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Meanwhile BHO continues to make history. He has been in office two months and in that time his approval index has fallen 26%. I'm not sure any other POTUS has ever done that. Typically the numbers go up instead of down. Go figure.
She wanted to take all that money, but her handlers told her not to ... Sarah Palin can't make a decision without the okey dokey of the conservapublicans ... she was making a political decision pure and simple, not a decision for the betterment of the very people that voted her into office. Prudent? I think not ... you have the first letter right though ... P is the first letter of the word POLITICAL.
If you don't understand something I wrote, please ask me to clarify. I'd be happy to explain what I'm talking about. See we have a problem. No one is able to buy the bonds that correspond to the trillions we are printing at the fed right now. So what the Fed is doing is buying our own government debt. This has predictably caused the USD to fall relative to other currencies. It dropped 4.5% just today because currency traders understand that as we print more money, the value of existing dollars will decrease. So they dump them. Today they bought gold and crude futures. See crude is good because as we devaluate our currency, the price of oil in USD increases because the money is worth less. How do you like your stimulus package so far? Well, everyone knows it's a shell game and the money we are printing is worthless. Inflation comes next so hold on to yer wallet. It's gonna be a really bumpy ride!
"At this point, Bernanke is basically financing the national deficit by buying debt issued by the Treasury. In addition to capping Treasury yields, expanding the Fed’s balance sheet and printing more money to accommodate these purchases has sharply undermined the value of the dollar."
This is especially scary also, because as I study FDR, The Great Depression, and the "New Deal" (and how it not only prolonged the depression but deepened it), I see the Obama administration acting in the same way FDR did. Make work projects, throwing money into the system (thinking that is the solution) raising taxes, instead of lowering them, more regulations, empowering labor unions, etc., etc. Everything FDR did made things worse.
Obama seems to be following FDR's footsteps exactly. It is either deliberate, or he simply doesn't know what he's doing. Given that most Democrats "worship" FDR, I'd say it's deliberate. They are after power, and they see business as evil, as did FDR.
And then the spin ... rut ro ... I smell a flip flop!
Palin: stimulus "still on the table" - KTVA (http://www.ktva.com/ci_11963723 - broken link)
It's not hard to conclude that Sarah Palin is jockeying for position for a 2012 presidential run because she sure as heck is going to be looking for work if she keeps this crap up.
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Palins people sure seem worried.
