Thursday, March 19, 2009
Man-Caused Disaster
While Dodd, Frank, Pelosi, Obama, Rangel, Reid and Geithner stomp around like a carnival act over the AIG/DNC taxpayer bonuses the Fed decided to create (PRINT) another $1.2 trillion of U.S. currency. Jim Manzi provides the details here but the money quote and eventual outcome is encapsulated in this formula.
The David Copperfield School of Economic Recovery
The Fed’s Monumental Move
The AIG Mystery Deepens
Dodd Admits Role In AIG Bonus Controversy
The Obama CYA Act of 2009
More dollars + the same assets = more dollars per asset = inflation.Related
The David Copperfield School of Economic Recovery
The Fed’s Monumental Move
The AIG Mystery Deepens
Dodd Admits Role In AIG Bonus Controversy
The Obama CYA Act of 2009
Labels: democrats, dodd, economics, obama, pelosi, rangel, reid
