Remember back when we were arguing about raising the debt ceiling?
And the fact was, we had already passed the real debt ceiling, the one where no one is willing to buy your debt anymore. Still, they just blew right on by it and never slowed down.
By continuing to print money to buy the debt, the Fed delays the crash. If we continue to print money, the crash is coming good and hard. If we stop printing money, the crash comes good and hard and now. So Obama has set it up so that who ever tries to solve the problem will be blamed for the problem.
Thats the problem Romney faces. If he stops the printing presses the crash comes and he gets blamed. If he doesn’t stop them he is accused of continuing O’s policies (and the problem gets worse). In fact, he needs to stop them, but he needs to get the economy opened back up quickly to compensate for the loss of artificial liquidity. Like, move hard for energy independence so that the half-trillion a year we send out of the country gets spent here putting people to work here.
I'm sure the greenie lawyers are ready and waiting with a full quiver of bogus claims, just to tie it up long enough to take it down unless Romney shows a serious spine.
“energy independence”
I agree. The new energy equation is a game changer and maybe the only way out of the trap. Perhaps Romney sees it the same way and is why energy is #1 in his 5 point plan for recovery.
“energy independence”
I agree. The new energy equation is a game changer and maybe the only way out of the trap. Perhaps Romney sees it the same way and is why energy is #1 in his 5 point plan for recovery.