I didn’t mean to imply our government is a paragon of fiscal responsibility. Far from it. However, due to fortuitous circumstances nobody in our current government set up, we are better off than most of the other countries in the world. We benefit greatly from the fact that there isn’t any other better run. similar sized economies. We’re just luck as can be.
I love old cars. I read about them, I watch YouTube videos on them, and one thing often catches my eye. This or that car cost X dollars when new. Today that is ten, twenty, or thirty times as much money...for the same value. The dollar that I saved before Obama took office was worth about .13 cents when left office. He doubled the amount of dollars in circulation...not once, but twice. Then they did “quantitative easing” adding 87 billion dollars per month. It did nothing for economy. Why? Because he was a communist and everyone took their cash out of the economy and waited for Trump. It wasn’t so much Trump’s policies that made the economy shoot up, though they helped. It was all that cash flooding back into the economy that Obama had frightened away.
It’s the nature of our political system that we’ll never have a “stable” economy. It’s also the nature of our system that the rest of the world will be worse off... on average.
That would be an over SEVEN HUNDREDFOLD decrease in buying power after only eight years.
Are you sure you want to say that?
Regards,