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This Blog Is Moving

Greetings. After this weekend, this Take Our Country Back Blog will be moving to the new web site. Too many conservatives are getting zapped by the intolerant dweebs of the Obama Goons and seeing that this editing platform is a free site, Blogger can do pretty much what it feels like doing. Hence, I now have a paid site and will be migrating the last 1400+ posts shortly.

So, one day, you just may click this page somewhere and it will show up as "private". It has been fun but the intolerant Czarbie Goon Squads are brain dead idiots. They can come play at the new site which I OWN outright.

Friday, September 26, 2008

Understanding The "Crisis" On Wall Street


~Snooper~

The Heritage Foundation has written extensively on the current financial oopsies. Go here. Therein is a video. Have fun learning what the Leftinistra don't want you to know.
Heritage fellow JD Foster explains what led to the credit crisis and why it cannot be ignored. There are unprecedented problems in the financial markets. The Federal Funds Rate is the No. 1 tool that the Federal Reserve Board has for governing monetary policy. The Federal Funds Rate jumped much higher than the Federal Reserve Board had targeted and the Federal Reserve lost control of it. The Federal Reserve is pumping money into places where it is not working and neglecting places where monetary liquidity is needed.
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