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RE: My response to a liberal applauding Obama's economic solution
Lower interest rates and issuing government bonds just delays the effects of the recession until years into the future. Obama was a short-termist.
Upvoted and followed.
Yep. And this time around, with all that sovereign debt racked up since '08, and bubbles everywhere you look (Mike Maloney calls it "the everything bubble"), the Fed's quiver is all out of arrows. After years of QE, ZIRP, and a bond market dancing the edge of the cliff, there's no backing off from the precipice, and little hope for a soft landing this time. Buckle up, I'd say.