Posted by
King Vinyl on Wednesday, September 09, 2009 10:25:50 PM
Friends we are at the edge of a drastic economic recession; truth be told none of what has gone on in the past 8 months to 2 years measures up anywhere near what this country faced in the early 80's. Statistics that link this point to the Great Depression are concrete proof that facts lead us different place than the intentions of a misguided theory.
The urgency lies in the details of the unfunded stimulous plan. Bottom line is that we are out of money; Obama has got to come up with a way to pay for it but he is finding treasury notes in this market are a tough sell. China isn't happy with our new debt ceiling limit and will soon make it publically known they are no longer interested in owning our debt. Our response to that is key because if we continue to print money it will be seen as an effort to devalue our own currency.
The only Democrat alternative is massive new taxes to fund the treasury. Which is where healthcare and Cap&Trade come in; by taxings every ill behavior like they have done with tabacco. The Liberal establishment seek a full scale exploitation of the middle and upper end tax payers.