Federal Reserve ignores Republican demands, moves to spur growth

[cal04]

by Jed Lewison
http://www.dailykos.com/story/2011/09/21/1018935/-Federal-Reserve-ignores-Republican-demands,-moves-to-spur-growth?via=blog_1

The Federal Reserve announced a new plan Wednesday to stimulate growth by purchasing $400 billion in long-term Treasury securities with proceeds from the sale of short-term government debt, defying Republican demands to refrain from new actions.
http://www.nytimes.com/2011/09/22/business/fed-to-shift-400-billion-in-holdings-to-spur-growth.html?_r=1&hp

In extending its campaign of novel efforts to shake the economy from its torpor, the Fed said that it was responding to evidence that there is a clear need for help.

“Growth remains slow. Recent indicators point to continuing weakness in overall labor market conditions and the unemployment rate remains elevated,” the Fed said in a statement that listed its reasons for worry about the anemic condition of the American economy. “Household spending has been increasing at only a modest pace in recent months.”

The Fed's decision bolster growth comes despite Republican leadership took the unprecedented step of urging the Fed to sit on its hands. Last month, Rick Perry said such a course of action would be "treasonous."

For immediate release
http://www.federalreserve.gov/newsevents/press/monetary/20110921a.htm

[louis-t]

1. Republicans deserve to be ignored.

If we need their 'opinion' we can always pull the pacifiers from their mouths. Fucking crybabies.

[MarianJack]

2. I don't think that they're either...

...mature enough for pacifiers or smart enough to know how to use them.

PEACE!

[Tippy]

3. K&R

[Andy823]

4. Another prime example

Of why these morons need to be kicked out of office next year! Their game plan is so apparent, it's all about one thing, getting rid of president Obama, so they can regain the power to "REALLY" destroy this country! Bush took 8 years to get us into this mess, republicans have been doing all they can to keep us in this mess, and even make it worst than it already is. Anyone with half a brain can see through the BS here, and even though they have a brain dead base, the majority of americans will see through this, and they will make their votes heard next year.

This country can not afford another republican in the WH, and it sure as hell can't afford a republican controlled congress as well!