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Re: DewDiligence post# 123823

Saturday, 07/23/2011 1:54:05 PM

Saturday, July 23, 2011 1:54:05 PM

Post# of 252783
<Has the Fed’s loose monetary policy retarded US economic growth? >

Dew, I read the title of your post quickly and thought it began "Has the Fed's retarded loose monetary policy...."

My two cents on the article is that they say the loose monetary policy isn't working as well as they hoped because banks are being cautious in lending. That argument can also be made as to why keeping the Bush tax cuts in place, especially for the higher brackets AND adding in the payroll tax and ss tax cuts that were enacted last year have been ineffective. If people as being very cautious is the problem, then it would be more insane to cut taxes again.
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