Obama might be the dumbest president we have ever had.

[TheRealMafoo]

Final-Fan said:

TheRealMafoo said:
Now in that video, he is concerned about what printing money out of thin air does to our economy, and that the way we are going, the Feds will just print more... Look at how much the feds have printed

http://research.stlouisfed.org/fred2/series/AMBNS

Soon, that's going to screw us all. Why would we want to keep doing this?

Very disturbing, but it looks like it peaked before Obama was in and has since scaled back.  We'll see what happens later. 

 

It has not gone down, just grew at a slower rate. Look at it in bar graph, should show a better picture.

This is the problem with the current spending. If you look at that graph through the great depression, we didn't print more money to fix the problem, we just collected more taxes and spent it.

There are no more dollars to collect with taxes (not at the level they want to spend), so the only way to spend like we did in the past, is to dilute the money. This is never a good way to get yourself out of a money problem.

The worst of this is yet to come, and it's not from the housing bubble. It's from what the US Government has been doing over the last 6-8 months.

It's the stupid shit Bush did, and the stupid shit Obama is doing. Trying to fix the problem the way they are doing it, is making the problem worse.