"I believe that at the time, it was just one more tool that the Fed introduced to try to help the economy," he said. "My point, ultimately, is the idea that very quickly into QE, it started becoming obvious that it wasn't working in the way that it was supposed to." ... "We saw this past summer there was this announcement of potentially a taper and the markets actually tanked, and after that the Fed backpedaled. What's going to happen if we go on for months, years longer?" ... "I can only say: I'm sorry, America," he wrote. "The central bank continues to spin QE as a tool for helping Main Street. But I've come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time." ... "There was actually a net decrease in mortgage lending," he said. "In fact, until 2012 mortgage lending was at a 15-year low."
QE's de facto support of the stock market left out a sizable portion of the people it was supposed to help, Huszar added.
"Let's be honest, 50 percent of Americans don't own stock," he said. "There's a certain amount of trickle-down monetary policy involved here. And there's a real question as to whether that works compared to the huge costs that the program has."
I know he's been very supportive of the QE policy. At least one who was involved has seen the light. Or is it just that one is willing to tell the truth?
Posted on Wednesday, November 13, 2013 - 07:17 pm:
Finally. This is VERY interesting:
quote:
Rep. Olson Introduces Articles of Impeachment Against Eric Holder Matthew Boyle, 13 Nov 2013
Rep. Pete Olson (R-TX) has introduced an Articles of Impeachment resolution against Attorney General Eric Holder for his role in Operation Fast and Furious and other scandals of President Barack Obama’s administration.
Seven congressman have signed onto the resolution thus far in addition to Olson. They are Reps. Larry Bucshon (R-IN), Blake Farenthold (R-TX), Phil Roe (R-TN), Lynn Westmoreland (R-GA), Roger Williams (R-TX), and Ted Yoho (R-FL).
...In a one-page memo provided to Breitbart News by Olson’s office, the members detail the case for the impeachment of Holder. “For nearly five years, we have witnessed Mr. Holder repeatedly deceive Congress and degrade the credibility of the Justice Department in the eyes of the American people,” the members wrote. “Last year, the House of Representatives took the unprecedented step of holding Mr. Holder in contempt of Congress, making him the first sitting cabinet official ever to hold this distinction."
"Unfortunately, Mr. Holder has continued to act in a manner unbefitting of a cabinet official; he has failed to perform his constitutional duties and violated the law on a number of occasions," the statement continues. "The House of Representatives should not stand by as he continues to undermine the office of Attorney General.”
The members backing Holder’s impeachment have laid out a detailed plan for each section on why each allegation against Holder [four in total - FB] is an impeachable offense, complete with the legal authority they claim to have in doing so.
This article spells out more of the "mechanical" details re: the Articles of Impeachment against AG Holder. Note that three more Reps have already added their names to the list since this went public yesterday, including Gohmert and Bachmann:
quote:
Exclusive–Rep. Olson: If Holder Refuses to Leave, We'll 'Force Him to Resign' Matthew Boyle, 13 Nov 2013
Rep. Pete Olson (R-TX), the congressman launching the effort to remove Attorney General Eric Holder from his post atop the Department of Justice (DOJ) via Articles of Impeachment, told Breitbart News exclusively in a Wednesday phone interview that he now has the support of ten other House members already.
As Breitbart News reported earlier on Wednesday, Olson’s resolution, which will be formally introduced in the House on Thursday, has already garnered the supports of Reps. Larry Bucshon (R-IN), Blake Farenthold (R-TX), Phil Roe (R-TN), Lynn Westmoreland (R-GA), Roger Williams (R-TX), Ted Yoho (R-FL) and Randy Weber (R-TX). Now, he can add Reps. Louie Gohmert (R-TX), Michele Bachmann (R-MN) and Bill Flores (R-TX) to the list.
...Holder was voted into criminal contempt of Congress on the grounds that he failed to comply with a lawfully-issued congressional subpoena [re: Fast & Furious - FB]. However, after it passed the House of Representatives on a bipartisan basis, Holder’s subordinate—the U.S. Attorney for the District of Columbia Ron Machen—decided to not enforce the criminal contempt resolution.
“That’s why we also passed the civil contempt resolution,” Olson told Breitbart News, noting that the goal was that if Holder blocked his own criminal prosecution—as he was expected to do and did—then House GOP officials could officially designate the resources necessary to launch a lawsuit against Holder’s DOJ and President Obama’s administration as a whole. This lawsuit would fight to have a federal judge overturn the president’s assertion of executive privilege and compel document production to Congress pursuant to Holder’s subpoena. That lawsuit just passed a key hurdle a few weeks ago, in which a federal judge threw out the DOJ’s motion to dismiss—thereby allowing the lawsuit to proceed.
Obama had Communist parents, was mentored by Communists, and spent his youth in anti-America Islamist Indonesia. These are facts. I fervently believe that Obama harbors a deep seated hatred of America and is deliberately trying to destroy our great nation. All with a good looking smile on his puss.
America Jumps Off the Tiger's Back By Victor Davis Hanson · Nov. 14, 2013
excerpt: "The United States has ridden – and tamed – the wild global tiger since the end of World War II. The frantic ride has been dangerous, to us, but a boon to humanity. At the same time, America's leadership role has been misrepresented and misunderstood abroad and at home, including by some of our country's own leaders. Accordingly, our current president, Barack Obama, has decided to climb down from the tiger, with the certain consequence that it will run wild again."
the info I had on the stink of it came from Britain and the design of the new 'dollar' back in 2005 - they envisioned a 10 year 'incubation' time frame for a collapse and the issue of a new US currency (they are drumming it up under the ADA rules - watch and learn ; wait and see)
Twenty House Republicans call for Holder impeachment By Mario Trujillo, Nov 14, 2013 05:08 p.m.
A total of 20 House Republicans signed on to a proposal Thursday calling for the impeachment of Attorney General Eric Holder.
The lawmakers — led By Texas Republican Rep. Pete Olson — charged Holder with perjury, failure to comply with subpoenas and failure to discharge the duties of attorney general.
"For nearly five years, Attorney General Holder has systematically deceived Congress and destroyed the credibility of the Justice Department in the eyes of the American people," Olson said.
Olson’s office said the charges “clearly fall under ‘high crimes and misdemeanors’ offenses of the Constitution.”
The 19 GOP cosponsors are: Reps. Larry Bucshon (Ind.), Blake Farenthold (Texas), David Roe (R-Tenn.), Randy Weber (R-Texas), Lynn Westmoreland (Ga.), Roger Williams (Texas), Ted Yoho (Fla.) Louie Gohmert (Texas), Michele Bachmann (Minn.), Bill Flores (Texas), Mark Amodei (Nev.), Jim Bridenstine (Okla.), Scott DesJarlais (Tenn), Jeff Duncan (S.C.), Duncan Hunter (Calif.), Sam Johnson (R-Texas), Steve Stockman (R-Texas), Mike Conaway (R-Texas), and Thomas Massie (R-Ky.).
The Justice Department did not respond for comment.
Tom, the pResident arbitrarily changed a law of the land last night. He dictated that part of a standing law be changed. No consultation with Congress or the American public, just *POOF* and it's done.
Rhetorical question: What difference is there between what 0bama did last night and the textbook definition of a dictator?
He CANNOT just make executive decisions; it's not in his constitutional authority to do so.
And yet...
...he does.
Repeatedly.
Lying all the while.
When will it stop? Do we have a constitutional Republic, or not?
Do we have a president, or do we have a dictator? (Rhetorical...)
On a related note: Have you been following the newly-formed movement to call a Convention of States? Exciting stuff, and written into the Constitution by the Framers for EXACTLY the "FedGOV wildly out of control" scenario we presently find ourselves in:
FB1, I hear you. Obama should be impeached for abuse of power but this will not happen while the Senate is controlled by Statists.
Under the Constitution, can the Supreme Court step in unilaterally if there is a clear usurpation of Constitutional power of the Executive Branch over the Legislative?
Obama is a human wrecking ball and there is no way for an honest American to support him.
