Top economist Martin Feldstein: The economy is doing “terribly” and Bond-buying from the Fed won’t revive the economy or spark any hiring

The economy is doing “terribly” and may not even reach 2% growth this year, warns economist Martin Feldstein. Bond-buying from the Fed won’t revive the economy or spark any hiring, Feldstein says, its all about the fiscal outlook and tax reform. As long as people think their taxes are going up, they’re going to hold back on spending, and businesses are not going to hire.

From CNBC:

The economy is doing “terribly” and may [...]

Adviser: Business as Usual at the Federal Reserve if Romney Elected

Kurt Nimmo
August 22, 2012

If elected, Mitt Romney’s team will make sure the Federal Reserve and Ben Bernanke finish the job of destroying the economy.

Glenn Hubbard, Romney’s economic adviser, told Reuters he would advise the Republican presidential candidate that Bernanke should “get every consideration” and stay at the helm of the private bankster owned Federal Reserve.

“Ben is a model technocrat. He gets paid nothing for getting kicked around all the time. I think [...]

Top government economist makes a terrifying call for inflation

From Economic Policy Journal:

In a remarkable op-ed in WSJ, Alan Blinder, professor of economics and public affairs at Princeton University, previously head of President Bill Clinton’s Council of Economic Advisors (January 1993 – June 1994), and Vice Chairman of the Board of Governors of the Federal Reserve System from June 1994 to January 1996, is calling for the Federal Reserve to charge banks if they continue to hold their funds as [...]

Offshoring was suppose to enrich the U.S…

The Seattle Times: Nation & World: Bush report: Sending jobs overseas helps U.S.

“WASHINGTO­­N — The movement of American factory jobs and white-coll­­ar work to other countries is part of a positive transforma­­tion that will enrich the U.S. economy over time, even if it causes short-term pain and dislocatio­­n, the Bush administra­­tion said yesterday.

The embrace of foreign “outsourci­­ng,” an accelerati­­ng trend that has contribute­­d to U.S. job losses in recent years [...]

INSIDE JOB – Dylan Ratigan Interviews Director Charles Ferguson – How Wall Street Took Over Government

Visit msnbc.com for breaking news, world news, and news about the economy

By Inisde Job Director Charles Ferguson

Why economists are part of the problem

Both Glenn Hubbard and Laura Tyson have played major roles in American economic policy, and both also, unfortunately, exemplify the disturbing, opaque conflicts of interest that pervade the economics discipline.

Over the last thirty [...]