• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

OBAMA HAS NO CLOTHES

hypocritexposer

Well-known member
Path Two: Observe that, during the period of Japan’s quantitative easing, the economy actually did pick up, albeit on a cushion of growing government debt. Using the same approach, one might push the worst of the economic problems past the next presidential election. Given his political skills, that approach syncs up nicely with what is almost certainly Obama’s most pressing personal goal: to avoid at all costs the ignominy of being a one-term president.

Besides, Team Obama could rationalize, even though the quantitative easing will have no lasting effect other than sending government deficits through the roof (a fact that Obama has been very candid about), it will at least buy the new administration some time to come up with another plan that might actually work.

I sincerely believe that just this sort of calculation has been made, and not for practical economic reasons – but almost entirely political ones. Supporting that contention, a large part of the spending in the latest stimulus bill is slated for 2011, the year before the next presidential election is held. Coincidence?

Then there is the $2 billion earmarked for ACORN in that same stimulus bill. While I tend to dismiss the allegations about ACORN’s purported voter fraud as desperate measures on the part of the failing McCain campaign, what we do know about ACORN is that their primary mission is voter registration, and that they are very friendly to President Obama.

It’s all a big win-win… as in “yes we can” win-win the next presidential election.

The way the current mess will actually get cleaned up is through the adoption of measures that support, or at least don’t hinder, entrepreneurs running or starting businesses and expanding into new markets. What we have instead is yet another experiment in more government.

http://www.financialsense.com/editorials/casey/2009/0220.html

David Galland is the managing editor of The Casey Report, the flagship publication of Casey Research, for over 28 years providing individual investors with unbiased research and recommendations designed to help them navigate the ever-changing tides of investment markets. Did your broker or favorite investment commentator warn you of the current crash? Casey Research did…

“The banking system will have trillions in mortgages, credit card balances and other consumer debt they won't be able to collect. Millions of houses will hit the market in distress sales. Local governments, which are relying on inflated property tax bills to raise money to squander, will see rising expenses as an impoverished public demands more services – at the very time their revenues almost cease to exist. All of this adds up to a much more serious scenario than a stock market collapse.

(Profit from the Collapse of Western Civilization, lead article, August 2005).
 
Top