Barak Obama needs a lesson in inflation now…
CNN News story
So now Barak is jumping on the band wagon, pump more money into the economy and we’ll be fine. Sure. He cited jump in unemployment and rising gas & oil prices as the main reasons to do this.
OK, I haven’t seen a single penny from the last increase in available money (the stimulus checks were NOT part of that). But what I have seen is the value of my own money go down which causes the price of anything that has to do with any kind of importing go up. Food, gas, electricity, just about everything. Since our dollar is weaker now, it costs more to get the same amount of produce in a foreign country (even if the price of those products remained the same in the other country). So they throw this money into the economy but very few of us see it (I’m willing to bet the people who see it are the ones who don’t need it, the rich just keep on getting richer and us in the middle and lower classes get stuck with the high price tags).
Now Barak wants to do this again! Sure and I guarantee you that if another $500B (that’s $50,000,000,000) is thrown at us the value of our dollar will drop to historically low value and the price of oil WILL shoot over $200 a barrel and we’ll wish gas was only $4 a gallon. What’s the worst part is that we’re throwing so much money out of the country (outsourcing just about everything now) that there is less and less of it for us (you know, the people who pay to have the money printed?) to have in our own wallets making it more difficult for us to afford basics such as food, rent or mortgage, electricity, gas, etc.
I now see that Barak is no better than the rest of the politicians that are out there. Pat their friends on the back, fill their wallets and f*ck the working class in America, the people who actually voted him into the position he’s in now.
OK, government, do you really want to help the economy? How about this:
* Tax breaks for businesses that keep workers in the US
* Tax breaks for citizens
* (Politicians) Stop all the bull$h!t dilly-dallying in Iraq and bring the troops home
* Force the car manufacturers and fuel companies to put out more alternative fuel cars and filling stations, we know they own all of the patents but they’re just sitting on their hands while keeping us addicted to foreign oil. For me, the nearest “alternative fuel” station is over 4 hours away.
* Invest more into renewal energy & make it more cost effective