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To: Reagan Man

That’s true. Two questions:
Didn’t Argentina go through something similar? And won’t it affect the dollar?


26 posted on 02/10/2009 9:23:21 AM PST by khnyny ("The demagogue is one who preaches doctrines he knows to be untrue to men he knows to be idiots.")
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To: khnyny
IIRC, Argentina’s government raised spending and taxes in a massive transfer of wealth. Totally undermining the economy and throwing millions of families into poverty.

Obama hasn't called for tax increases, yet. Just wait.

If inflation rears its ugly head like it did in the 1970`s through the early 1980’s, it will decimate the US economy for years. Obama’s plan is taking an economic downturn and serious credit crunch, and turning it into a full fledged economic nightmare.

39 posted on 02/10/2009 9:52:12 AM PST by Reagan Man ("In this present crisis, government is not the solution to our problem; government is the problem.")
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