Just read this in the morning: "conservative economists, GOP strategists, hedge fund managers and bank analysts this week will launch an advertising campaign calling on the Fed to back off its quantitative easing plan, arguing it risks driving down the dollar and sparking inflation"
Translation: Sabotage economic recovery and jobs creation looking forward to November 2012.
While it is true that there is a risk of inflation with QE2, the potential for jobs is even greater. Even with a devalued dollar, consumer demand is so depressed that the risk of inflation is very low.
The truth behind this is that the GOP understands and we all need to understand that the strategy of obstruction, Hell NO! and sabotaging the economic recovery worked so well for the last two years, GOP and conservatives have no intention of abandoning that strategy. No economic recovery means no jobs and without jobs the liberal message, the Democratic message, the Obama message or any other message is almost worthless to the public and voters.