Tuesday, January 6th, 2009
When the Inflationary Boom happens, will you give Obama Credit?
Sewious asked:
After the government prints more money, and uses our money to prop up failed companies, and uses our money to pretend jobs are being created, and in about a year (or less), when there is an inflationary boom and it seems like things are great, will you praise Obama? And what about the resulting recession that will occur after a few years? Will he get credit for that as well?
I shouldn’t have said Obama. My point was government in general and the belief that they can fix the economy.
After the government prints more money, and uses our money to prop up failed companies, and uses our money to pretend jobs are being created, and in about a year (or less), when there is an inflationary boom and it seems like things are great, will you praise Obama? And what about the resulting recession that will occur after a few years? Will he get credit for that as well?
I shouldn’t have said Obama. My point was government in general and the belief that they can fix the economy.
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January 8th, 2009 at 2:04 pm
Does not seem to make much difference at this point cause without millions of new jobs Americas dollar is going to be worthless very soon and the gold standard will be necessary just to keep doing business.