william the wie
Gold Member
- Nov 18, 2009
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You're preaching to the choir but I like the sermon.The economy is really tanking due to all of the pump priming crap.
Of course it is. But pump priming is what helped stock prices recover and increase at historic rates. So of course, as inflation has gone up 3% since last year, the majority of the private sector are hurting, particularly small to mid sized businesses who are seeing their costs go up and their savings being eaten away by this inflation. But this inflation is most certainly benefiting the Wall Street class, who have been making record returns the past couple of years. Obama and Bernanke are implementing the policy of Wall Street(as they were Obama's largest contributors in the last election) to the detriment of the little guy(and yes, even guys making six figures or who are little millionaires are small guys compared to the Wall Street rich). People may try to defend Obama by saying he isn't Bernanke, doesn't control the FED and therefor doesn't control the printing press. But Obama renominated him and ought to be held accountable for Bernanke's actions. They are justing priming a phony bubble economy.