Fed Earns Record $82 Billion Due to Stimulus Spending

Here's a headline that didn't make the front page of the Union-Tribune, or even the front section, amazingly.  After averaging a transfer amount of $25 billion during the previous decade, the Fed transferred $47.4 billion in 2009 and now $79 billion for 2010, a new record an a 66% increase over the previous year.  This is money that goes directly to the US Treasury.  This should have gotten much more media coverage. 

Remember this next time someone criticizes President Obama's economy recovery plan.
Article in Huffington Post