Friday, January 30, 2009

Economic Stink-ulus package

The classic economists/scholars definition of "inflation" is "...too
many dollars chasing too few goods and services". The Fed is printing
money as fast as the presses will run. Curves showing the US money
supply show a sudden vertical climb to a height on the curve that is
greater than all the money supply growth before 2006 combined.

The increase in the federal deficit must be paid for somehow, at the
moment it's paid for by use of the printing presses. This bodes not well
for inflationary pressures in the not-too-distant future. Can anybody
spell "Weimar Republic"??? Before we get to the point of
rubber-stamping "1 million" on $1 bills the Feds will do something,
I know not what, cannot conceive of any idea except official government
bankruptcy, to stop it.

The public debt is nothing but freshly printed money "on hold". The
public debt now stands at well over 10 TRILLION (that's TRILLION,
with a "T", count 'em yerself) dollars. The Keynesian Economic fraud
that's being sold as a "stimulus package" is increasing this years debt
by well over another TRILLIOM, and the Obama administration was
talking last week in terms of TRILLION (that's TRILLION, with
a "T", count 'em yerself) dollar annual deficits far into the future.

This "economic stimulus" (read: "stink-ulus") plan is being hyped as a
new "New Deal". It's a well established, well-known fact the the Great
Depression
of the 1930s was worsened and prolonged by the Rooseveldt
Administration tinkering with the economy. FDR did NOT bring an end
to the Great Depression, WWII brought an end to it. Left alone, the US
& world economies would have recovered quicker and would have
emerged much stronger and more resilient.

As you may know, the Obama stink-ulus plan passed the US House of
Reprehensibles on a strict party-line vote, 100% Republican "NO" votes
along with 11 Democrats. This fraud now goes to the US Senate for
consideration. Please do your own consideration and think about calling
or emailing your 2 US Senaturds and urge a "NO" vote. Most will simply
be ignored and/or responded to with a reply of pure BS political rhetoric,
but at least have your say in this. The public debt last week amounted to
over $37,000 for every man, woman, child in the US. The sperm & egg
that get united at any given moment in this country will ultimately
(unless it's murdered, but that's a different diatribe) emerge as a
newborn saddled with over $37,000 debt.