"Obama’s choice for Fed chair: Hurting savers is good policy"

[WhiskeyGirl]

During her confirmation hearing Thursday, Janet Yellen, President Obama’s nominee to become chairman of the Federal Reserve, said she will pursue policies that hurt people who try to build up wealth, claiming that impoverishing savers serves the collective good of society.

“I understand that savers are hurt by this policy,” Yellen said under questioning from Republican Nebraska Sen. Mike Johanns about low interest rates.

Johanns told Yellen that her policies “are very, very hard on certain segments of our society.”

Why do members of the ruling class continue to get wealthy?   Politicians?  Members of Congress and White House?  Vote buying?

Stinks to be working your way out of poverty!!!

Read more: http://dailycaller.com/2013/11/14/obamas-choice-for-fed-chair-hurting-savers-is-good-policy/#ixzz2klOZN2iv