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View Diary: Why what Ben Bernanke said yesterday should make you angry (102 comments)

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  •  rates can't go any lower (5+ / 0-)
    Recommended by:
    gramofsam1, Odysseus, Pluto, Dburn, Egalitare

    more money isn't necessarily going to create more demand, at least not in the U.S.

    corporate america is sitting on plenty of cash.  they could hire plenty of people.  they don't because of demand.

    they won't hire more people because ben has dropped more money into the economy.  remember that money is mostly going to the big players and they are just sitting on it.

    free money that gets gobbled up by corporate america won't fix the problem.  the stock market will go up though.

    but main street america will still be left behind, like usual.  krugman doesn't believe this is a structural problem but it is.  unemployment won't be affected that much by a new round of free money.  we need jobs and the FED can't provide that.

    -You want to change the system, run for office.

    by Deep Texan on Fri Jun 08, 2012 at 10:12:44 AM PDT

    [ Parent ]

    •  Actually, there is talk of negative rates, as well (1+ / 0-)
      Recommended by:
      greengemini

      as issuing currency with coupons that reduce its value over time. That should spur monetary velocity because if you don't use it, you lose it.

      -We need Healthcare Reform... but i'm selfish, I Need Healthcare reform-

      by JPax on Fri Jun 08, 2012 at 11:14:04 AM PDT

      [ Parent ]

    •  Corporate America Won't Hire...... (5+ / 0-)

      Not just because of demand...but because it takes money, ie wages and benefits, out of the pockets of the "shareholders".  This means less bonus money for the top execs.  We can use more people in our company.  Almost everyone is overworked and over-stressed.  The top execs have cut staff to the bone and beyond.  Not sure what is happening in private companies.  

      I've talked to a number of people about their situations at the companies they work at...and the answers are similar.  It is hard to find anyone satisfied with their current employment situation....and it isn't the work.  I really think it is partly due to the focus on the quarterly report.

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