I don't disagree with a thing you said.
Let me add another area of concern, rising commodity costs. As gas, industrial materials and food keep going up and the weakening value of the dollar people and businesses will find it takes more dollars to buy the same amount. However, this inflation is not being off set by increased earnings, or wages. IOW, STAGFLATION!
The gross incompetence of Obama, Bernanke and Geitner has stuck us in a liquidity trap coupled with stagflation and it may take 10 years to get out of it.
I agree, and the fact that this is a known destination, and that wages not keeping up is a known fact, then we can only conclude that Obama & Crew WANTS Americans poorer. At first glance, one would think they’re expanding the welfare state, but actually they want to have a 2 class system:
the poor
the dictators of the poor
As I watch my life savings dwindle due to the devaluing of the dollar and the resultant inflation and watch our Congress react to the monetary crisis by cutting less than 1/10th of one percent of the deficit and then go out and brag about their accomplishments, I feel as if the nation is on a runaway train.
We have no leadership from the top. The president is out golfing and proposing additional programs to spend more money. We have decided Willy Nilly to enter into a war in North Africa and literally have spent more there than the alleged savings we are getting from the budget “compromise”.
Boehner is useless as a leader. He might be a nice guy, but we don’t need nice guys, we need ruthless tyrants to pound some sense into the Congressmen and Senators and get them to understand that the current fiscal nightmare is real and we are running downhill on the tracks at 100 mph with no brakes and there is a nasty curve ahead.
Frankly, I don’t think the Republic can be saved at this point. The train left the station without brakes and since Obama took office he has pushed the throttle to full and has no intention of letting go of the controls. Even if he did release the throttle, we are going downhill and we have no brakes.
At this point I think the only thing we will be able to do is for those of us who survive, to start all over again after the crash. But at this point, I don’t see how we can avoid the crash. Our “leaders” are just leading all of us over the cliff.
Have a nice weekend.