Wasting Time With Alex

Why is anyone surprised?

With the massive borrow and spend policy embraced by the current administration and Congress, why is anyone surprised that those in the know predict massive inflationary woes? I certainly am not. It is economics 101. You can not spend, and certainly not while borrowing trillions of dollars which double your total debt in but a few short years, the kind of money that government is doing now, on things that shore up government’s power and helps democrats get elected of all things, and not expect trouble down the line.

NEW YORK (Reuters) - An author who saw the global financial crisis coming fears the next bubble will come in the form of inflation and has little confidence U.S. President Barack Obama’s team is up to the challenge ahead. “The Democrats have replaced the Republicans as the big benefactors to the financial community,” said Kevin Phillips, author of “Bad Money: Reckless Finance, Failed Politics, and the Global Crisis of American Capitalism.” “The financial community is donating more to Democrats than ever before and you’ve got more Democrats in the financial community, creating a very powerful pattern there. I don’t think you’re going to see the Obama administration and Congress willing to be tough enough in dealing with these things,” he told Reuters. Phillips, a former strategist in the Nixon White House who has turned highly critical of the Republicans and voted for Obama in 2008, published “Bad Money,” his 13th book, a year ago.

This guy pointing out that we are screwed because of the coming inflation is also a Obama supporter, BTW, and basically points out the obvious: democrats who won the 2008 elections by creating an economic crisis and pretending they could solve it, because they lied that where not in bed with the evil capitalists like the republicans, have out eviled republicans. Not going to hear that from the MSM or the kool-aid brigade. I have always known that the really rich and powerful are not republicans but democrats. Democrats are much more willing and able to steer government largesse and power in return for favors with cover from a complicit media. Don’t take my word for it. Look at how rich democrats making big money are treated.  Inflation is going to make sure there is no economic recovery. Especially when these people are putting our private industry in the hands of government. A task made easy by the fact so many Americans are misinformed about capitalism.