The President's policies are a failure.
Expanding bailout bank reserve requirements temporarily and partially reduces the risk of import inflation. Dumping oil reserves also temporarily lowers the impact of monetary policy to weaken the dollar to improve export competitiveness as does the currency flight from the Euro crisis. These are temporary fixes/market adjustments and opportunitites that mask the cost of persistent high unemployment and stagflation and thus…
Added by Lisa Miller on July 11, 2011 at 6:00pm — 1 Comment
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