Expenditures by the State may be beneficial for the State (government), but they do not work for the economy. If Barack Obama wants to help the economy, he should not be taking money out of it for his own uses, supposedly to “help America.” Let’s get the Depression II over with, and we’ll be better off. FDR extended the First. Obama will extend the Second.
I read this article today on the nature of inflation and how it all works. If you think printing money is bad for the economy, wait until you see massive deficit spending that Obama promises during his administration. It’s the same result: inflation and devaluing the dollar. It’s subtle, so it’s not so noticeable, but it is happening nonetheless.
For a history of the current crisis, check this out, and then see if you think Obama’s plan will actually help Americans.
