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Showing posts with the label obama economic disaster

Brace Yourself America - The Depression Will Take an Ugly Turn

Obama's pork filled stimulus plan is going to drag the depression on longer than necessary, and lead to inflation. Yes, the 80's is going to be knocking again. The very plan that is supposed to stimulate the economy is actually going to extend the depression. Historically, these spending programs have always failed, doing nothing to help the economy. In fact, this plan rolls out over the next several years and really hasn't really started -- even though now is when it was supposed to be needed most. Countries, like China, have been borrowing money to the U.S. to continue this influx, but they are worried. The U.S. has resorted to printing more and more money, threatening to cause a total collapse of its currency. When the stimulus money begins to take hold the recession may be easing, resulting in consumer/business spending and investment. Add this spending to the governments spending and we have the return of "stagflation." The return of inflation will lead to an