With the Iraq war and Bush tax cuts creating deficits that will destroy our economy, do the neo-cons plan to inflate their way out of these debts as Germany did after WW I?
And do you realize that this will reduce almost everyone to poverty when this happens?
Still want more republican leadership?
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Do The Republicans Plan To Inflate Their Way Out Of The Debt Crisis They Have Created?11 comments to Do The Republicans Plan To Inflate Their Way Out Of The Debt Crisis They Have Created? |
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That’s their plan.
You’d think they’d learn by now that you can’t borrow yourself to prosperity. That’s the way it works with individuals, and it’s the same for government.
Debt is debt no matter how you try to smooth over the situation.
Republicans never met a deficit they didn’t like.
I think that was always the plan. When the national debt is tens of thousands of dollars for every family in the country, the only way we’re going to pay it is to have a massive wave of inflation and then it’s paid off in smaller dollars.
I really think it was the Republicans’ plan to have this happen under President Obama. 8^) Jimmy Carter is still blamed (by Republicans) for the trouble we had in the 1970s, but that was a direct result of (1) a massive debt from a long, unproductive war and (2) a sudden doubling in the cost of gas. Sound familiar?
Who was in the Fanny and Freddy trough up to their elbows?, Chris Dodd ( dem sen ) Barny Frank ( dem sen ) and contributions doled out to Barack obama and John Kerry and many other high profile dem’s.
In 2005 John McCain stood on the floor of the senate and told congress that if they didn’t get an oversight committee on Fanny and Fred that the taxpayers were going to get stuck holding the bag, And Dodd and Franks made sure no legislation went thru.
Who created?. Ya Porker
oh no lies please. there are 235 democrats in the house and 51 democrats in the senate since 2006 . majorities passing laws at will. short circuiting processes that existed for years. let’s put the blame where it belongs. that majority has done nothing but play politics to get more of their do nothing colleagues elected. if Obama is elected and his socialist programs go forward we will see nothing but more taxes and more deficits with bigger and bigger government spending and control of our lives. Pelosi had all the answers in 2006 . what happened?was she too busy saving the planet?
I was wondering when this would come up. The treasury, as we speak, is printing up massive batches of 100 dollar bills to cover all of these bail-outs. I suspect that the inflation that this will cause won’t hit until after the election, though the folks in the investment field are all running for gold now…that tells ‘ya something! Joe Lunchbucket doesn’t have any money to buy gold or much of anything else….too bad for Joe, eh?
Oh the price of gold is rising out of sight/And the dollar is sorry shape tonight/What the dollar used to get us/Now won’t buy a head of lettuce/No the economic forecast isn’t bright.
From , I’m Changing My Name to Chrysler….
Tom Paxton/Arlo Guthrie (Remember the Chrysler bailout?)
Do you know that raising the capital gains tax and raising taxes on the wealthy and corporations will cause people to stop investing, move jobs over seas and cause the economy to continue its downward spiral?
Still want to vote in Obama?
If this keeps up we’ll be like Zimbabwe. They just issued a new trillion zimbabwean dollar bill.
Apparently the republicans have broken the “infallible market capitalism” they’ve believed so strongly in. Enough that they have to bail them out. LMAO. Hypocrites.
dems killing bills to regulate the industry that is collapsing now created this problem
That and idiots lending money to the idiots they knew could not afford the loans they were getting.
Don’t you know? The economy is strong! Just ask John McCain, and George Bush.
Are republicans missing brain cells or what?
Now, since all of this Wall Street has played out during the election, it is causing alot of attention to both candidates. Although, I don’t think it’s fair to say one party is to blame, in this case the (Republicans). Of course the War in Iraq is costing us billions of dollars, we also have to look at other things as well. Hypothetically, lets just exclude the war. The Americans safety was at risk after 911, we went to war, that was a necessity to the Republicans obviously and everybody else around that time was hyped on going to war so lets just not include that right now in this Wall Street Crisis.
It has contributed to this Wall Street crash but not as much as people think. About 3-5 years ago, McCain tried to push a bill to start reforming Freddie Mac way before they went under and we had to bail them out, I don’t know the exact dollar amount I believe it’s anywhere from (25 billion) and thats not even including just recently AIG which was (85 billion dollars). Now folks just that right there is too much, and for some who may not have been watching the news, all of that bailout money was funded by the government, OUR TAXES!
Now reckless spending from CEO’s like that could have easily been prevented with REGULATIONS. They were spending OUR money carelessly and using it to re-invest in the stock market for more financial gain. Thats not fair, and could have been avoided but alot of people (Democrats and Republicans) in Congress denied McCain’s request to have those companies “regulated”.
So I just wanted to give some facts to support my answer, I think it’s totally unfair for Obama to use this as a political stunt and try to advance, saying that all of this is what McCain was okay with, when in fact, alot of this had to do with the Democrats in the Congress who did not agree with regulating big corporations on wall street. And now its like, They’re blaming McCain/Palin for the crash, and thats just not fair. Talk about the crash, and each candidate needs to address how they will not let that happen every again to our economy.