News Analysis: The new head of the U.S. Federal Reserve ‘FED’ evidences a Historical Predisposition to “Loose Money Makes Peoples’ Days Sunny” many say. The outgoing Head of the “Fed” did not exercise reserve when it came to Printing and Spending Money; this new incoming Head has been a Cheerleader of this same imprudent policy. Her low approval rate by the U.S. Senate is telling [and the vote was conveniently held during a hellacious Snowstorm; so Senators were not all present to vote].
The rationale of incurring in excess of Trillions of Dollars in Debt and retaining a 7 % Consistent Unemployment Rate demonstrates the Ineffectivity of the ‘Fed’s’ Monetary Policies. The $4 Trillion Dollars in Bonds acquired by the ‘Fed’ evidences potential gargantuan losses as well, many people opine.
The “Bottom Line” of the U.S. Government’s Naïve Approach to the Ignorant and Self-Serving Decisions by Managements in Banks, Finance, and Large Manufacturing Companies in America over the past couple of decades is being exposed. The aforementioned entities were deemed “Too Big To Fail” (by ‘Uncle Sam’). They (with their Lobbyists and alleged “Remunerations Dispersed”) were assured of ‘Bailouts” using Taxpayer Funds; Millions of Dollars of which have not been repaid.
The fact that the physically gigantic “Financial Stimulus Bill”, to help the aforementioned, was WRITTEN and SIGNED in the first 30 Days in Office makes many wonder how was that possible? Did Banks and such have their Attorneys draft it BEFORE the Presidential Election even took place? Such complex and lengthy documents can take Months to properly construct; especially when a Trillion + Dollars is involved! “Government Attorneys do not work that fast” many people think. Which of the Members of the Investigative Press ever inquired formally into this subject?
The Philosophy of the U.S. Government was to dissolve “Capitalism” as many knew it and substitute “Federalism” in its place. The Regime in Washington, D.C. dispensed with the Concept: Capitalism allows the “Efficient to Succeed, and the Inefficient to Fail”. Ergo, Business Evolution takes place and leaves the Efficient to continue. (‘Economic Adaptation’ it might be called).
The ‘Fed’ acted over the past eight years as the Chief Minion of “Federalism” and still has Mediocre Results for the Trillions of Dollars spent since the last Administration. The fact that the Mass Media choose to ignore these Enormous Expenditures over the past years and their poor results is telling. It indicates they will not see the upcoming Financial Pending Downturn; as they did not see 2008’s omens, many Economists are predicting.
And, think: Of the Trillions of Dollars spent, 7% Unemployment of Americans still remains.
Reality.
