Why Obama Doesn’t Care About Debt - Inflation by Design?

Okay, class, how much is half of zero?

Zero. Correct.

Stick with me, here. What’s half of, say, $100,000?

$50,000. Correct.

Why is this important math, you ask? Because of what has been laughingly called "economic stimulus." If a market is flooded with dollars printed out of thin air, with no real assets to back them, we will have the same amount of goods and services as we always had, but more dollars competing for those goods and services. The natural result will be that it will take more dollars to buy the goods and services than it did before all of the dollars were printed. If a loaf of bread used to cost $3, and now it costs $6, that means your dollar is worth half of what it used to be worth. This is inflation. Under the current circumstances, I assert that it is inflation by design.

Back to our math lesson: The people Barack Obama purportedly cares most about have the least. Most have nothing. If he floods the United States with enough Monopoly money to pay for social services for the poor, they will suffer no ill consequences from inflation; in fact, they will only benefit from the free services (if you consider becoming hopelessly dependent on a welfare state a benefit).

But those of us who have struggled to accumulate anything at all, while still paying the taxes that have always disproportionately benefitted those who do not struggle to accumulate anything, will see those accumulations dwindle away. So, without officially taxing anyone, he has very effectively redistributed the wealth from those who have, to those who have not. While he would not openly admit it during the campaign, this was part of his radical plan. Joe the Plumber paid the price for revealing it to those of us who were paying attention. We will all eventually pay the price, now.

Don’t blame me, I voted for McCain/Palin.