The Obama Administration - Well Let Us Just Say They Are Not Economic Geniuses Despite Promises
The Obama Administration claims they have all the best economic scholars in tow, and their economic plan is working.
Well that's just horse ploppings as far as I am concerned.
The American People may have been ignorant enough to fall for their promises, branding PR, and road show to elect them, but they aren't stupid when they see where we are today.
The socialist utopia builders claim that we need to continually stimulate the economy, all the while they spend money growing the size of government, pilfering the treasury, and wasting the taxpayer's money.
Okay so, let's talk about legitimate economics, not the nonsense that the Obama Administration would have you believe, First, I recommend that you read this economic paper; "Control of the Public Debt: A Requirement for Price Stability?" by Michael Woodford (NBER Working Paper 5684) published by the National Bureau of Economic Research, July 1996.
Now realize that not only does the Obama Administration not have a handle on the public debt, but they are spending a trillion dollars a year over budget, all the while claiming that they cannot run the government without it.
And in doing so they want to chop down and gut the military even though pooling our money for the common defense is the main reason we create a Federal Government in the first place (cite: history).
In the August 27 edition of Bloomberg BusinessWeek there was an article; "Opening Remarks - They Can't Be Serious," by Brendan Greely which stated; "Both presidential campaigns claim to care about reducing the federal deficit.
Neither has any intention of doing so.
" Well, that maybe so, still, if recent past is any indication, this current administration has no intention of stopping the waste or bleeding.
The only reason all their spending hasn't collapsed our economy yet is because they have another huge problem; trade deficits.
So, as we are making our country weak, we are making other nations such as those in the Middle East and China very strong.
As those nations begin to deal with their own inflationary problems and economic instability, much of that money will seek safe haven here.
When it comes back, we will have a huge challenge with price stability, inflation, and unwanted massive foreign direct investment in our economic mainstay industries; energy, infrastructure, water, real estate, mining, rail, transportation, distribution, and perhaps even defense suppliers.
This is bad news, and yet, they just keep spending, spending, and spending, like drunken sailors and "no offense to drunken sailors" as they are spending their own money which they actually earned.
Please consider all this and think on it.
Well that's just horse ploppings as far as I am concerned.
The American People may have been ignorant enough to fall for their promises, branding PR, and road show to elect them, but they aren't stupid when they see where we are today.
The socialist utopia builders claim that we need to continually stimulate the economy, all the while they spend money growing the size of government, pilfering the treasury, and wasting the taxpayer's money.
Okay so, let's talk about legitimate economics, not the nonsense that the Obama Administration would have you believe, First, I recommend that you read this economic paper; "Control of the Public Debt: A Requirement for Price Stability?" by Michael Woodford (NBER Working Paper 5684) published by the National Bureau of Economic Research, July 1996.
Now realize that not only does the Obama Administration not have a handle on the public debt, but they are spending a trillion dollars a year over budget, all the while claiming that they cannot run the government without it.
And in doing so they want to chop down and gut the military even though pooling our money for the common defense is the main reason we create a Federal Government in the first place (cite: history).
In the August 27 edition of Bloomberg BusinessWeek there was an article; "Opening Remarks - They Can't Be Serious," by Brendan Greely which stated; "Both presidential campaigns claim to care about reducing the federal deficit.
Neither has any intention of doing so.
" Well, that maybe so, still, if recent past is any indication, this current administration has no intention of stopping the waste or bleeding.
The only reason all their spending hasn't collapsed our economy yet is because they have another huge problem; trade deficits.
So, as we are making our country weak, we are making other nations such as those in the Middle East and China very strong.
As those nations begin to deal with their own inflationary problems and economic instability, much of that money will seek safe haven here.
When it comes back, we will have a huge challenge with price stability, inflation, and unwanted massive foreign direct investment in our economic mainstay industries; energy, infrastructure, water, real estate, mining, rail, transportation, distribution, and perhaps even defense suppliers.
This is bad news, and yet, they just keep spending, spending, and spending, like drunken sailors and "no offense to drunken sailors" as they are spending their own money which they actually earned.
Please consider all this and think on it.
