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Federal Reserve's monthly purchases exceed the cost of Sandy! Federal hiring just surged. Guess why?


Last estimates for damage caused by Super Storm Hurricane Sandy place all damages somewhere between $10 Billion and $20 Billion. Every month since Bernanke announced the Federal Reserve's intention to purchase $20 Billion a month of what amount to bad bonds, those purchases have equalled or exceeded all the damage done by this "once in a century Super Storm." That puts the enormity of those Federal Reserve purchases into perspective, doesn;t it! Now we read that the federal government has also jumped its hiring of new workers. Presumably that has some impact on unemployment data, right?

 

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Charles Dawson (chuckd7138) says

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4 years ago
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    Jim Higgins (xstatic) 4 years ago

    A simple Google search will show that Jopln recieved $174 million dollars within six months of the tornado. I did not serch futher than that in the two minutes it took. Knowledge is a wonderful thing, sometimes trumping opinions.


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Mitch Alan says

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MrMaranatha says

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Dr. Zia Ahmed (ZIa Ahmed khan) says

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    Larry Wall 4 years ago

    As powerful as the President may be, he cannot create a hurricane or predict the damage it will do As a life-long resident of Louisiana I have been through more hurricanes than I care to count. The President must act quickly when one hits anywhere.

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Billie Pagliolo says

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    Demas W Jasper (Perspycacious) 4 years ago

    How much or how little did Obama say about how he will deal with Global Warming in four more years? If it is "the MOST important issue that will affect our children and grandchildren" (even before the National Debt?) why wasn't it on his agenda?


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Larry Wall says

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Steven Pearson (mattforte) says

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