» posted on Wednesday, November 18th, 2009 at 08:18 by madblog
Is he waking up or just being honest?
News Story: Obama: Too much debt could fuel double-dip recession | Markets | Markets News | Reuters:
I am amazed here. Yep, I am amazed that Obama has finally stated what I predicted a few weeks ago that there is a possible double-dip recession. Where we part is that he believes that government jobs will be the saving grace and I believe lower taxes on businesses and people will increase the flow of money and mean more jobs. Also, he has allowed the Fed to continue to print more money which keeps lowering the value of the dollar. This in turn is inflating the prices of the stuff you buy, yet you don’t make more. So, you work the same but get paid less because the value of the dollar is less than last year.
So what needs to happen is a lowering of taxes, more non-government job creation, and shedding of the dollar to raise the value of the dollar.
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filed under Economy | post a comment | tags: Barack Obama, Blog, Capitalism, Communist Country, Congress, Constitution, Constitution Of The United States, Czar, Democrats, Democrats And Republicans, Diversity, Earth, Economy, Health Insurance, Job, Jobs, Money, Obama, Stimulus, White House
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