The Reality of Obama’s Economic Plan and 2009’s Economy

I would highly speculate from recent Obama updates on our fiscal crisis, there is no utter change, merely a change in the executive job shifts. The Bush gang didn’t have the courage of moving a step forward, instead issuing, 29billion bailout for Bear Sterns, 25billion for Chrysler, Ford, 200billion for former Mortgage giant Fannie Mae/Freddie mac, 85billion for AIG, almost most totaling over a trillion dollar check to bailout private industry. Now to the Obama administrations, a economic stimulus over a trillion, bailing out, a bailout for ten states such as California in debt crisis, baling out Medicare, Social Security, a extra injection of money into Citigroup, an 825billion economic stimulus for Americas, in tax breaks, and unemployment benefits. The list get longer, longer, and continues to as the line of private & government credit shrinks, more private mortgage companies will cease loans due to the US dollar, flow of money supply, as well of property values, and the worst of it as Foreign Investors stop buying US dollars the monetary value will shrink considerably in a matter of months. A very well respected man, economist, CEO of Roger Holdings, is Jim Rogers who shares many of the same economic principles, ideals, and solutions as the famous revolutionary Ron Paul does in reform of government monetary policy.

The discomfort felt by the few and intelligent in Washington is that if it’s not bailout after bailout, printing for money thus increasing the money supply, getting interest rates at zero, still not having a gold back currency, Saudi oil investors start accepting Euro for crude oil, the United States is on the brink of national collapse and possibly civil war. It’s a fear haunting many in the halls of government both state & Fed, it teaches the fundamentals of Socialism are systematically unstable, along our Welfare state with money injections of billions into it, including our worst creation the huge calamity of the build up of the Military industrial complex. It hasn’t been to much of a miracle that our fiscal system as stand around long enough as it has, with a messages and false promises of fixing our deficit is a joke, when we add up about the average taxes an American individual pays it’s around 45 to a 50%, almost as high as Canada.

Then we need to include the money that builds Social infrastructure nationwide, the money spent on the US armed forces the strongest most powerful military in the world, Welfare which includes Housing Subsides, Farm Subsides, Food Stamps, Head start program, AFDC, Medicaid, Medicare, Social security, it’s a list that can go on to taxpayers money fixing toilet in the white house. It’s an old strategy from the politicians book of policies, Barrack Obama is certainly no maverick or has independent schemes he came up with himself, he’s a puppet just like any other goon in the halls of western government powers, he’s a nobody. He’ll steer the country right into the maelstrom into the depths of oblivion and destruction, or totalitarianism will be America’s next host, and well have recalls of currency, mass labor forces working agriculture, who knows maybe even slave labor, but there can be not resurrection of common sense or reason in government anymore , it’s everyman for himself.

Even during the times of economic turmoil in the 70s and 80s, our debt wasn’t nearly as huge, and some things that made conditions better, were we barley still back by gold reserves, we had high interest rates, Vietnam ended and not as much money was printed, and through a deal with Saudi Arabia our main source of Oil we offered our dollars for there Oil reserves, thus in a sense we decreased them money supply in the country. One key that the Federal government messed with was price controls in our free market, it was the government pushing buttons, but it broke a key principle in Capitalism, it was hurtful for American business and decreased profits for private business, hurt the market, and was bad for business. In Ludvig Von mises the Austrian economist writings agreeing with Adam smith’s book Wealth of Nations, we have a huge opportunity to prosper, gain money, feed families, and make many of America’s promises come true only if we don’t have government intervention which is utter, Socialism or Communism.

I would highly highly suggest readers to look up these events that our similar to our problems now, such as the War against the Chinese Nationalist’s against the Communist’s, Wiemar Germany during the 1920s and 30s, China again during the 1300’s the ones who first came up with Paper currency, and even the beginning of our countries problems with the US private run bank. The informal practices of US baking have been going during the entire time of the country, there were National vs State banks from the civil war to the 1890s, what’s interesting in the Civil war was sometimes there varying differences in both currencies due to state bank being rouge and printing as they willed, which would change later when state banks closed and National currency was instituted nationwide. The National Bank act instituted in 1863 was right in following the US constitution in the government was solely in charge of Monetary policy, though during a year it was back by a limited amount of silver/gold reserves, but due to rising cost’s in munitions, and the growing anxiety to the end the war, the National bank de based, thus everything was merely printed in resulting inflation. True we were on stable economic principles of which were, Capitalist, for free market principles, but the amount of money printed into the system, so much money was printed and needed that we got rid of gold/silver since it does give us so much money to spend. See paper bills the green stuff as we call it or, greenbacks, were merely something of issued bank notes as a IOU entitling an individual to a certain amount of gold or silver at the certain bank it was issued from, but that’s all changed now.

An ill fact is that the US national debt being 10.2 trillion still adding up with the bailouts, foreign borrowing, but the US GDP is recently estimated to be 14trillion a year, a disastrous fact for all American’s especially the future generation with not making enough a year to pay off the debt. A effect of higher taxes which even Obama said is going to be a policy of his, including which Herr Joseph Biden said paying taxes was a Patriotic thing?!

Our founding fathers including Andrew Jackson had strong opposition to the kind of economic/spending policies our government conducts these days, I’m sure as the current plans of the United States in bailouts, welfare, and tax cuts unravel and still proceed, the Founding fathers are surely rolling over in their graves.