Obama’s Trickle-Down Economics – Washington Examiner   “‘Top-down economics doesn’t work,’ President Obama told an adoring crowd this September in Virginia Beach. ‘We don’t need to double down on the same trickle-down policies that got us into this mess in the first place,’ he continued. Fighting income inequality has been the ‘driving force’ of Obama’s entire tenure as president, the Washington Post’s Zachary Goldfarb tells us. It certainly explains why Obama is willing to risk sending the U.S. economy into a second recession in order to obtain a $1.6 trillion tax hike on the richest 2 percent of Americans.”

“But if redistributing wealth from rich to poor is such a high priority for Obama and the progressive movement, one wonders why they have been so supportive of Federal Reserve Chairman Ben Bernanke.”

McMansions Return: Why Big Houses Are Coming Back – CNBC   “After five years of downsizing, homeowners may be ‘upsizing’ once again. A growing family and a need for more living space are the prime reasons across the generations, according to a new survey by national homebuilder PulteGroup. During the last housing boom, extravagance drove new construction and remodeling. Now, the trends are more practical, with energy efficiency and the need to accommodate growing families driving the gains. Home owners are also looking to builders to help them use the space they have more efficiently, especially Baby Boomers.”

The Fed Is Buying Time—Why? – CNBC   “There is nothing substantively new in the U.S. Federal Reserve’s latest statement … The question now is: if that is so, why the Fed considered it necessary to say what the ‘Fed watchers’ have known all along, i.e., policy actions will respond to changes in these key variables.”

“Investors should keep in mind the problems posed by financial system’s post-recession adjustments before falling for vacuous arguments that monetary policy is ineffective. There is no ‘pushing on the string’ or ‘liquidity trap’ here. It is just a matter of time until the recovering banks are able to go back to finance consumer and business spending. That is now taking longer than usual because of the severity and duration of the financial crisis.”

Global Growth Will Never Return to its Glory Days – USA Watchdog    “Chris Martenson of PeakProsperity.com says, ‘We have an economy that requires constant exponential growth . . . that won’t happen.  We’re on an unsustainable course.’ … ‘The risks are piling up in the financial system. . . . The Federal Reserve is printing, printing, printing . . . we’re going to have a world class currency crisis.’”

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