On election day the U.S. Congress, which had about a 12% approval rating, had a reelection rate of about 86%. (My, what a revolution!) The day after the election, as the American people waved their little flags and celebrated the enormous influence they had excerpted over the federal government by "throwing the bums out," a cabal of wealthy bankers known as the Federal Reserve, who really excerpt power over the federal government, met quietly to control the economy.
At their meeting "the Fed" decided to pursue another round of "quantitative easing" (QE2). What is quantitative easing? Watch the video below that explains it all in terms so simple that even members of Congress (and bloggers) can understand.
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3 comments:
Now it's all clear. OH S&%T!!!
Quantitative Easing is when the Monopoly Banker has found at least one additional Monopoly board box and is slipping the cash load from it into the game while you have noticed, but you do nothing to expose the malfeasance in hopes of receiving some of the extra cash.
I risk the wrath of B&B by twice posting links to the NYTimes on their website, but this is a fascinating application.
Budget Puzzle: You Fix the Budget
Today, you’re in charge of the nation’s finances. Some of your options have more short-term savings and some have more long-term savings. When you have closed the budget gaps for both 2015 and 2030, you are done. Make your own plan, then share it online.
http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html
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