It seems the Most Inexperienced President Ever™ is having one or two problems with his first two months in office.
For all his articulateness and gift for oratory, this president seems to be spending his time in the Oval Office walking into walls. He has botched up more things in two months in office than most presidents manage over two terms, amply illustrating the campaign charge that his inexperience equipped him for next to nothing.I don't know about hyper inflation but, I'm (sadly) pretty confident we are in for a bout of inflation at rates above 10% a year.
I was particularly shocked at how he engaged in fear mongering as he won rush-job passage of a sloppily constructed, do-little stimulus package that reversed the welfare reforms widely considered the most important achievement of the Clinton years. Now he whistles an optimistic tune. Did he finally get it that the more you talk down the economy, the further down it goes?
The likelier truth is that, after fear did its designated job, he turned booster as a way of justifying what could be the biggest, most costly budget that has ever come our way. Given that we have tens of trillions of dollars of unfunded liabilities from Social Security and Medicare and will spend incredible amounts to lift the economy, a very real possibility with such a budget is hyperinflation destroying the savings of everyone.
A lot of folks are now claiming that the Obama in Office is not the Obama they voted for. Americans have elected an inexperienced, Chicago machine politician with a lot of crooked pals, to the Presidency based on vague promises of hope and change. Well a lot of us saw this coming and tried to warn the rest of you. Three Years 10 months and 1 day to go. About 46 more months. How much worse can it get? Unfortunately we have 46 more months to find out.
Cross Posted at Classical Values