The Fed's Operation Twist Plan Unnerves Investors - Barrons.com
What's really scary is that Obama keeps putting his economic foot in his mouth with almost every utterance; yet, these utterances sound logical to the economically ill-informed.
Thus, there won't be any economic rebound and the stagflation of the 1970s is likely to look halcyon to what Obama and his Keynesians are cooking up.
It may be that some actual pro-growth, anti-union, anti-government policies will emerge to slow and/or try to turn around the slide into the increasingly greater mismatch between what government takes in (and/or can take in) and what it spends.
But, there's no evidence to date of this happening. Both in Europe and the US, those who want aren't those producing enough to provide what they want - so, they have to take, print or borrow.
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