to the people or less beholden to the banks. No, Republicans in Congress want to strip the Fed of any responsibility for promoting full employment. Since 1977, the Fed has had a dual mandate: curb inflation and boost jobs. But Republicans don’t care about boosting jobs. They don’t want Obama to do so by another stimulus package. And they don’t want the Fed to do so by either keeping interest rates low or by pouring money into the system, as it’s doing now. Read here:

Progressive Magazine Loves QE2