Saturday, July 11, 2009

Obama’s Jobless Safety Net Torn by Rebecca Alvarez



How ironic...

Obama is one of the most liberal presidents elected in the post WWII era yet he is doing far more to destroy social safety nets put in place during the Great Depression than any Republican.

It all stems from a lack of understanding of our monetary system.

This will ensure that future generations live at a lower standard of living than the current generation--the first time that has happened since the Depression. And it all could have been avoided!

Unless he starts to understand our monetary system or gets himself some new advisers who do, Obama is a one-term president.

Read article here.

2 comments:

googleheim said...

NOW THEY SAY WE NEED A 2ND STIMULUS

HOWEVER, SUPPOSEDLY $787 BILLION STIMULUS PART I HAS NOT BEEN PROCESSED AND DISTRIBUTED.

PLEASE EXPLAIN IF THE FIRST STIMULUS WAS FULLY DRAWN OUT OR NOT ?

Mike Norman said...

Looking at the Treasury statements it looks to me that only about $200 billion was spent so far. (Very rough calculation.)