2008 QE1: It did not work to improve the economy, but Wall Street got richer.
2009 QE1 Extension: The same
results as QE1.
2010 QE2: Again Wall Street got
richer, but not Main Street or the Middle Class.
2011 "Operation Twist:"
The only thing twisting was the Middle Class at the end of Mr. Bernanke's
inflationary noose.*
2012 QE3.
When you do the same thing over
and over again and it does not result in achieving the result you intend (at
least profess to intend), then you are either insane or complicit. Moreover, after
implementing the same policy four times without results, and then do the same
thing again -- this is not a failure of omission, but of commission. I am told
that Mr. Bernanke is not insane. Therefore, he is complicit, and should be held
accountable for his deeds.
Q.E.D.
* It
should be noted that the 2% inflation figure the government reports is baloney
– unless of course you don’t need to buy food, gasoline, or insurance.
