ATM the FED controls the USA. Bad economic news and everyone looks at Ben.
----------The Fed does a hell of a lot more than just that. They print $hundreds of billions$ out of thin air and loan it to the fedgov by buying T-bills with it, monetizing the debt. They call it 'quantitative easing'. Regular people call it legalized fraud.the fed can only control the speed at which money flows via interest rates. Though ramping up or slowing down the flow of money doesnt always result in positive effects.
There goes another one.
Republican Rep. Steven LaTourette of Ohio, a nine-term lawmaker and a close confidant of House Speaker John Boehner, said Tuesday he was frustrated with the political stalemate in Washington and won’t seek re-election.“It’s been my experience that compromise, cooperation, getting something done, is not rewarded,” he said. “The group of people that are interested in that type of result — the circle’s becoming smaller and smaller.’”
I would like to see a more TRULY REPRESENTATIVE congress. Where the leanings of each Republican and Democrat are more in tone with the state they represent than the party line they are supposed to follow. For example a Republican/Democrat from Texas is gonna have a totally different agenda than a Republican/Democrat from Massachusetts. This way the political leaning of the entire US is fairly represented.
If the Representative from my State is more Right/Left leaning that what the party dictates, well thats just that. The Representative got elected by the people of the state, not the people of the party. To each their own.