Senate Republican Leader Has No Opinion ‘At This Point’ on Fed Buying $600 Billion in U.S. Debt
Monday, November 08, 2010
By Matt Cover Senate Minority Leader Mitch McConnell (R-Ky.) at the Heritage Foundation. (CNSNews.com/Penny Starr)
(CNSNews.com) – Senate Minority Leader Mitch McConnell (R-Ky.) said he does not have “an opinion at this point” on whether Republicans should try to stop or restrict the Federal Reserve from buying $600 billion in federal government debt.
At the conservative Heritage Foundation on Thursday, CNSNews.com asked McConnell whether “Republicans will try to prevent or stop the Treasury from selling Treasury bonds to the Fed rather than putting them [up for sale] on the open market?”
McConnell said, “I haven’t got an opinion on that at this point.”
Location: land of the Lilliputians, In the state of insanity
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I think party time is over and the G.O.P. is weighing everything now. And they need to. They have some thin ice to transverse and need to make the right decisions. They do not want to do like the Dems and create an, "us against them" situation. They need to veer away from bashing and threats and let their actions speak.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals don’t believe in either of them.
I think party time is over and the G.O.P. is weighing everything now. And they need to. They have some thin ice to transverse and need to make the right decisions. They do not want to do like the Dems and create an, "us against them" situation. They need to veer away from bashing and threats and let their actions speak.
Insofar as SO many Americans are now dusting off their magnifying glasses to scrutinize Republican actions, I think it's wise for McConnell to consider what he says before he opens his mouth, if for no other reason than the still-smarting leftist press will hold his little cloven-hooves to the fire if he can't deliver or speaks inaccurately. Wow ! This may usher in a whole new age of political discourse ! CONSIDERED CONVERSATION !! HOW NOVEL !
More than likely and VERY LIKELY the Reps will get into office, slash taxes, increase spending and run this country into the toilet again, just as they have done over and over again.
Of course McConnell has no answers. The entire Rep campaign was based on who could criticize more. No answers or solutions. Just more of the same old same old.
I hope every Rep that voted Rep gets EXACTLY what they voted for. I truly do.
It may be that the Republicans have little authority to do anything to the Federal Reserve. If the Federal Reserve were a puppet with strings in the hands of the legislature, what would be the chances the jFederal Reserve would have set monetary policy mostly independently over the years? Pretty slim. The Federal Reserve is not run as a democracy, and I think that is a good thing.
It may also be that the Republicans are carefully considering the move. Maybe it is wise to think and analyze before you get frozen in a position? Now, on the face of it this seems pretty dumb to me. It SEEMS like whole hog inflation, just the very thing the Federal Reserve is supposed to resist. But this is not my specialty, so maybe something here is flatly unknown to me.
The repubs need to save this country from the dem morons who are quite frankly
cutting it's throat. Remember, it was the dems who mandated bad loans to the poor,
it was the dems who ran the oversight...it was the dems who were in power when the stimulus and bailouts were passed, and it's the dems who lie and cheat and direct their
idiot minions to enact a bill without reading it, so they could see what's in it. Seems to me, the repubs can't do anything near that bad...they will slash taxes to stimulate the economy, and produce the jobs that moron in the oval office promised but could never hope to deliver on. And the repubs will slash spending, further DECREASING the kind of debt the dems have committed for our children's children's children. A big boon will be the repeal (or at least, the gutting) of the ineffectual and destructive Obama care package...that's another 2 trillion bucks in OUR pockets....
Seriously...if anyone hated this country to hell...and they had decided to utterly destroy the country and everyone in it, they could never have come up with a plan better than the democrat plan for this country.
Seriously...if anyone hated this country to hell...and they had decided to utterly destroy the country and everyone in it, they could never have come up with a plan better than the democrat plan for this country.
This along with the entire class warfare thing may be the only things the Dems have ever got right.
[quote=WillPA;3720643]More than likely and VERY LIKELY the Reps will get into office, slash taxes, increase spending and run this country into the toilet again, just as they have done over and over again.
quote]
Willy, to put this country in the toilet, first we have to dig down deep enough to pull it out of where YOU Democraps have put it.
More than likely and VERY LIKELY the Reps will get into office, slash taxes, increase spending and run this country into the toilet again, just as they have done over and over again.
quote]
Willy, to put this country in the toilet, first we have to dig down deep enough to pull it out of where YOU Democraps have put it.
I will agree that traditionally, the repubs have spent more than was good for the country. I do not believe the current crop is lining up for that one again. The "Tea" party folks are anti spending and their influence is unmistakable, as is evidenced by 'traditional' republicans being flustered and ruffled at the stance tea-partiers take towards tax and spending. This is not to say it won't happen, only that there is a mood in this country to NOT repeat the mistakes of the past.
As far was WillPA, he is not credible and has no point to make; anything to be said for Libs/Dems in the form of a defending argument regarding their reprehensible actions is pure azz-clownery of the first order.
Are the Republicans clamming up?
