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The PJ Tatler

by
Stephen Kruiser

Bio

April 30, 2013 - 11:12 pm

I wish I were making this up.

At a two-day meeting that wraps up on Wednesday, the Fed is widely expected to maintain its monthly purchases of $85 billion in bonds to support an economic recovery that is nearly four years old but still too weak for the job market to truly heal.

With the central bank’s favored inflation gauge slipping and employment growth faltering, Fed officials could again find themselves in the uncomfortable position of having to shift from talk of curbing stimulus to the possibility of doing more.

Currently, analysts see the Fed buying a total $1 trillion in Treasury and mortgage-backed securities during the ongoing third round of quantitative easing, known as QE3. Until recently, analysts had believed the Fed would start taking the foot off the accelerator in the second half of the year.

Now, things are looking a bit more shaky.

So, not only are they not ready to back off, things are “a bit more shaky”?

Imagine going to a doctor who talked you into an unpopular course of treatment for a chronic disease that was ruining your enjoyment of life and finding out after several months that you weren’t any better. In fact, at times you seemed to be suffering even more.

Now imagine this doctor then telling you the best course of action was to keep up the treatment, even though he had no guarantees it would work.

Now imagine wanting to punch the doctor.

It’s ok…it’s ok…

Stephen Kruiser is a professional comedian and writer who has also been a conservative political activist for over two decades. A co-founder of the first Los Angeles Tea Party, Kruiser often speaks to grassroots groups around America and has had the great honor of traveling around the world entertaining U.S. troops.

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All Comments   (3)
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Reminds me of one of the major issues I have with the whole global warming thing. There is absolutely no evidence that could come forth that they will accept that says that the climate isn't warming. 18 inches of snow on May 1st in Colorado is evidence that the world is warming.
With these types of things for the lefties, any evidence, no matter the direction, proves their point. If the stimulus didn't work as intended it was because it wasn't enough. We just need more. Same thing with QE^nth. So strange. And maddening.
50 weeks ago
50 weeks ago Link To Comment
My wife talked me into doing one of those holistic cleaning-out-the-system regimens a few years back, so I took the recommended pills and prepared to suffer for a few days so I could feel better afterward.

Try three weeks, with the "doctor" insisting it would improve... eventually. We quit the program and I felt better the next day.
50 weeks ago
50 weeks ago Link To Comment
What do you mean. "It's not working."? Yes, it is... in their view anyway. This is how they define success. This is a recovery, remember?
51 weeks ago
51 weeks ago Link To Comment
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