Thursday the Federal Reserve said it would begin buying $40 billion worth of mortgage secured bonds each month until the unemployment rate fell and the economy showed a more vigorous recovery. At the news the stock market soared back to 2007 levels.
Stock market rises are fueled by people with money; that top 1 percent that both President Obama and candidate Mitt Romney represent. (Romney in spades.)
The Dow Jones Index has been rising all year. It is reasonable to suppose that rich people are buying stocks because they believe the economy is recovering and will…
