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Tell the Federal Reserve: Don't Raise Interest Rates! ACTION US


Business  (tags: Federal Reserve, interest rates, big banks, money, economy, labor, americans )

Nancy
- 1339 days ago - action.workingfamilies.org
If the Fed raises interest rates, more money will go in the pocket of bankers instead of the people. There will be fewer jobs at a time when thousands of people are STILL out of work from the recession -- and lower wages for the lucky ones who...



   

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Comments

Patrick Donovan (344)
Monday August 24, 2015, 2:16 pm
This request is a dual edged sword:

- if rates rise, then those reliant on earnings from savings - eg, retired people - will benefit.

- if rates don't rise, then the economy keeps growing and people who are still working will gain.

I can't sign the petition in good faith because I am retired living on my savings which are earning next to nothing.

On the 3rd hand, rising rates would force companies to deploy their cash hoards in a higher risk manner: hiring more employees and investing in income productive activities instead of just buying each other.
 

Solitary Eagle (324)
Monday August 24, 2015, 3:04 pm
Signed, thanks Nancy.
 

Darren Woolsey (218)
Monday August 24, 2015, 3:50 pm
Signed
Thanks Nancy.
 

Animae C (508)
Monday August 24, 2015, 5:05 pm
Signed
Thanx Nancy
 

Past Member (0)
Monday August 24, 2015, 9:09 pm
Signed-thx Nancy
 

Christeen A (303)
Tuesday August 25, 2015, 1:22 pm
Signed.
 

Roger G (148)
Tuesday August 25, 2015, 2:09 pm
keeping interest rates too low for too long creates an economic and real estate bubble which hurts the working class, we see it here in Australia were the average price of a house in Sydney is now 1 million dollars, making it unaffordable to many young australians, so now because of low interests rates kept low for too long, working class families can NOT buy anymore the house they dream of.. the Australian dream is now dead because of it// and so is the American dream...
 

Lois Jordan (63)
Tuesday August 25, 2015, 4:00 pm
Signed & noted. Thanks, Nancy.
Although with the recent stock market drop, it looks like the Fed will not be raising rates in coming months. Looks like they're going to wait until spring.....although that could change.
 

Bonnie Lynn M (1)
Tuesday August 25, 2015, 4:59 pm
Petition signed. Thank you
 

Judy C (91)
Tuesday August 25, 2015, 7:03 pm
Signed. Thanks Nancy.
 

Heidi Aubrey (4)
Tuesday August 25, 2015, 10:50 pm
I am also one of the one's who will not sign this petition. Not necessarily for having a higher interest rate on my savings account(it would be nice), but more for the sake of our government.

Setting the Federal Interest rate to zero percent was an emergency measure to keep the country from sliding into an all out 30"s, style depression.

If you are not familiar with the Great Depression, I urge to read about it. It makes our 2007-2008 Recession look like a cake walk.

They had NO government programs for the poor. None. Then top it off, there are no jobs to be found anywhere the only relief came from the Salvation Army who set up food lines. The meal was a bowl of rich soup. They always ran out before the line was half fed. These were really long lines.

They ate whatever they could find. Too bad they didn't grow some of their own food.

Ah! The power of Organic gardening, even a potted garden will grow whatever you plant. You put up(can) the excess of the harvest for lean times.

Our government should earn interest on their income for that rainy day as well(same reason you-hopefully-and I save). This is also what funds all these -now- social programs.
 

Jordan G (37)
Wednesday August 26, 2015, 5:05 am
Better luck nailing water to a wall.
 

donald Baumgartner (6)
Wednesday August 26, 2015, 1:23 pm
Signed!!!!
 

Birgit W (160)
Wednesday August 26, 2015, 2:49 pm
Signed.
 

Edith B (146)
Wednesday August 26, 2015, 9:12 pm
I need the interest, too, since I am retired. But, I signed the petition anyway. Too many people are struggling now and a raise in the interest rates would harm millions.
 

Nancy Black (308)
Wednesday September 2, 2015, 8:46 pm
I am retired also; but I do realize there are two sides to every idea,. None of us want our oxen to be gored, since I have a safe pension, I signed the petition for those who are still working, but I can more than understand why those who only live on social security would not want to sign.
 

Terrie Williams (798)
Friday September 4, 2015, 7:51 am
Signed and shared in private email, noted.
 

Past Member (0)
Friday September 18, 2015, 7:27 pm
Noted, signed--thanks Nancy.
 
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