Daily Archive: Tuesday, January 12, 2010

Quantitative Easing is a tax

[Skip to the end] Federal Reserve Made Record Profit in 2009: Report Jan. 12 (Reuters) — The U.S. Federal Reserve made record profits in 2009 and will return $45 billion to the U.S. Treasury, after its efforts to prop up the economy created a windfall for the government, the Washington Post reported. ...Read More

Obama Plans to Raise as Much as $120 Billion From Bank Fees

[Skip to the end] Seems like the wrong time to be cutting aggregate demand? Obama Plans to Raise as Much as $120 Billion From Bank Fees By Hans Nichols Jan. 12 (Bloomberg) — President Barack Obama plans to impose a fee on banks expected to raise about $120 billion in order to ...Read More

US in a depression

[Skip to the end] America slides deeper into depression as Wall Street revels Agreed. Sad part is it can all be reversed with a few simple spread sheet entries. A full payroll tax holiday and per capita revenue distributions to the states to restore demand, output, and employment [top] ...Read More