Fox's Varney: Bernanke's Money-Printing Covering Obama's Failed Policies

Wednesday, 18 Sep 2013 05:33 PM

By Greg Richter

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Federal Reserve Chairman Ben Bernanke's decision to continue the economic stimulus may have pushed the stock market to record levels, but it's not so good for other investments, Fox Business Network's Stuart Varney says.

"Ben prints money, pushes interest rates down. You go out and you try to invest money. Where are you going to put it?" Varney said Wednesday on Fox News Channel's "Cavuto." Bank CDs, money funds and bonds all yield very little as long as such policies continue, he said.

"I think the happiest guy in the country today is Barack Obama," Varney said. "Ben Bernanke is going to keep on printing that money, churning it out, at least into the near future. And that's offering cover for these failed redistribution policies which are really hurting the economy."

Without the current $1 trillion per year the Fed is pumping into the economy, interest rates would be higher and the housing market wouldn't be recovering as much as it has, he said.

"You're going to have to stop sooner or later," Varney warned. "You can't print a trillion a year forever . . . What happens when we stop? I don't know, but it's not going to be pretty."



© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

MSNBC's Lawrence O'Donnell Taking Extended Leave after Taxi Accident

Tuesday, 15 Apr 2014 06:56 AM

Cable news commentator Lawrence O'Donnell is taking a leave of several weeks from his job as host of the MSNBC program  . . .

Chairman of NJ Panel on Lane Closings Defends Role

Sunday, 02 Feb 2014 11:39 AM

The chairman of a New Jersey legislative committee looking into the role Gov. Chris Christie's administration played in  . . .

Democrat O’Malley's 'Better Off' Gaffe Explodes into GOP Talking Point

Monday, 03 Sep 2012 15:18 PM

Maryland Governor Martin O Malley sought today to clarify his remarks after Republicans seized on his answer to a questi . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved