"Andy Borowitz: "The Dow Jones just hit a 4-year high, which means Obama is the crappiest socialist in history.""Tis true......his out of control spending binge is dropping the value of the dollar by 5-10% a year. So, naturally, whatever you have goes 'up' in value by 5-10% a year - other than houses, of course. Oil prices - doubled under Obama - and half of that due to the dollar now being worth 20% less in just 4 years.Your 'savings' are being whittled away.Worse, Obama is sowing the seeds, with his 'cheap money' policy, for large inflation just over the horizon. However, even with 'cheap money' business is NOT hiring at the rate needed. They know that a depression caused by massive money printing is right around the corner. IT's going to be stagflation time, just like Jimmy Carter did in the 70s.......spend, spend spend...a socialist...borrow borrow borrow......devalue the dollar by flooding the market. Yeah..just remember, the stock market loves cheap money, but it doesn't drive the GDP, nor jobs, nor the economy. And it only lasts as long as business actually makes money.....that all stops when interest rates spike up to 7% or more as they inevitably will. Just think of the interest on the debt if the gov't has to pay 7% for money. 16 trillion at 7%? That's a trillion we don't have just to pay the interest. We'd have to chop medicare spending to zero.....to pay just the interest on the debt each year. t.
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