Sunday, September 16, 2012

Paul Ryan: QE3 Is A Bailout For Obama, "Sugar High Economics"


The Hill reports:

Rep. Paul Ryan (R-Wis.) said the Federal Reserve’s latest policy shift amounts to a “bailout” of the economy under President Obama. 
Speaking at a campaign event in Oldsmar, Fla., Mitt Romney’s vice presidential candidate lambasted the Fed’s recent decision to try and do more to boost the economy as “sugar high economics.” 
“We don’t need synthetic money creation. We need economic growth. We want wealth creation,” he said. “We don’t want to print money. We want opportunity and growth.”

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