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Barackonomics: Debt is good!
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Last night Barack Obama continued his Chicken Little routine, warning that if Americans don't let him stimulate the printing presses -- and quick! -- we the people will be responsible for economic catastrophe.
Seriously, here's what went down:
He said the recession has left the nation so weak that only the federal government can "jolt our economy back to life." And he declared that failure to act swiftly and boldly "could turn a crisis into a catastrophe."
Roll that around in your head for a couple seconds. Only the federal government can bring an economy back to life (even though it's the feds who've killed it). Only a gang of thieves called politicians is capable of ensuring economic prosperity. Not millions upon millions of people who benefit mutually and actually create wealth when engaging in voluntary trade. Not a free market capable of adjusting prices based on supply and demand. Just robber barons in the nation's capital.
And oh by the way, if we "fail" to let these clowns do as they please, we're to blame for the misery. Because as everyone knows, the only way to get out of debt is to continue to incur more and more!
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