Quote of the Day- 5/1/11

"Permanent increases in the monetary base (Quantitative Easing 1 & 2) foreshadow eventual increases in inflation that can increase, rather than reduce, unemployment over the long term" --  Yi Wen, St. Louis Fed

~ In layperson terms, the St. Louis Fed makes a rare admission, stating that the Federal Reserve's (Ben Bernanke's) goal of increasing the money supply by $2 Trillion over 2 years (this means $2 Trillion in increased National Debt) will cause increased unemployment, not lessen it.

Bernanke was nominated by Republican George W. Bush in 2006 and re-nominated by Democrat Barack Obama in 2010

You do not normally nominate someone for a position unless you share the same outlook and 'world view'... and you do not normally re-nominate someone who was chosen by someone of the opposing political party unless you Also share that same outlook and 'world view'