Suffocating New Jobs By Government Edicts

The Federal Reserve started its  purchases of Treasury bonds and mortgage securities in December of 2009. That action has subsequently resulted in an ongoing rationing of capital which has taken a severe toll on the American economy.

The Fed action has enabled the government to carry on its huge deficit financing and it has helped foreign economies in their spending sprees. It has helped fuel Wall Street with a facade of phony optimism.

But underlying it all: Small business credit is being sucked dry by the aforementioned excesses. As a result, new jobs and enterprise are being sharply curtailed. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)