America's Problems Won't go Away Overnight

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Obama's great economic plan_ Take from Peter to pay Paul_ Ron Paul?

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The dust from Obama Fest has settled, will America turn its collective eyes to the myriad of problems engulfing the country or grab the Ho Ho's and head to the couch for the next episode of American Idol?  As President Obama takes office, millions around the world eagerly await his next move. He pronounced he is ready to lead and change the way Washington works and how the world sees America.  Starting off his presidency with a $150,000,000 block party probably wasn't the greatest idea.  With the aftermath of the financial meltdown still fresh in the minds of America, an exercise in frugality would have been appropriate.

Saddled with a reported $11.5,000,000,000,000 deficit run up by the outgoing Bush posse thanks to the War on Terror and reckless inflationary policy, Obama is calling for another $700,000,000,000 stimulus package coupled with a $30,000,000,000 tax cut on middle America.  Throwing another  trillion on the fire pit at the expense of those it's meant to help baffles me.  I'm not an economist but where will the money come from to pay for this.  The recession is deepening daily, the banking system is shot, the Detroit car industry is in effect bankrupt, the housing market is in the advanced state of meltdown and the budget deficit is going through the roof even before he announces the stimulus package.  Most of the recent evidence - be it jobs, real estate, consumer spending, industrial output - suggests that Obama takes over with the economy in reverse.

I would love to see Jay Leno do an episode of Jay Walking where he asks America where the money comes from and they undoubtedly would say,  "the government".  News flash! It comes from the Federal Reserve which is not federal at all but a private group of bankers who've been bankrupting the government since its inception . You can thank President  Woodrow Wilson for that one.  Taxes will  have to go up and cuts will have to be made to feed the inflation machine.  In all likelihood had the U.S Treasury continued with the issuance of  currency and not entered into the deal with the Federal Reserve Beast, there would not be rampant inflation, escalating debt and an insane over-dependence on credit.

He will also have to deal with the disgusting mismanagement of $350,000,000,000 in handouts to greedy bank trash and corporate hogs as well as the $350,000,000,000 still to come.  Whatever he has in mind, the consideration of the citizens should be first and foremost not catering to the elite.

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