Yes, I have to agree 100%. I don't want to pick a fight with Professional because I think much of what he says is legitimate. But, Obama is not going to turn this around - even if he wants too, and I think that's probably debatable.
We are going to see such inflation because of our "magical" monetary supply, it may be unprecedented for a stable western democracy. Then, what's China going to do when they see their American nest-egg fall off the cliff?
Things are bad and are only going to get worse and it is completely out of Obama hands so long as he continues to spend like a drunken sailor the night before the ship's due to pull out of port.
Listen, we're not even a 100 days in, and he's already spent $1.3 trillion - hasn't touched health care, hasn't touched education, hasn't touched the "poor". And, he's already promised the largest tax increase in AMERICAN HISTORY while the country is staring down the biggest recession of the last 69 years. The country is in a flat spin with a rookie pilot.
May I ask you. What is it inflation inflates?
Don’t forget cap and trade that will add hundred’s of billions of taxes on Americans.