Monday, March 22, 2010
The battle can be won
Since September 10 2008 to March 10 2010, 18 months, in order to keep up with the spending of this administration. Bernanke has broadened the monetary base of U.S. currency from 850 billion dollars to 2.1 trillion dollars. That is 2.5 times as much cash floating around out there. That means that every dollar you had in the bank in September of 2008 is now worth $0.40. The health care bill passed Sunday, if the benefits started right away it would require enough capital that the presses would have to fire up again to print the 90 Billion dollar price tag. That means in ten years time the cash floating around out there by double what was there is 2008. Thats not counting the 2.5 times already out the door. We are talking at least 3 trillion dollars instead of the 850 billion when it started in 08. Now your $1.00 will be worth about $0.25 give or take a penny. This was what they were doing in Germany in the 30s when Hitler started all his social programs. They had a 500,000 Mark note that in 1921 would buy a new house, by 1937 it would not even buy a loaf of bread. Bernanke made the statement, we will never run out of money, we can just print more. Everytime the presses roll, you dollar becomes less valuable. Is this the democrats fault, yes to some degree, is it the republicans fault, yes to some degree. But the main fault lies with us, the citizens, we have failed to pay attention and failed to hold our congress and president accountable. Here and there a good man or two would come along, (good women too) but we let the bad ones keep running because they brought pork barrel packages home. Guess what? The money in those pork barrel deals was yours to start with. The government does not own anything, they can not give you anything with out taking it from you first. When the government pays for it, you pay for it, but you don't even get to select what color it will be. Now I know before I write this, there are going to be many naysayers out there in blog land. That is ok, here is the deal. I hear GWB blamed for getting us into a war we did not need to be in, there is some truth to that. If Bush 1 had not listened to the U.N and finished what he started, we would not have had to go back. However, this drive-by media hype that there were no WMDs in Iraq is Bull$$#*. I have a family member who was there before we went back the second time, he found chemical WMDs that nearly killed him. They were never disclosed as the administration was trying to discover who had manufactured them, what country sold them to Iraq. I admit Rumsfeld was a bad choice to lead this war, but it is a difficult thing to wage war without collateral damage. (killing innocent civilians) Especially hard when the enemy embeds itself among them and does not wear uniforms. That is why when they went in so fast they by-passed many units the units went to civilian clothing and came in from the rear causing casualties that could have been avoided. Point being they had WMDs, they could be easily delivered to our population centers. They, the Islam leaders including Iraq's president were intent on killing us. As they still are. Jihad has been planned for several hundred years, this is not something that just came up in recent years because we supposedly have been mistreating these people as some would have you believe. King Richard of England, (during the time frame we read of Robin Hood) was off at the Crusades. Where the crusades were and who they were against was Muslims in the Middle East. Remember also no administration with a democrat controlled congress has ever balanced the budget. Clinton had a republican congress. Does that make republicans better? No, that means when the executive branch and the legislative branch are of different parties all they do is argue and nothing gets done in Washington. And that my friends is when the American people win.