Federal Reserve Chairman Ben S. Bernanke says the U.S. economy is “far from satisfactory.” His colleagues are moving to embrace policies that will stay in place until he’s satisfied.
Four Fed presidents have come out in favor of an open-ended strategy for bond buying, with three calling for the program to begin now. Rather than specify a fixed amount of bonds to purchase by a certain date, such a strategy would leave the Fed able to announce a pace of purchases that it could adjust as the economy gets closer to Bernanke’s goals.
First Lady Michelle Obama: “We still need to find a way to impact the nature of food in grocery stores…”
[Chairman of the California Democratic Party John Burton:] They lie and they don’t care if people think they lie,”…“As long as you lie, Joseph Goebbels, the big lie, you keep repeating it, you know.” …
“That was Goebbels, a big lie, they said they don’t care about facts. They’re going to lie so, I mean, that’s not pejorative to them, they probably wear it as a compliment,” …
“First of all,” he continued, “you’ve got Republicans who truly believe the Earth is flat, so I don’t know exactly what, you know, what’s going to do, but they, I think that when people figure out that these people say they do not care about the truth and they will lie and they don’t care if they lie because it doesn’t matter if they lie.”