sold our future up the river. Another slap in the face of seniors too, as the Federal Reserve steals all interest rate since nobody can match their low lending rates. This will eventually be remembered as the War On Seniors by the Federal Reserve when the history is all written on it, and Greenspan and Bernanke will be the ones to blame. At the same time the interest rates seniors should be able to obtain on savings but aren't, (if they weren't having to compete against the money lending machine of the Federal Reserve), the other side of the play is to try and cheat them in the coming years on Medicare and Social Security. That will be accomplished by not raising the rates to keep up with the inflation factors now being sewn by the Federal Reserve. Both Obama and Congress sit on their hands and let Emperor Bernanke rule the economy with more funny money, which we all will have to pay back in taxes eventually, our children, our grandchildren.
....she's decided to remind you.
In Thursday's post, the 2008 GOP vice presidential nominee wrote Obama "is clearly revealing his rapid loss of any grip on the economic and security issues that are of utmost importance to our country."
"His economic and foreign policy blunders are manifesting chaos," Palin continued. "On the same day when we see more chaos erupting in the Middle East and President Obama declaring that Egypt is no longer considered our ally, the Federal Reserve announced that it will spend $40 billion a month to purchase mortgage-backed securities with no end date set. QE3 is upon us."
While presidents appoint chairmen of the Federal Reserve to a 14-year term, the bank operates independently of the government, and presidents traditionally do not comment on the actions taken by the bank's board. Actions taken by the Fed do not have be approved by the president or Congress.
That fact didn't stop Palin Thursday from casting the news stimulus as blindly political.
And this after criticizing Obama's response to the Libya attacks because apparently it wasn't militaristic enough.