It’s time for another edition of our regular Friday feature on Mitt Romney’s aversion to truth.
As usual, OUR SOURCE is progressive blogger Steve Benen. Be sure to check the bottom of Steve’s post for links to 33 previous collections of Mitt’s mendacity.
Let’s keep our eye on the ball folks.
http://www.cnbc.com/id/49037337
Ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.
The Fed on Thursday said it would pump $40 billion into the U.S. economy each month until it saw a sustained upturn in the weak jobs market. (Read more: Fed’s ‘QE Infinity’ — Four Things That Could Go Wrong)
In its downgrade, the firm said that issuing more currency and depressing interest rates through purchasing mortgage-backed securities does little to raise the U.S.’s real gross domestic product, but reduces the value of the dollar.
In turn, this increases the cost of commodities, which will pressure the profitability of businesses and increase the costs of consumers thereby reducing consumer purchasing power, the firm said.
“Eye on the ball” = ignore the blatant and outrageous lies?
Anyway, to me Mitt is the most Communist politician in my lifetime. At least the Communism I’ve seen practiced in the USSR and Red China.
His models are clearly Brezhnev and Mao. Lie, lie, lie to the people while you enlist mindless party followers to hat the “elites”. Develop an economy that consolidates all the power and wealth among a select few. Tolerate no dissent. Label critics as enemies of the motherland. Push for taking away more freedoms under a broader “Patriot Act”.
The guy is as as Red as they come.