Saturday, April 6, 2013

Is Obama STUPID, Or What/

Lending money to people who were bad credit risks is what CAUSED the economic problems we have now. When those people couldn’t “pay up,” many lending institutions who made those bad loans at the DEMAND of the government “went under.” Now Obama wants them to do it again, and they should tell him to “stick it where the sun doesn’t shine.” Obama is the most recent INCOMPETENT politician to hold the office of president. Why do we (not me) keep electing these fools? If these incompetents keep getting elected, we’re going to “go down the tubes” with Europe, which did the same and is suffering the consequences. Obama’s incompetence is bigger than just this; his incompetence is BELIEVING collectivism (socialism) is the way to govern and that “Keynesian economics,” log discredited, is the economic theory to use. Keynesian Economics says you can SPEND your way to prosperity. What a FOOL NOTION! Yet Obama and WAY too many others believe it. He calls it “ensuring  sound lending practices,” but it is just the opposite: it will ensure another, DEEPER recession in the future. (Real Estate Bloggers)

1 comment:

Anonymous said...

"Keynesian Economics says you can SPEND your way to prosperity."

Yeah, like the population in Kenya have such a high standard of living that we should emulate them.