"Obama is preaching the destruction of the middle class small business owner in order to pay that pound of flesh now demanded by the bankers. He ignores the fact that almost 70% of the entire accumulated national debt went to interest payments to the bondholders – not to improve the lives of people. This idea of socialism has in itself been a lie. For you see, the numbers do not lie. The bulk of the national debt has been interest payments not to help anyone but the moneylenders. He preaches "socialism" while practicing the hypocrisy of lining the pockets of the New York bankers. MF Global will not be prosecuted. Why? Corzine is his buddy?"
Bottom line is out of one side of his mouth our President preaches equality, socialism and the EVIL of Wall Street, while his #1 contributor is Goldman Sachs? WHILE the FED chief under his rule has made it so the AVG American cannot find yield, but same FED chief has publicly admitted he has targeted the stock market for appreciation for its "WEALTH EFFECT"
Who benefits the most when stocks go up? Who owns more stocks? You guessed right, the wealthy. The Conservative saver, retires person, or the avg person with some stocks in his IRA benefits the least, and the SAVER is penalized.
They have it now, where you are literally FORCED into RISK ASSETS in a YIELD STARVATION environment, even as it is shown, that current policies are NOT putting enough people back to work, but it IS LINNG THE POCKETS of the bankers, INSIDERS, and Wall Street Elite.
Here is another good read http://www.mauldineconomics.com/frontlinethoughts?utm_source=newsletter&utm_medium=email&utm_campaign=frontline "The consequences of easy money policy"
"I missed the part where Congress gave the Fed a third mandate, to target the stock market. But Bernanke not only takes credit for the stock market, he points out that the rebound in the housing market is also due to Fed policy, because it fostered lower mortgage rates. Which it did. But let's also remember that it was Fed policy that helped create the housing bubble to begin with. Which I don't remember Bernanke taking credit for, even though he was on the Fed then and up to his eyeballs in supporting that policy."