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A high profile official with the Federal Reserve now coming out in support of stimulus spending.
The president of the Federal Reserve Bank of Chicago and his speech saying quote this was the time that.
But the Fed's -- up about forty billion dollars a month and long term securities and that brings us.
To be like it.
That's -- -- Edwards writes the following what indicators as the Fed chair Ben Bernanke see that tells him printing and pumping 85 billion dollars a month.
Into the economy and create jobs does he need permission to do so.
Charles -- from the Fox Business Network some insights here Charles the viewers has it -- 85 billion for this month going to be.
Forty billion every month after -- with no end in sight by the way answer the question are and jobs created because of yes you know.
No although that would be the simple answer.
I have put the fence trying to do bill other -- trying to spark or induce what -- call this.
Virtuous cycle and the only way that they think they can do it right now to somehow and -- -- understand that the problem is ultimately.
Inflating means that they can inflate the price of milk applied the price of gasoline and those things but initially.
They're hoping to inflate the value of our assets.
So let's and you go home you'll be a 401K it's -- -- a lot better than it did in January 2009.
But that's a -- -- up for people look at that that -- -- I'm gonna go out by this new car my -- -- twelve years old.
I'm that would go to the ball hang up for -- -- -- -- -- -- the job but actually it's been money you know ideally of that sort of stuff happens then that -- create demand that the -- but I'm very virtuous cycle is that your phrasing about a large.
I think I think -- came up with -- -- -- won't give him credit and found alive but the idea -- to make you feel better about your own lifestyle and that will encourage you to span.
Yeah network and it's it's it's not working here -- -- -- people are spending but they're not they're not going over and -- credit card spending is actually down impacted there's a real -- for an in this country.
People seem to be living in the moment they're not saving like that you sent back what they do say or they say it's -- an emergency.
Or just that but that's it through squall retirement college is not that kind of stuff so people are living in the moment but did not use her credit card -- -- -- catch on and and I think that -- had once listed as people went to actually going out on the limb buying that house maybe that you can't and that may be -- can -- -- -- -- toward the mall buying that new car those kind of thing -- you.
You've been tweeting a lot on this choppered over the past week in your frankly ticked off that that's the -- I get them from your message you call America a dropped out nation.
Yeah well what have we created.
We have created a drop -- nation you know in the last four years nine million people have dropped out of the jobs market to me that's it that's one of the most frightening things out there we've given up on the notion of even being involved even looking for a job.
In our marriage rates are at all time lows -- birth rates are declining rapidly we're apartment dwellers for the most part.
Willing to pay rent when -- human actually owning a home with even more affordable so.
And I think the better understands what skimming along we have the by the way.
To the president's point about an economy built the left we don't have an economy built -- last and that's what we haven't dipped into the double dip recession but I think that that knows.
We can only skim the surface for so long you know people talk about -- markets and bear markets bill I would -- we have a shark marketers shark economy once we stop swimming we'd gotten.
Gotta keep on movement and got a kick ball movement we better start to believe it's all about belief but I don't know that the Fed to get people to believe that's got to come from somewhere.
Meantime good luck to all of us with our -- through this Charles thank -- you -- -- I know you're given -- a hard time every morning every morning -- -- -- keep doing that -- -- -- -- -- Charles out there -- -- company if you've got a question UN answered.
-- the amount of form of the question because US BWAY Hemmer foxnews.com.
Ross when Twitter at Bill Hemmer fire -- now.
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