Calling it a Wall St. bailout is a bit disingenuous. Hyper inflation is also a bit of hysteria to boot. Energy and food prices are not just from a weaker dollar but a result of global demand for energy and a limited supply. When environmentalism drives your energy policy something very bad is going to happen. Limiting access to oil, incentives to people to burn food/feedstock, mandating fuels efficiencies and contents, taking energy companies while giving money to companies who are “green” but produce lots of red ink, etc. is a recipe for high prices.
For those of us exporting goods and services business has never been better. Yes, I estimate that my household costs have increased about $300 per month but if my income goes up $25K a year then WTF do I care since my products are cheaper to overseas customers? And, I can drive a little less, keep the thermostat at a more reasonable level and don't waste money on items I don't need. Also, if I own stock in agro/energy/steel and other money making sectors then I am doing very, very well. Yes, my home value is down but if I invest cash in other places I can offset the losses.
I'm happy your personal finances are in such good shape. The article is about the approx. $100 TRILLION deficit in entitlements program. Somehow I don't think buying the right stocks and driving less is going to fix that.
I'm happy your personal finances are in such good shape. The article is about the approx. $100 TRILLION deficit in entitlements program. Somehow I don't think buying the right stocks and driving less is going to fix that.