Originally Posted by White trash wagon
The right winger nut huggers on here crack me up. Whenever any concern was raised during Bush's reign, those folks were wearing tin foil hats.
Listen to yourselves now... All these panicky posts about collapse of the US dollar, dissolution of the USA via seccession, becoming a police state, becoming a Socialist state, Obama taking away all weapons above a kitchen knife & we're ALL going to killed by a terrorist.
Sounds like some of you bought a truck load of Reynold's Wrap, and are busy folding piles of "tin foil hats".
I did not vote for Obama, I don't particularly like his politics. But it's not like the stock market was 14,000 on January 19th, then 7200 on January 20th.
Get a grip folks, we've had Democrat Presidents before....and lived through it.
We might have had Democratic presidents before, but what president have we had that's spit out this much money out of nowhere AND plans to throw out more?
I know you know enough to know that throwing all this money into an economy (in any way, but especially this way) will do nothing but delay the inevitable. This way we just create a shit load of debt and inflation to make the long crawl out of this hole even harder. This place was going to shit either way. The way this crisis was created (unjustified lending, over lending, and no accountability for defaulting on that lending); the only way out is through a brutal depression and rebuilding, not putting band-aids over everything, thus creating MORE DEBT.
The economy WILL collapse. All this is just going to make it harder to recover, IF it can at all. Once it happens, you will see a chain reaction. We're already seeing record lay-offs. Once people start running out of money by the masses, crime WILL increase. With record-high crime, the government will have to spend more money (a lot more money, IMO) to address the rise in crime. Oh wait, we've tripled our debt, our economy is wrecked and our dollar is worthless by this time. Who will lend to us?
If you can't see that as a worst-case-scenario, then you better work some rationale into your diet because it is coming. Maybe at different extremes than some think, but this chain of events WILL occur.