Categories: Featured News

Republicans Don’t Want The Federal Reserve To Help The Economy

Published by

The question regarding whether or not the GOP wants the economy to improve was answered today when they criticized the Federal Reserve for “QE3”.

The Federal Reserve announced today that it was going to buy $40 billion dollars worth of mortgage backed securities per month in order to help the flagging construction industry and overall economy.

The Republicans said they don’t like this idea and believe the Federal Reserve is doing this for political reasons in order to re elect President Obama by strengthening the economy.

Advertisement

“It is really is interesting that it is happening right now before an election,” said Rep. Raul Labrador (R-Idaho). “It is going to sow some growth in the economy, and the Obama administration is going to claim credit.”

“I am shocked, just shocked, that politics are going on in this city!” Rep. Tom McClintock (R-Calif.)(sarcastically) said according to the Hill.

So what did the GOP want the Federal Reserve to do? Sit back as the European recession head winds drag the United States back into recession along with it?

They seem to want the economy to slow or stagnate in order for them to continue to blame President Obama. They know an improving economy is good for Obama and diminishes their opportunity to take over the White House.

Advertisement

This is right in line with everything else that they have done to stall and impede the strengthening economy. They stopped the President’s jobs act, they halted any form of congressional action to improve the economy — other than the typical cut taxes and deregulate plan that has failed in the past.

So, now the Federal reserve is doing what it is meant to do, strengthen the economy, and the Republicans are crying foul rather than applaud the action to strengthen the economy and help Americans.

Advertisement

This type of politics over policy mentality of the Republicans is what drove us to the edge last summer during the deficit ceiling fight. Unfortunately the GOP would prefer a weak economy and win the election, than a strong economy and a prosperous nation.

Advertisement
Published by

Recent Posts

Biden Restores American Values With Diplomatic Boycott Of Beijing Winter Olympics

White House Press Secretary Jen Psaki announced that the U.S. would be diplomatically boycotting the…

1 hour ago

Trump May Get Stacey Abrams Elected Governor By Having David Perdue Primary Brian Kemp

Trump is meddling in Georgia again, and this time he could very easily get Stacey…

2 hours ago

Civil Rights Groups Urge Schumer to Pass Social Spending and Climate Bill As Is

A coalition of civil rights groups, including the NAACP and National Urban League, has urged…

4 hours ago

Trump Lawyer Sidney Powell Raised More Than $14 Million Spreading Election Lies

A Washington Post investigation has found that Trump lawyer Sidney Powell has raised more than $14…

4 hours ago

Explosive Accusation in Report to Select Committee: Two High-Ranking Generals Lied About 1/6

A D.C. National Guard official has written a report alleging that two high-ranking Army Generals…

5 hours ago

Trump Unequivocally Admits That He Fired Comey to Obstruct Justice

  For the second time, Donald Trump unequivocally admitted to obstruction of justice by firing…

5 hours ago

This website uses cookies.