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In other words he has thrown all his darts, crossed all his fingers and toes, printed all he can print, and prayed to the Moonbat Messiah.
Picture heisted from Sad Hill News.The Federal Reserve has done all it can for now to get the U.S. economy back on track. Now it's time to simply wait for it to heal.
This sounds damn familiar... "It may take some time, but we can reasonably expect to see a return to growth rates and (better) employment levels," Bernanke said. "This economic healing will take a while, and there may be setbacks along the way."
Down 80 to down 180 in a few short Minutes...The entire bunch from Barry on down are clueless...Or evil.
Translation: A gazillion dollars over the last four years were flushed down the crapper...From the Fed's statement, with my highlights.Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected. Indicators suggest a deterioration in overall labor market conditions in recent months, and the unemployment rate has moved up. Household spending has flattened out, investment in nonresidential structures is still weak, and the housing sector remains depressed. However, business investment in equipment and software continues to expand. Temporary factors, including the damping effect of higher food and energy prices on consumer purchasing power and spending as well as supply chain disruptions associated with the tragic events in Japan, appear to account for only some of the recent weakness in economic activity. Inflation picked up earlier in the year, mainly reflecting higher prices for some commodities and imported goods, as well as the supply chain disruptions. More recently, inflation has moderated as prices of energy and some commodities have declined from their earlier peaks. Longer-term inflation expectations have remained stable.
Two words for Barry's Presidency...EPIC FAILURE!
