After eight years of the loosest monetary policy in the history of the United States – the Federal Reserve is going to tighten its’ policy rapidly and severely. After injecting $5 trillion of credit into the economy under Obama – the Fed will now start taking $4.5 trillion dollars off of its’ balance sheet starting this quarter. After raising interest rates once in the eight years of Obama – the Federal Reserve is promising three interest rate increases this year alone.
Other Side Quote of the Day: “Republicans don’t give a shit about people.” – Democratic National Committee Chairman Tom Perez
This is a stunning example of the need to dehumanize in order to justify doing what would normally be universally recognized as immoral. The level of intellectual and moral dishonesty which must be attained in order to accept a statement such as this is astounding, yet to a large degree the entire Democrat Party agenda is based on rationalizations that stem from the belief Perez voiced here.
Quote of the Day: “It is getting to the point where we have to ask ourselves if we are even capable of being a serious people anymore.” – James Kunstler
You bury your head in your hands over things the GOP does – and the next thing you know – Al Franken is talking and you realize how much worse it could be
Other Side Quote of the Day: “Everyone knows that Justice Antonin Scalia revered The Constitution. However, the document that he revered is not the same document that I took an oath to uphold and defend.” – Al Franken
Quote of the Day: “A computer lets you make more mistakes faster than any other invention with the possible exceptions of handguns and Tequila.” — Mitch Ratcliffe