USA Pres. Policies - a recipe for ...stagflation and currency devaluation.
Conrad Black: Incompetent Obama teeters on the edge
Posted: January 22, 2010, 11:00 AM by National Post Editor
from www.Bourque.com Jan 22/10
snip...
Current economic projections call for massive debt increases of $1 trillion a year for a decade, with huge money supply increases that will make history not only by their size but, according to forecasts, by their non-inflationary nature, accompanied by tax increases that will, also miraculously, not retard recovery from the recession. No audible sane person believes this arithmetical fairy tale, including, one dares to hope, the president himself. It is a recipe for guaranteed stagflation and currency devaluation.
...snip
Read more: http://network.nationalpost.com/np/blogs/fullcomment/archive/2010/01/22/conrad-black-the-lessons-of-massachusetts.aspx#ixzz0dNdwbcr0 The National Post is now on Facebook. Join our fan community today.
Posted: January 22, 2010, 11:00 AM by National Post Editor
from www.Bourque.com Jan 22/10
snip...
Current economic projections call for massive debt increases of $1 trillion a year for a decade, with huge money supply increases that will make history not only by their size but, according to forecasts, by their non-inflationary nature, accompanied by tax increases that will, also miraculously, not retard recovery from the recession. No audible sane person believes this arithmetical fairy tale, including, one dares to hope, the president himself. It is a recipe for guaranteed stagflation and currency devaluation.
...snip
Read more: http://network.nationalpost.com/np/blogs/fullcomment/archive/2010/01/22/conrad-black-the-lessons-of-massachusetts.aspx#ixzz0dNdwbcr0 The National Post is now on Facebook. Join our fan community today.
posted by Ed E. Trebor at
4:52 p.m.
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