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View Diary: BREAKING: Fed Launches $40-Billion-a-Month QE3 Stimulus (129 comments)

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  •  I like the sound of that better... (2+ / 0-)
    Recommended by:
    FiredUpInCA, marianevans

    Really hope it moves the jobs needle by October jobs report...  The small businesses that actually want to hire but needed something like this can feel good and I hope they do a lot of hiring immediately... Though I'm guessing if you're a CEO hoping Romney wins in November, you're probably not going to start hiring anybody now just because the Fed did something.

    Man, I wish they had done this a month ago.

    "If these Republicans can't stand up to Rush, how can they stand up to the Iranians?" - Redmond Barry

    by xsonogall on Thu Sep 13, 2012 at 10:42:49 AM PDT

    [ Parent ]

    •  The jobs report isn't as important as the economic (3+ / 0-)
      Recommended by:
      xsonogall, marianevans, askew

      confidence index. Research has shown that politically, consumer confidence is more highly correlated than the unemployment rate to the incumbent's success.

      Last week when the Dow went up 250 points, the economic confidence index as measured by Gallup went up to its highest level in a year.

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