Fed Hints at More Action: “What Are They Waiting For?” – Yahoo  “But Dean Baker, co-director of the Center for Economic and Policy Research, is ‘at a loss to understand what exactly they’re waiting for.’ Noting the Fed’s own forecast that economic growth will remain tepid (at best) and the unemployment rate will come down ‘only slowly,’ Baker says ‘it’s a little hard to understand’ why the Fed didn’t move at Wednesday’s meeting. ‘They’re sorta saying they’re prepared to do something if it’s needed – well, it sure looks like it’s needed.’”

ECB Responds To Europan Recession, Debt Crisis By… Doing Nothing – Huffington Post  “The European Central Bank on Thursday stared a recession and financial crisis in the face and decided to do absolutely nothing about it. It was a page right out of the Federal Reserve’s playbook, which on Wednesday stared a slowing economy and high unemployment in the face and decided to do absolutely nothing about it. … The lack of action from either the Fed or the ECB this week stands in stark contrast with their dour economic assessments,” Marc Chandler, global head of currency strategy at Brown Brothers Harriman, wrote in a note. ‘The assessment and action will be brought into line, but not as soon as investors want.’”

Boehner: President Obama ‘Has Never Had a Real Job, for God’s Sake’ – Yahoo  “But the President has never created a job. He’s never even had a real job for [God's] sake. And I can tell you from my dealings with him, he has no idea how the real world, that we actually live in, works.”

Cruz: The Government Spending Gravy Train Has to Stop – CBS News  “Look, everyone who has a vested interest in the status quo, in business as usual in spending and spending and spending, wants to stop anyone who wants to stop that gravy train. But I think the American people are looking for leaders that aren’t going to Washington to suddenly be popular at the cocktail parties. They’re looking for leaders to go to Washington and to be public servants.”

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