The increasing likelihood of a new Federal Reserve effort to boost the economy has some Republicans questioning whether the central bank is trying to help President Obama win reelection.
Congressional Republicans, wary of the Fed’s recent efforts to stimulate the recovery, said Wednesday that the its political independence could be jeopardized if officials embark on another round of stimulus so close to Election Day.
“I am shocked, just shocked, that politics are going on in this city!” Rep. Tom McClintock (R-Calif.) said sarcastically.
Ok, so let’s see if we can get all this stuff to make any sense at all. Before the fed considered stimulus, the GOP consensus was that stimulus spending didn’t work and was a huge failure. Now, stimulus is the fed improving the economy to get Obama re-elected. So the stimulus works until it doesn’t and an improving economy is good until it’s not.
Nope, can’t get it to make any damn sense at all.