Have you been listening to Clinton? She keeps saying that she is going to do the same things that Bill and Obama have done to stimulate the economy. I have blogged in the past my views on this business of "stimulation the economy". It is one of the stupidest and most misrepresented concept that the economic community has ever come up with. Here is the blog.
What Obama with the help of Bush has done is expanded government without paying for it. None of the 4 free stuff that Obama has given out has been paid for. While he increased the government "take" from the economy, he has also borrowed 10 trillion dollars more. What did we get for the spending? An average of about 1% growth in the economy. That does not even keep up with illegal immigration and normal growth in the population. That is why when you do your comparison on the basis of the median family, they are "worse" off, but it is even worse.
Think about it this way. We started with a good credit rating just like any hard working family might have, but here is what Obama did. He went to the bank and borrowed 10 trillion dollars to be passed out to those who voted for him. What if some hard working family were to have done this and passed the money out to their friends and relatives? They would be very popular, but what if the hard working family wanted to do that same thing again? No bank would loan them the money! Interesting. It is the same thing with the government. You can only do the "stimulation" trick once or until you pay back the loan. Notice also that the friends and relatives of the hard working family took expensive vacations and purchased big homes and felt that they were "rich" when they really were poor. Isn't that what we are now looking at? We were not really near as well off during the 7 years of Obama as we thought.
Under Clinton or Trump, we are all going to have to face the music and admit that we are all a lot poorer than we thought. The bottom line is that Clinton can "not" do what Obama did because there is no more money in the savings account. Look around the world and you can see other countries who have done exactly what Obama has done and all have ended up flat broke and in a mess that many will never be able to dig their way out. It has been at least 60 years and Argentina has not dug out yet!!
PS---A note on Argentina. Remember Juan Peron, President of Argentina? He was followed by his "wife" as President. Some things just don't change!!
What Obama with the help of Bush has done is expanded government without paying for it. None of the 4 free stuff that Obama has given out has been paid for. While he increased the government "take" from the economy, he has also borrowed 10 trillion dollars more. What did we get for the spending? An average of about 1% growth in the economy. That does not even keep up with illegal immigration and normal growth in the population. That is why when you do your comparison on the basis of the median family, they are "worse" off, but it is even worse.
Think about it this way. We started with a good credit rating just like any hard working family might have, but here is what Obama did. He went to the bank and borrowed 10 trillion dollars to be passed out to those who voted for him. What if some hard working family were to have done this and passed the money out to their friends and relatives? They would be very popular, but what if the hard working family wanted to do that same thing again? No bank would loan them the money! Interesting. It is the same thing with the government. You can only do the "stimulation" trick once or until you pay back the loan. Notice also that the friends and relatives of the hard working family took expensive vacations and purchased big homes and felt that they were "rich" when they really were poor. Isn't that what we are now looking at? We were not really near as well off during the 7 years of Obama as we thought.
Under Clinton or Trump, we are all going to have to face the music and admit that we are all a lot poorer than we thought. The bottom line is that Clinton can "not" do what Obama did because there is no more money in the savings account. Look around the world and you can see other countries who have done exactly what Obama has done and all have ended up flat broke and in a mess that many will never be able to dig their way out. It has been at least 60 years and Argentina has not dug out yet!!
PS---A note on Argentina. Remember Juan Peron, President of Argentina? He was followed by his "wife" as President. Some things just don't change!!
