Dallas Fed President: Indecision Stymies Economy
The engine is primed to rev up the national economy, but businesses aren’t putting the pedal to the metal, Richard W. Fisher, the president and CEO of the Dallas Federal Reserve, said today.
At an event hosted by the Austin Chamber of Commerce, Fisher issued his predictions about the direction of the national economy, saying businesses have the cash on their balance sheets to start creating jobs, but that a lack of capital investment and slow job creation are “the frightful consequences of indecision” on Capitol Hill.
“I don’t care if you’re a Republican or Democrat, they ...
Comments (10)
Jose B. Gonzalez via Texas Tribune on Facebook
They sure did!!! The truth is BOTH parties are EQUALLY worthless... For decades, they have been stealing from one program to pay for other expenses - now its time to pay the piper and NO ONE wants to cough up the $$$$$$...
Jim Hsu via Texas Tribune on Facebook
Dear Dallas Fed President:
You. Sir. Are at best a moron, and at worst a GOP mouthpiece.
Social Security IS funded and does not add to the budget deficit. Medicare IS theoretically funded, but it's UNDERfunded because of baby-boom demographics crunch and skyrocketing medical costs in general, not because it was designed to be "unfunded."
You want to talk "unfunded liabilities??"
What about the GOP wars of the 2000s, Iraq and Afghanistan, that were deliberately 100% unfunded? To the tune of how many billions of dollars a month, since 2002? That'll put a damper on the budget deficit, dear Dallas Fed Prez. You should be able to figure out how many government jobs in essential fields those wars took away from our economy, not to mention how many billions added to our deficit.
Do I think if it's important to remember who was in the White House when the "let's just NOT plan to pay for those wars" plan was hatched?? %$*K yeah I do.
And this Dallas Fed Prez dude is a closet GOP trying to sound all independent and calling Social Security and Medicare "unfunded liabilities." Nope....those are safety net systems set up and paid for by the citizens who really need the power of the masses to have any safety net.
Richard Salvucci
I guess this is the C of C speech, although it struck me as a bit craven. But what's truly amusing is to blame the pols--while the Fed helped create the debt overhang that has forced households to do anything but spend. It's so complicated. No spending. No demand. No demand. No investment. Do you think if stuff were flying off the shelves, businesses would do nothing? Since I assume Mr Fisher is not an economic illiterate (I hope not), I have to assume he's either running for something (after Fed Life), very deluded, or a hypocrite. Whatever. I never thought I'd say this, but we did better in 1907 with no Fed and JP Morgan knocking heads in New York. A sorry performance from an elite institution--another one which has let the country down.
Lee Dunkelberg via Texas Tribune on Facebook
Seems to me lately that when GOP parrots have lost faith in the message, they start trumpeting the "both parties are equally to blame" horse manure.
Karen Bice via Texas Tribune on Facebook
Both parties are equally to blame, although I tend to see the GOP more negatively as they use Christianity to persuade voters that government regulation is government interference, that taxes are evil (especially for wealthy and corporations, and social safety nets are for lazy good for nothing poor. With Christian leadership like this in our government, who needs to be afraid of terrorists?
Candyce Byrne via Texas Tribune on Facebook
Amen, Jim. Karen, both parties are to blame, but it's in no way equal. Republicans run away with the "honor," such as it is. Democrats are to blame for enabling them.
John Burton via Texas Tribune on Facebook
Richard W. Fisher, In 1993, he took fifth place in a 21 candidate field behind State Treasurer Kay Bailey Hutchison, U.S. Senator Bob Krueger, U.S. Congressman Joe Barton, and U.S. Congressman Jack Fields.
I think that's all I need to know about him.
charleston voice
The Federal Reserve is Buying Euro Debt and We are All Going to Pay
Here's a supplement to our Fed buying up the foreign debt of other bankrupt governments and their
central banks. Here is that post: The Latest Rumor: Fed To Fund IMF, Bypassing Congressional
Refusal Of European Bailout - this explains what Timmy Geithner was doing on his visit to Europe
last week.
The US Congress be damned.
full story:
http://chasvoice.blogspot.com/2011/12/federal-reserve-is-buying-euro-debt-and.html
charleston voice
HOW THE BANKS AND GOVERNMENT ARE STEALING FROM YOU - video
http://chasvoice.blogspot.com/2011/12/how-banks-and-government-are-stealing.html
John Carhart via Texas Tribune on Facebook
Well said Jim; tell the truth!