Remember back in September ’09 when the right lost their minds right before President Obama delivered a national address to schoolchildren, encouraging them to stay in school? Right-wingers claimed Obama was propagandizing his secret Kenyan agenda…or something.
Well, if Obama’s attempt to prevent dropouts made wingnuts piss themselves, this will surely make their heads explode:
Now that the midterm elections are history, Sarah Palin is setting her sights and rhetorical skills on the Federal Reserve and its easy money policy.
On Twitter, the former Alaska governor and possible 2012 presidential contender said she would begin a round of discussions at school events to teach children about quantitative easing to prepare them for the results of the Fed’s plan to boost the sluggish U.S. economy.
In an effort to boost lackluster growth the Fed has been injecting cash into the economy by buying up government securities in what it calls quantitative easing. It announced a fresh round of $600 billion in purchases last week and the action was welcomed by the stock market which moved higher on the news.
But critics, such as Palin and conservative Republican Ron Paul who is likely to head a House monetary policy subcommittee when the new Congress is seated in January, say the Fed’s move will do little to encourage economic growth and will ignite inflation.
Mm’k. Someone’s going to have to explain to me how this isn’t Palin taking advantage of schoolchildren’s vulnerable minds.
On the upside, even a five-year-old can see the gaping holes in Ayn Rand’s work, so we don’t have to worry about the threat of future generations being converted to Libertarianism.
Link to this article:
– Allison Kilkenny