Of course not. When the right does it, it's OK, see. When the left does it, it's socialism or some damn thing. These suck ups say nothing except, "China, baaaaaaaad! America, goooooooood!"
The Fed is now buying EVERYTHING in sight in order to backstop EVERYONE. Today we learned it would buy in the municipal bond market, the commercial mortgage backed securities market, the might as well be junk bond market, and CLOs. That's not free market capitalism.
The Fed balance sheet is already past $6 trillion this week. Remember when it wasn't even a trillion back in 2007? Of course you don't. Remember when Bernanke promised to "normalize" it when the last crisis was over? Of course you don't. Guess who is promising the same thing again? Same Fed chair, different name. Jerry Powell.
It's bad enough the Fed has been long buying agency mortgage backed securities and Treasury securities.
Eventually it will buy stocks, too, now that it is buying anything and everything in the bond markets.
This is all bullshit. If you believe in capitalism, then you believe in bankruptcy. Nobody believes in that anymore, least of all Donald Trump. Otherwise he'd do something about it.
So America declares itself officially dead today, as it literally dies from a virus it willingly invited in.
How fitting.
Liberalism's mental disorder gets its death wish.
