The b*****ds are back in town

Posted on

As the FT notes:

Political opposition to the US Federal Reserve’s new $600bn round of quantitative easing – nicknamed QE2 – is becoming a push by some Republicans for a change in the Fed’s mandate, dropping its goal of maximum employment and making it focus only on inflation.

It is simply staggering that people vote for the Republicans. Like the ConDems here they income tax,put the interests of capital above everything else, and somehow or other persuaded people to behave like turkeys voting for Christmas.

It is, quite literally, beyond my comprehension that anyone could put the interest of capital above the interest of human beings. And yet they do. In my book people always come first, and that cannot happen by putting capital first.