Wednesday, January 26, 2011

So far, my objection to Mr. Bernanke's $600 billion Wall Street bailout is valid. I am not alone, either.

...Investors don’t have the same positive regard for the Federal Reserve’s actions, (click title to entry - thank you)  particularly the decision in November to inject $600 billion of stimulus into the financial system. A plurality of respondents, 35 percent, say that policy, know as quantitative easing, hasn’t had any significant effect on the economy; another 33 percent say the asset purchases risk a rise in inflation to dangerous levels. Just 27 percent say the plan to buy Treasuries is working as intended to help reduce unemployment and boost growth....

I am worried about inflation.  The tight monitoring of ANY indication has to be acted on and not simply reported.  The economic recovery of the USA is going well and sailing smoothly, there is no reason to rattle the path to success now.