Monday, July 13, 2009
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4 comments:
Great game, wish I could have been there to play!
Have you ever heard of a "depressflation"?
No surprise if you haven't. It's a term I coined myself, to describe the imminent -- and inevitable -- result of the Democrats' plans for "rescuing" the economy.
Think 1970s-style "stagflation" but much, much worse: massive inflation, even hyperinflation, together with Depression-like economic stagnation. A depressflation.
Why is this inevitable? Because with a bi-partisan consensus that deficits are vital in fighting the crisis (or easing the pain) there is no constraint on Obama and his party. The sky is the limit on spending, to the tune of a trillion-plus dollars over the next two years alone.
And there are only two ways to pay for it: (1) printing more money, which causes inflation, and (2) hiking taxes, which kills investment, businesses and jobs.
Written by Dick Morris
The American Heritage Dictionary defines a czar in addition to a "King" or "Emperor," it also defines a czar as a "tyrant."
How appropriate!
This means that Obama has surrounded himself with 32 tyrants.
Union official the new car czar.
A former steel workers union official is taking over the White House's automotive task force as the U.S. government shifts gears in its revamping of General Motors and Chrysler.
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