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Romney condemns QE3 as Bailout of Obama
Cry me a river.
Romney calls QE3 another ‘bailout’ for Obama economy
September 13, 2012, 3:54 PM
The campaign of Republican presidential nominee Mitt Romney called the Federal Reserve’s third round of quantitative easing another “bailout” for President Barack Obama’s economy on Thursday, while other GOP members wondered whether Fed Chairman Ben Bernanke was doing the administration’s bidding by calling for the jolt to the economy.
Shortly after the Fed announced it would purchase $40 billion in mortgage-backed securities each month, Romney campaign policy director Lanhee Chen said in a press release: “The Federal Reserve’s announcement of a third round of quantitative easing is further confirmation that President Obama’s policies have not worked. After four years of stagnant growth, falling incomes, rising costs and persistently high unemployment, the American economy doesn’t need more artificial and ineffective measures. We should be creating wealth, not printing dollars.”
...
“It really is interesting that it is happening right now before an election,” Rep. Raul Labrador, an Idaho Republican, told The Hill prior to the Fed announcement. “It is going to sow some growth in the economy, and the Obama administration is going to claim credit.”
New Jersey Rep. Scott Garrett echoed Labrador’s remarks, also telling The Hill: “They are the ones who always say they want to remain independent. So they should consider, just how independent are they when they come out, only 50 days before the election, with this?”
http://blogs.marketwatch.com/election/2012/09/13/romney-calls-qe3-another-bailout-for-obama-economy/
September 13, 2012, 3:54 PM
The campaign of Republican presidential nominee Mitt Romney called the Federal Reserve’s third round of quantitative easing another “bailout” for President Barack Obama’s economy on Thursday, while other GOP members wondered whether Fed Chairman Ben Bernanke was doing the administration’s bidding by calling for the jolt to the economy.
Shortly after the Fed announced it would purchase $40 billion in mortgage-backed securities each month, Romney campaign policy director Lanhee Chen said in a press release: “The Federal Reserve’s announcement of a third round of quantitative easing is further confirmation that President Obama’s policies have not worked. After four years of stagnant growth, falling incomes, rising costs and persistently high unemployment, the American economy doesn’t need more artificial and ineffective measures. We should be creating wealth, not printing dollars.”
...
“It really is interesting that it is happening right now before an election,” Rep. Raul Labrador, an Idaho Republican, told The Hill prior to the Fed announcement. “It is going to sow some growth in the economy, and the Obama administration is going to claim credit.”
New Jersey Rep. Scott Garrett echoed Labrador’s remarks, also telling The Hill: “They are the ones who always say they want to remain independent. So they should consider, just how independent are they when they come out, only 50 days before the election, with this?”
http://blogs.marketwatch.com/election/2012/09/13/romney-calls-qe3-another-bailout-for-obama-economy/
20 replies
= new reply since forum marked as read
= new reply since forum marked as read
Mitt:
The third quarter almost ALWAYS happen before an election.
rocktivity
They continued to obstruct so he did something to help. These guys complaining, are pissed because they may be jobs created, so easy to see. Why are gas prices going up, again? So people will have less money to buy other things and stall growth.
Rmoney said he wants to get rid of Bernanki, so he pushed him to act sooner. Congress ignored his pleas to pass a jobs bill, so he took action improve the economy. He was first appointed by Bush. 
