Originally Posted by
andy171773
Obama is just echoing FDR..who said "we have nothing to fear, but fear itself"...if you're going to fault him for that, then i guess you probably think this is all his fault too?
As you said.."he's just trying to keep people from freaking out"
In some respects it is his fault. All he is doing is echoing the bad fiscal policy of the US from the last 40 years. At least he is being honest with how bad the situation actually is, I'll give him credit for that.
All these stimulus bills are a load of Bull. When you inject 2 Trillion dollars into the economy (Money fresh off the printing press) you did'nt create any value, you just inflated the currency. They are basically giving out money that isnt worth anything, its DEVALUED.
Which brings me to another point... the US is BROKE. NO MONEY, ZIP! And with all thats going on in the market, foreign investors are running away from Wall Street and this Fiat monetary system. I'd get ready for hyperinflation and a collapsed dollar.