Quote:
Originally Posted by Sinestra
Im willing to give Obama some space for about a year before i really start hammering down on him.
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You should hammer him now.
Economic 101, when in recession, increase money supply so you can stimulate demand which will in turn crank up production.
Problem, USA doesn't have any production capacity, it's all in China, so stimulating demand is only going to screw the trade balance even more.
What's more, Obama has pledged $53Ts in future spendings on medicare and whatever else when they already got $0 in the bank, this will send the national debt out of this universe and if China, Japan and the oil rich countries says no thanks, US is just going to implode.
Sinestra, you will be the victim of this anyway despite doing all the right things because the dollar you hold now won't be worth much in the future due to rampant inflation and the tax rate is going to go through the roof if US is going to have any hope of getting out of this hole.