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In reply to the discussion: Fewest Americans in 7 years seek unemployment aid [View all]Munificence
(493 posts)tax on all of us that due to money supply increase. And at the same time wages have gone down so it's a double hit on the working class.
Do some research on who have been buying homes - cash buyers and the "upper class". Yep QE damn sure helped out all the unemployed folks buy a new house. I am sure they appreciate it....because as we know they are running out and buying new homes hand over fist.
There is a reason why "maybe 10 people" post in the economy section here each day, most are either clueless and really don't understand it or they really don't want to talk about it.
What would you like for me to say....That the amount of wealth transfer to the top 1% over the past 5-6 years through QE has been a thing of beauty and we should cheer?
When will we ever be pro-active vs reactive?
It has caused a housing market rebound? I could argue that the supposed housing market rebound was caused by cash buyers over the past 3-4 years.
Maybe we should have bailed out the bottom and let the money "trickle up".
So you are agreeing the the Bush administration in the policies that they set forth? I mean the poster I responded to earlier blamed it all on them and you are saying in essence that they initiated a great program and should be commended? Why should 2 people that seek the same cause end up with totally different conclusions?
I guess the long term unemployed and the workers that are discouraged should just set down and shut up as they have been helped immensely and just don't understand how much they have benefited.....I'd never tell them that as I'd be in fear of getting punched in the nose.