Federal Reserve unveils $600 billion stimulus plan aimed at improving economy, boosting jobs

The fact that we are spending $600 billiion to buy our own Treasury securities means that the customers for our debt are losing interest. It has NOTHING to do with lowering mortgage rates to increase home buying, which are already at record lows.

 

It's a whole lot better than letting them do whatever the hell they want.

But the point is moot now since RP will be heading the committee and has subpoena power now. The Fed is going down.

 

The meeting is a conference for “partners,” or donors, to Democracy Alliance, an organization that was set up in 2005 to help build an infrastructure of liberal-leaning organizations that would serve as a counterweight to similar groups on the conservative side. Well-known Democracy Alliance donors include the likes of George Soros and Peter B. Lewis, billionaires who have given millions to liberal causes.

Left's Big Donors Gather to Plot Strategy - NYTimes.com

 

Yeah so what, the problem is they (right wing) don't have supporters that are trying to break us in order to create an "open society"

In the late summer of 1992, a time of great pressure on European institutions, he did so with a vengeance. A remark by the president of the German Bundesbank about possible instability among European currencies encouraged Soros to start the attack. First he short-sold the Italian lira, which tumbled. Emboldened, he took on sterling, sending the immense power of his funds, billions of dollars' worth, against the British pound. He shorted, betting that the pound would not be able to hold its value against other currencies traded within the Exchange Rate Mechanism, which seeks to fix the value of European currencies in preparation for a common Eurocurrency.
On Sept. 16, with Soros and others selling pounds, the British government responded by raising interest rates 2 percentage points to attract buyers. Soros saw this as "an act of desperation. It encouraged us to continue selling sterling even more aggressively." He sold all his holdings that afternoon. By evening sterling had been forced from the erm. He scooped up $1 billion from that escapade and became known all over the world as the Man Who Broke the Bank of England.
"I had no platform," he says today. "So I deliberately [did] the sterling thing to create a platform. Obviously people care about the man who made a lot of money." Since then, "my influence has continued to grow and I do have access to most people I want to have access to."

TURNING DOLLARS INTO CHANGE -- Printout -- TIME

 

Haha nice try. Most of what you quoted was from the article but I'm sure you knew that. Soros
Founded the "open society" perhaps you should read up on them they are easy to find and daddy can't hold your hand forever. I do not hold ill feelings toward the rich and you know that. Oh and about your free market capitalism, isn't it ironic that the ones that hate it the most usually have benefited from it the most as well? Hmmm.

 

American Thinker Blog: Soros and me