Monday, February 9, 2009

Further Signs that Obama is fed Pablum!

What a dismal site: There, the commander in chief, earnestly, trying to show empathy in a town hall meeting. Just like Bush, reciting a litany of grievances on previous administrations, ghosts that need to be exorcised and the big man imploring support for his rituals. As forewarned, it did not take long before the powers that be, have corrupted the true understanding of the last days of the republic.
If the Republicans can be commended for delaying by all tactics available to them, the ratification of the spending bill, we are of the belief that it is more in spite that they don't get to spend it themselves and are just planning their 2012 campaign by showing their disdain for this folly rescue package.

We are of the belief that a 50% fall in aggregate demand for a fraction of consumer products will ultimately be met with a 25% fall in supply over the medium term which in turn will spike up inflation while keeping up high unemployment.. THE LAST thing you want to do is throw $8TB that will eventually end up creating hyper inflation when demand in 18 months will outstrip supply!

we are already seeing that the Obama administration has lost its way in the foggy swamps of economic half truths. While the road to indebtness is paved with rearview mirrors, please Mr. President avoid the rhetoric and anecdoctal evidence and let us live in fear for 18 motnhs rather than regret for the next two generations.

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