Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Stimulus by Fed Is Disappointing, Economists Say

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » General Discussion Donate to DU
 
Keith Bee Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 12:38 AM
Original message
Stimulus by Fed Is Disappointing, Economists Say
Source: New York Times

WASHINGTON The Federal Reserves experimental effort to spur a recovery by purchasing vast quantities of federal debt has pumped up the stock market, reduced the cost of American exports and allowed companies to borrow money at lower interest rates.

But most Americans are not feeling the difference, in part because those benefits have been surprisingly small. The latest estimates from economists, in fact, suggest that the pace of recovery from the global financial crisis has flagged since November, when the Fed started buying $600 billion in Treasury securities to push private dollars into investments that create jobs.

As the Feds policy-making board prepares to meet Tuesday and Wednesday after which the Fed chairman, Ben S. Bernanke, will hold a news conference for the first time to explain its decisions to the public a broad range of economists say that the disappointing results show the limits of the central banks ability to lift the nation from its economic malaise.

Its good for stopping the fall, but for actually turning things around and driving the recovery, I just dont think monetary policy has that power, said Mark Thoma, a professor of economics at the University of Oregon, referring specifically to the bond-buying program.

Read more: http://www.nytimes.com/2011/04/24/business/economy/24fe...



Said it before, saying it again: Screw the Fed. Obama should've relied on Paul Krugman from the get-go.
Printer Friendly | Permalink |  | Top
Orrex Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 12:41 AM
Response to Original message
1. Only tax cuts for the rich can save us now
Come on, Obama! How about throwing a bone to the Right once in a while?
Printer Friendly | Permalink |  | Top
 
Trajan Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 02:12 AM
Response to Reply #1
8. Oh hell yeah !
Where do I sign off on converting my wage to TAX CUTS FOR THE RICH ?

Poor/rich bastards need some help ! ....

Who else is going to pay to open up sweatshops in foreign lands so they can make a killing on cheap sportwear or McDonald's toy manufacturing ???
Printer Friendly | Permalink |  | Top
 
dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 12:45 AM
Response to Original message
2. The shovel ready projects were disappointing also.
They simply took too long to develop. I wonder what the best package would have been.
Printer Friendly | Permalink |  | Top
 
Psephos Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 01:08 AM
Response to Reply #2
4. They were 5% of the stimulus bill, and 95% of the P.R.
Which tells you all you need to know.
Printer Friendly | Permalink |  | Top
 
dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 01:38 AM
Response to Reply #4
7. Obama recognized that there really aren't shovel ready projects.
The permitting and bidding systems don't enable them.

Obama: "No Such Thing as Shovel-Ready Projects"

With unemployment hovering near 10 percent nearly two years after President Obama signed his economic stimulus package, Mr. Obama is acknowledging that, despite his campaign promises, "there's no such thing as shovel-ready projects."

The president gave that remark in an hour-long interview with the New York Times.

http://www.cbsnews.com/8301-503544_162-20019468-503544....



Printer Friendly | Permalink |  | Top
 
kenny blankenship Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 12:48 AM
Response to Original message
3. Seriously, someone is unrecommending this??
Ben, is that you?
Printer Friendly | Permalink |  | Top
 
libmom74 Donating Member (577 posts) Send PM | Profile | Ignore Mon Apr-25-11 01:10 AM
Response to Original message
5. Duh! How long ago did Krugman call this?
Tax the rich and corporations, close the tax havens and loopholes, fix our trade agreements, invest in clean technology and end the wars. I know, I know it won't happen we need to starve the poor and elderly and let the sick die off, oh and give even more tax cuts to the rich. YAY compromise.
Printer Friendly | Permalink |  | Top
 
jwirr Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 01:20 AM
Response to Original message
6. If all you want to do is make the rich richer then the rethug way is the
way to go but if you want to make a difference on main street which means in the households then you had better listen to Paul Krugman and Robert Reich. Spend baby spend. Targeted spending would be the best.
Printer Friendly | Permalink |  | Top
 
defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 02:15 AM
Response to Original message
9. Fed should NOT be making our economic decisions ... CONGRESS should. .. !!
These are political decisions which have to be decided by our elected officials --

not a private bank!!

Elites are profiting, as usual, from this "Great Recession" -- i.e., depression!!

Printer Friendly | Permalink |  | Top
 
BadGimp Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 02:29 AM
Response to Original message
10. I agree Keith
Printer Friendly | Permalink |  | Top
 
on point Donating Member (613 posts) Send PM | Profile | Ignore Mon Apr-25-11 04:23 AM
Response to Original message
11. Supply side economics is a fraud and just creates asset price inflation
Printer Friendly | Permalink |  | Top
 
xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 05:08 AM
Response to Original message
12. Who will be the first in the admin to express surprise? Nt
Printer Friendly | Permalink |  | Top
 
datan Donating Member (59 posts) Send PM | Profile | Ignore Mon Apr-25-11 05:19 AM
Response to Original message
13. so sad...
no one here understands the difference between the fiscal stimulus taken by Obama and the monetary stimulus (QE) taken by the Fed...
Printer Friendly | Permalink |  | Top
 
No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 05:23 AM
Response to Original message
14. Obviously, Obama wants Republican economic policies. He appointed
a Republican as Secretary of Treasury and re-appointed Bush's Fed head.

The guy who ran on change.
Printer Friendly | Permalink |  | Top
 
defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 01:11 PM
Response to Reply #14
16. +1000% --- "No Change = Change" .... "War = Peace" -- Newspeak -- !!
Edited on Mon Apr-25-11 01:12 PM by defendandprotect
Printer Friendly | Permalink |  | Top
 
defendandprotect Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 01:10 PM
Response to Original message
15. American have to understand decision-making is being REMOVED from elected officials --
and into back rooms -- back channels --

onto "panels" and "commissions" -- and other avenues to suppress

the voice of the voters via their elected officials --

And for those elected officials already pre-owned and pre-bribed by

corporations, it's a CYA method of denying responsibility!

Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Wed Oct 01st 2014, 06:28 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » General Discussion Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC