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The Fed: "What We're Doing Isn't Working. Let's Do More Of It."

Fed to maintain record stimulus: Mike in Tucson, AZ mortgage lender

"It didn't work the first time...  It didn't work the second time...  What the heck?  Let's do it some more."

(Click the photo for the whole story from Bloomberg News)

Let's see...  We printed an aircraft carrier full of money to stimulate the economy.  It didn't do what we forecast it would do, and the economy is still in the tank.

Hey!  I have an idea.  Let's do more of what didn't work, and see if we get a different result...

When you're in a hole, and you realize it's getting deeper, the right thing to do is to stop digging!  But that's just my opinion...

Will this help you (as an agent) sell more houses?  I don't think so...

_____________________

I'm Mike in Tucson, your preferred Tucson Arizona Mortgage Lender.

NMLS #223495

SUNSTREET MORTGAGE LLC ~ Correspondent Mortgage Bank
Offices in Mesa, Tucson, Sierra Vista & Nogales

 

 

Comment balloon 7 commentsMike Jones • June 22 2011 03:50PM
The Fed: "What We're Doing Isn't Working. Let's Do More Of It…
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