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still_one

(92,738 posts)

30. No offense but I really question Bernies knowledge of economics if he is blasting

Wed Dec 16, 2015, 10:22 PM

Dec 2015

Last edited Wed Dec 16, 2015, 11:15 PM - Edit history (1)

the Feds on this

For one thing it was only a quarter of a point. Obviously he didn't listen to the statement from yellen.

it will be extremeluy gradual, and will fall back if the economy has a set back

that he fails to grasp why keeping interest rates at 0% indefinitely is not prudent, really makes me question his financial judgement

Ironically what he fails to grasp is the ones who the 0% interest benefits most are the 1%

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Highlight:

Sanders blasts Fed over interest rate hike [View all] Omaha Steve Dec 2015 OP

We need to be cutting interest rates more, even into negative territory bluestateguy Dec 2015 #1

Yeah...that makes perfect sense!!! VanillaRhapsody Dec 2015 #2

Yes, thank you. bluestateguy Dec 2015 #3

I mean... VanillaRhapsody Dec 2015 #5

Not everybody blindly disagrees with Bernie Omaha Steve Dec 2015 #15

I would venture to say that the vast majority of Americans have no clue on fiscal policy snooper2 Dec 2015 #47

Oh brother. yeoman6987 Dec 2015 #6

People who have been hurt the most have been older people Yupster Dec 2015 #23

i agree. nt DesertFlower Dec 2015 #26

The problem though is the $ 19 trillion debt Yupster Dec 2015 #29

Markets are up (+220)... brooklynite Dec 2015 #4

Only 11% of working Americans have union jobs. DirtyHippyBastard Dec 2015 #16

They are up because yellen issued a very dovish statement that still_one Dec 2015 #31

Really? Tote Life Dec 2015 #44

Sorry Bernie....not with you on this one DrToast Dec 2015 #7

I think it could've waited another quarter. joshcryer Dec 2015 #10

Janet Yellen is a Democrat... Agnosticsherbet Dec 2015 #27

Yes, I know. joshcryer Dec 2015 #37

So? jeff47 Dec 2015 #14

Have you seen property values in California and most urban areas? still_one Dec 2015 #32

Yes. Do you understand that inflation is not measured via property values in California? jeff47 Dec 2015 #46

For those confused, low interest rates are Keynesian. joshcryer Dec 2015 #8

For those uninformed, interest rates are not a zero-sum game. OilemFirchen Dec 2015 #17

No, I don't agree with that poster. joshcryer Dec 2015 #19

I would like your link to where Keynes said giving preferential interest rates to thieving bank$ters jtuck004 Dec 2015 #21

Yes, because that's exactly what I said. joshcryer Dec 2015 #22

I don't question his book, or what I have read. I question what you wrote, and wondered jtuck004 Dec 2015 #24

So you're saying Sanders wants to "help mostly the very wealthy"? joshcryer Dec 2015 #35

Thank you. Anyway, that's a mis-interpretation. He didn't say making thieving bank$ters rich by jtuck004 Dec 2015 #39

I absolutely agree. joshcryer Dec 2015 #41

During recession, not indefinitely, and he never advocated 0% still_one Dec 2015 #33

Right, so are you of the opinion we've recovered enough? joshcryer Dec 2015 #36

Yellen herself said it is a long slow road, and we aren't there yet. I wonder if Bernie even heard still_one Dec 2015 #40

It's true that it's a very small hike. joshcryer Dec 2015 #43

Keynes did not advocate perpetually low interest rates, but rather low interest rates when Zynx Dec 2015 #38

I know that. joshcryer Dec 2015 #42

Good news for everyone with a pension plan, comradebillyboy Dec 2015 #9

And good news for those whose ability to eat ... 1StrongBlackMan Dec 2015 #28

well timing is everything saturnsring Dec 2015 #11

Your union made an excellent choice yesterday. Tote Life Dec 2015 #45

This message was self-deleted by its author turbinetree Dec 2015 #12

Yabut, the Fed sets monetary policy, but the Congress sets fiscal policy. BadgerKid Dec 2015 #13

Didn't I just read that Sanders is a "financial genius"? OilemFirchen Dec 2015 #18

They can always dial it back GOLGO 13 Dec 2015 #20

I'm so old, I remember when all Democrats felt that way. Octafish Dec 2015 #25

No offense but I really question Bernies knowledge of economics if he is blasting still_one Dec 2015 #30

I thought we were supposed to pretend the economy is great since there's a D in office? MadDAsHell Dec 2015 #34