Federal Reserve's monthly purchases exceed the cost of Sandy! Federal hiring jus

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   Perspycaciousposted 12 years ago

   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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   MrMaranathaposted 12 years ago

   The Unites States is just a Huge Sheep painted Red White and Blue... And We are Being Fleeced.

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   ZIa Ahmed khanposted 12 years ago

   These are last minutes political games they are playing. It may not help them.

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      Larry Wallposted 12 years agoin reply to this

      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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   Mitch Alanposted 12 years ago

   The Fed is a nightmare. It should be disband and the currency should be officially tied to gold, silver etc. We should never have allowed the Fed to run our monetary system or control the form and function of our currency. The ability to print fiat money withour regard for the value of that money is one of the main reasons for our current financial tailspin...the overspending of an unConstitutional and inefficient federal government and the complete disregard for the 10th Amendment are tiesd directly to this bohemoth and it's hold on the American citizen.

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   Billie Paglioloposted 12 years ago

   Rather than comparing apples to oranges, I think it would helpful for us to look to what the insurance companies and, more importantly, the re-insurance companies are starting to do.  They are finally coming face-to-face the issue of global climate change,  and even though they invest heavily in Exon, etc. they're starting to try to convince those entities that we MUST lessen our dependence on fossil fuels and quickly try to halt further warming before it's too late. The rise in sea level in the east had a direct relationship to the impact of this storm.  We need to focus on the MOST important issue that will affect our children and grandchildren at this point and advance that agenda. It's really a moral imperative. Without our planet, we have nothing (unless you want to count on 17 virgins or beatific bliss in heaven.)

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      Perspycaciousposted 12 years agoin reply to this

      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 Wallposted 12 years agoin reply to this

      Perspycacious, there is no clear consensus that supports your beliefs. I am not saying you are wrong. I am saying that a lot of people have different priorities and Global Warming ranks way down the list for many people, the President & Congress.

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   Larry Wallposted 12 years ago

   Hurricane Sandy was an act of God and not a political ploy. When there is a disaster of this magnitude, additional government workers are always hired.
   
   I think the real shock is going to be when we find out how many people did not have flood insurance. Homeowners insurance only covers rising waters and not storm driven waters. The strain on FEMA is going to be tremendous. The states will not have the adequate resources. People in that area can look for increases in their homeowners insurance and a new deductible for hurricane damage.
   
   This is a serious issue and like Katrina and Rita, which I went through there is no way of planning for the aftermath of such a storm, no matter how well prepared you might be.
   
   The Fed is going to continue. We do not have enough gold and silver assets to cover the currency. Louisiana had an economic boom with the rebuilding after Katrina and Rita because of the insurance money that was paid and the number of people put to work. A major hurricane should not be looked upon as a way to cure the economy, but after the dust settles, some economic benefits do emerge.

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   mattforteposted 12 years ago

   This is  a discussion, not a question. Take it to the forums.

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      MrMaranathaposted 12 years agoin reply to this

      Your not a Moderator.

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   chuckd7138posted 12 years ago

   A friend of mine asked me if I could research, and therefore explain, as to why New York is receiving billions of dollars from the federal government in reaction to Hurricane Sandy but Joplin, MO and surrounding areas received nothing after the deadliest tornado in 60 years back in May. So far, I've found nothing conclusive, except the standard line of "our thoughts and prayers are with the families of those lost".
   
   Another thing that I find interesting is how many atheists trying to get the government to stop practicing religious traditions in its day to day operations or holiday practices, but those same atheists will have their hands out for government money when their insurance companies do not cover "acts of God". If one does not believe in God, how can one be compensated after an act of God? To me, that's the real way of politicizing this question.

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      xstaticposted 12 years agoin reply to this

      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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      chuckd7138posted 12 years agoin reply to this

      Thank you. I will make a more concerted effort.

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