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Bob I QE2 eight months after the Federal Reserve first started flooding treasury markets with cash quantitative easing comes to an end.
The plan was supposed to -- the economy.
But it's more like -- -- got cooked.
By any measure the program has been a failure consider.
QE2 was supposed to set a fire under the housing market by holding down mortgage rates it succeeded in keeping rates at historic lows.
But homeowners didn't respond.
Today housing prices are headed down again.
QE2 was supposed to get businesses to spend -- higher by making corporate borrowing costs shrink.
Cost ensuring the company's largely kept their cash -- two trillion dollars of -- on the sidelines.
QE2 was supposed to help the stock market and it did markets rallied smartly the consumer confidence hasn't rebounded as a result.
QE2 was supposed to save us from Japanese style deflation.
Well we have raging commodity price inflation instead the success hard like.
But -- quantitative easing was more of the same from an administration that has never given up on the belief.
The government spending is a solution to all problems even now after more than a trillion in stimulus spending.
The economy languishes in unemployment remains at unacceptable levels.
What's the definition of insanity.
Doing the same thing over and over and over again -- expecting a different result.
But that's might use.
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