Paul Ryan Wants The Federal Reserve To Stop Fighting Unemployment

[jaxx]

Paul Ryan Wants The Federal Reserve To Stop Fighting Unemployment
By Jeff Spross on Sep 17, 2012 at 7:10 pm

Last week, Federal Reserve Chairman Ben Bernanke announced his institution would launch a third round of quantitative easing — the monetary stimulus the Fed has used intermittently to boost the economy since 2008 — in an effort to finally fulfill the “reduce unemployment” half of the Fed’s dual mandate. In response, Vice Presidential Candidate Paul Ryan denounced the move as “sugar high economics” and repeated to the Christian Broadcasting Network his assertion that “the costs outweigh the benefits” of QE:

<..> ThinkProgress already reported on the problems in Paul Ryan’s cost/benefit analysis: Inflation remains at a near-historic low of 2 percent — far below the 12 percent inflation of the 1970s — while unemployment is still at 8 percent. The Fed’s interest rates have nowhere to go but up, meaning inflation could be easily reined in if it began to dangerously rise.

<..> Ryan is certainly right that monetary stimulus is a second-best option for boosting the economy after better fiscal policy. But the international and domestic evidence shows that Ryan’s preferred fiscal policy would drive the economy further into the ground. Meanwhile, the Republicans’ control of the House and their filibuster in the Senate have enabled them to torpedo fiscal policy that would actually help.

http://thinkprogress.org/economy/2012/09...mployment/

Ryan doesn't project leadership, he projects evasiveness. Hell no he doesn't want people helped, he wants Willard to win and the people can just lump it.

[NJMaverick]

and Mitt and Paul don't care about them

[PoliticalTiger]

Sure, Lyin' Ryan has a job, a government job, paid by the taxpayers, and he know whether he wins or loses this election he'll still have a job - if nothing else, he knows Fox "News" will hire him in a heartbeat. And then there's the book deal that's bound to come, so he's set for life. Like his hero Ayn Rand, he doesn't give a damn about anybody else but himself.