Tough Day For Obama

[jms62]

Originally Posted by MaTH716

J, I honestly don't know if that's the truth anymore. Let's face it the middle class is hurting right now. If they are lucky to have a job, they probably haven't had a raise in years. The prices of everything are going up, except on their houses. People have very little money to live, let alone invest into the market. If anything it might be the inverse effect and the people who are struggling while working 2 jobs are getting jealous that the rich are getting richer and they have to continue to live life walking on a tightrope with no net. I want to believe that people are starting to understand how bad it is despite what the stock market does.

Matt if they don't do QE3 and the markets ****ing tank big time going into November how do you think that would have helped Obama? Jimmy Rogers feels the same way, Bernanke did it to keep his job. We shall see. I see it as a ****ing boondoggle. Think about the law of unintended consequences, Fed is saying they will keep doing it until the labor market improves. The net affect is that it will inflate the markets and put a floor under it. Greedy bastard CEO's are the ones that will seriously profit from this. Why would they hire?