- Prison Planet.com - http://www.prisonplanet.com -
Only Those Making $90,000 Or More Like the Federal Reserve
Posted By admin On February 2, 2014 @ 9:02 am In Commentary | Comments Disabled
Washington’s Blog 
February 2, 2014
A new poll by Gallup  finds that only those making over $90,000 a year like Ben Bernanke’s policies:
A majority of Americans living in households with annual incomes of $90,000 or more, 54%, approve of Bernanke’s performance as Fed chairman, while 35% disapprove. Lower- and middle-income Americans show a closer divide between approval and disapproval, with generally higher rates of no opinion.
Bernanke and other officials at the Federal Reserve have long insisted that the controversial quantitative easing program was designed to help the overall economy, but many critics charge that it has only benefited the wealthy by boosting the prices of assets disproportionately owned by upper-income Americans, such as equities. These data suggest that the wealthy were more aware and more appreciative of Bernanke’s performance.
(The median household income in the U.S. is only $52,100  a year.)
Zero Hedge puts the poll results in graphic form :
Three-quarters of all Americans  are in favor of auditing the Fed to see what the heck it’s been doing.
And Bloomberg noted  in 2010:
A majority of Americans are dissatisfied with the nation’s independent central bank, saying the U.S. Federal Reserve should either be brought under tighter political control or abolished outright, a poll shows.
Americans across the political spectrum say the Fed shouldn’t retain its current structure of independence. Asked if the central bank should be more accountable to Congress, left independent or abolished entirely, 39 percent said it should be held more accountable and 16 percent that it should be abolished. Only 37 percent favor the status quo.
Indeed, many economists  also say we should end or severely rein in the Fed.
Why do so many – especially those making less than $90,000 – disapprove of the Fed’s actions?
It’s not a mystery:
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/only-those-making-90000-or-more-like-the-federal-reserve.html
URLs in this post:
 Washington’s Blog: http://www.washingtonsblog.com/2014/02/wealthy-like-federal-reserve.html
 new poll by Gallup: http://www.gallup.com/poll/167099/fed-chairman-bernanke-leaves-mixed-verdict.aspx
 $52,100: http://www.nytimes.com/2013/08/22/us/politics/us-median-income-rises-but-is-still-6-below-its-2007-peak.html
 graphic form: http://www.zerohedge.com/news/2014-01-30/bernankes-success-summed-one-chart
 Image: http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2014/01-overflow/20140130_bernanke.png
 Three-quarters of all Americans: http://www.washingtonsblog.com/2014/02/www.washingtonsblog.com/2013/11/three-quarters-of-all-americans-and-many-eeconomists-want-to-rein-in-the-federal-reserve.html
 noted: http://www.bloomberg.com/news/2010-12-09/more-than-half-of-americans-want-fed-reined-in-or-abolished.html
 many economists: http://www.washingtonsblog.com/2011/10/economists-occupy-and-end-the-fed.html
 not independent: http://www.washingtonsblog.com/2012/07/fed-independence-is-a-scam-and-no-reason-to-prevent-a-full-audit.html
 owned by the big banks: http://www.washingtonsblog.com/2013/07/everyone-knows-that-the-federal-reserve-banks-are-private-except-the-american-people.html
 The Fed is corrupt: http://www.washingtonsblog.com/2011/10/federal-reserve-riddled-with-corruption.html
 “several billionaires and tens of multi-millionaires”: http://www.washingtonsblog.com/2011/10/the-fed-bails-out-gaddafis-libyan-bank-arab-banking-corp-of-bahrain-banks-of-bavaria-korea-and-mexico-but-shafts-america.html
 benefits the rich and hurt the little guy: http://www.washingtonsblog.com/2012/12/quantitative-easing-benefits-the-super-elite-and-hurts-the-little-guy-and-the-american-economy.html
 former high-level Fed officials: http://www.washingtonsblog.com/2013/11/qe-wall-street-bailout.html
 architect of Japan’s quantitative easing program: http://www.washingtonsblog.com/2013/10/architect-of-japanese-quantitative-easing-policy-says-qe-harms-the-economy-in-the-long-run-and-that-the-fed-is-stuck-in-a-qe-trap.html
 academic economists: http://www.washingtonsblog.com/2013/10/3-academic-studies-show-that-quantitative-easing-doesnt-help-the-economy.html
 admitted: http://www.google.com/search?q=bernanke+admits+fed+stocks&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
 boost the stock market: http://www.zerohedge.com/news/2013-02-15/greenspan-ignore-economy-only-stock-market-matters
 demonstrated: http://sociology.ucsc.edu/whorulesamerica/power/wealth.html
 has stalled the economy and prevented lending to Main Street: http://www.washingtonsblog.com/2013/06/81-5-of-money-created-through-quantitative-easing-is-sitting-there-gathering-dust-instead-of-helping-the-economy.html
 bailing out foreign banks … more than Main Street or the American people: http://www.washingtonsblog.com/2013/07/the-federal-reserve-is-bailing-out-foreign-banks-more-than-the-american-people-or-economy.html
 hedge funds, McDonald’s and Harley-Davidson: http://www.washingtonsblog.com/2010/12/fed-data-shows-foreign-banks-huge-beneficiaries-of-emergency-lending-programs-hedge-funds-mcdonald%E2%80%99s-harley-davidson-and-others-also-bailed-out.html
 here: http://www.washingtonsblog.com/2011/06/bernanke-is-either-not-very-bright-or-not-very-honest-he-admits-he-doesnt-know-why-we-have-a-weak-economy-but-hes-the-one-who-weakened-it.html
 here: http://www.washingtonsblog.com/2009/09/how-well-has-the-federal-reserve-performed-for-america.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.