by Bill Clark

Created on: March 01, 2009   Last Updated: March 04, 2009

I would first like to state that there will be those few that see Mr. Obama's socialist agenda and his radical ideas with a positive light. What is unfotunate for us is that the majority of those are members of the mainstream media. They will continue to be cheerleaders for this adminastration, even as this great country spirals out of control. The rest of the world will view America as a financially,socially,and militarlly weakened. The giant is no longer sleeping, but in a coma.

The president's fiscal policy so far has been abismal and Wall Street continues to show its lack of trust. The one thousand plus page "stimulis bill" is mostly filled with unstimulating and unnecessary spending; these include habitat protection for the salt-marsh harvest mouse,a train from Disneyland to Las Vegas,and my personal favorite, commercial shrimp farming in Arizona, a land locked state.

The huge increase in the size of government can only be funded a few ways; printing more money that devalues the dollar, which creates inflation, raising taxes on those who create jobs that does not encourage those comapnies to hire more people,and selling bonds (those are mostly bought by sovergn wealth funds foreign governments). China and the Europian Union already own billions of our debt. The administration's master plan for the banking industry is not a pretty sight. We are buying controling interest in these institutions, when the government was responsible for starting this avalanche.

Fannie Mae and Freddie Mac, along with the community redevelopment act in the early nineties, "pursuaded" banks to ease up on loan restrictions. We all know where this ended up; people who had no business even looking at houses for sale, much less buying one, owning "McMansions"while ironically working at McDonalds.The trifecta of this monetary horror show. the president's redistributionist welfare plan; taking money away from those who work hard and earn their living and hand it out to those out there who choose to game the system and get that free lunch.

The Japanese will watch us make the same mistake they made eight times, trying to spend our way out of econonic slump. The Chinese will have us right where they want us: unable to speak out against any of their policies for fear of them calling in any or all of our i.o.u.'s.The oil producing countries will rake in the money because oil is traded in dollars. The less our money is worth, the more it takes to purchase everything.

The Russians will use their

• 1
• 2
• Next Page >>