Originally posted by: blackangst1
Meanwhile,
yet another article about how Obamanomics is fucking us.
"we can't pay for it all." Obama supporter former Secretary of State Colin Powell
this will create a "debt exposion" and will have "horrifying" consequences. Big time Brit economist Tim Congdon
"A country that continuously expands its debt as a percentage of GDP," he said, "and raises much of the money abroad to finance that, at some point, it's going to inflate its way out of the burden of that debt. ... Every country that's denominated its debt in its own currency and has found itself with uncomfortable amounts of debt relative to the rest of the world, in the end they inflate. And that becomes a tax on everybody that has fixed dollar investments." Obama supporter Warren Buffett.
"As markets revive," he said, "fear of inflation will drive up interest rates, which will
choke off recovery ." MoveOn.org/George Soros
President Obama and the Democratic Party's congressional supermajority represent nothing less than a grave and gathering threat to that which made America great ? free enterprise, competition, allowing people to keep as much of their own money as possible, and the assumption that people know better how and on what to spend their money than does government.