Sarah Palin: As Predicted, QE3 is Upon Us

By Sarah Palin

President Obama is clearly revealing his rapid loss of any grip on the economic and security issues that are of utmost importance to our country. His economic and foreign policy blunders are manifesting chaos. On the same day when we see more chaos erupting in the Middle East and President Obama declaring that Egypt is no longer considered our ally, the Federal Reserve announced that it will spend $40 billion a month to purchase mortgage-backed securities with no end date set. QE3 is upon us.

In a speech nearly two years ago, I asked: “If [QE2] doesn’t work, what do we do then? Print even more money? What’s the end game here? Where will all this money printing on an unprecedented scale take us? Do we have any guarantees that QE2 won’t be followed by QE3, 4, and 5, until eventually – inevitably – no one will want to buy our debt anymore? What happens if the Fed becomes not just the buyer of last resort, but the buyer of only resort?

As predicted, QE3 is upon us. Is it any wonder that the dollar is down against major currencies? This temporary, artificial economic “stimulus” bought at the expense of high inflation is no substitute for a stable currency and genuine long-term economic recovery. This is what happens when big government centralized planners try to “plan” our economy. President Obama is no doubt happy, though, that this latest sugar fix comes 53 days before the election.

Flashback: Sarah Palin Knew Obama’s QE2 Plan Was A Bust Long Before Economists Did

2 Comments

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2 responses to “Sarah Palin: As Predicted, QE3 is Upon Us

  1. Ted R. Howell

    I sure wish you’d jump in the race. You can see,we have know leaders to choose from. The best of the 2 evils….Any chance? God Bless you Sarah.

    • Gary P Jackson

      It’s too late for the Governor to jump in now. The best we can do is help Romney beat Obama, and pray Sarah challenges Romney in 2016.

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