Bad news for the economy - we have no one in office who knows how to stimulate an economic opportunity in this country. The AP gives us the bad news.

The Associated Press tells us that the Federal Reserve has decided to leave its Quantitative Easing policy alone,  and will continue to pump 85 billion dollars into the economy,  each and every month.  This money goes into the banking systems of this nation,  and is the only reason we all are not standing in a soup line,  somewhere in Chicago.   When Obama took office,  in 2009,  the unemployment rate was 7.3% and rising.  If you remember,  Obama promised that unemployment would not rise above 8% if we rushed the approval of his trillion dollar stimulus,  and in just 28 days from his inauguration,  we had Obama’s first major piece of legislation.  Turns out this was money down the drain, with absolutely nothing to show for it four years after the fact.  Speaking of facts,  nothing was true about his stimulus promises,   to the point that he made up the phrase “created or saved,”  knowing he had created next to nothing in terms of much needed jobs.  The AP story details the fact that,  more than 4 years later (and into the future),  our economy continues to struggle,  making this the longest “recovery” period in this nation’s history,  even when compared to the aftermath of the Great Depression. 

The sad news,  in all this,  is this:  we can expect 2% GDP and unemployment above 7% through the coming election cycle (2014).   

See the story from AP, here.