"...it will take a long time to digest the new mountain of debt."

Maybe so, Simon, but it will take me an even longer time to understand how everything seemed "fine" until six to eight weeks before we elected an apparent, untested "charismatic"... from Chicago, no less. Oh I suppose he might have been from NY, Calif., or maybe even Massachusetts. But NO! From the friggin' heartland of America. And BLACK, sorta, except that he was half white and Asian too!

I LOVE magical thinking, even more than most, I suspect. I grew up on the Grimm Brothers, and quite enjoyed all the lessons learned. But now? I am pissed. ANGRY!

Whoever the hell thinks they are leading me, sure as shooting, better the hell have something up their sleeve that looks like it could save our friggin' nation from do-gooder bureaucrats or third world despots.

That debt you spoke of? Not MY debt, except as my government makes it so. That pancultural, charismatic leader you gave me? Whisper in his ear so that he understands not to kill the golden geese who do not have wmd at his temple. In fact, we just want to create value, without it ALL being taken away.

I have to believe that things are not THIS fragile. I know at least that EYE am not.

FUCK YOU! I liked my softer side. Dancing will never be the same.

ONE, TWO, THREE....ONE, TWO, THREE

Yeah, I got your beat. Doesn't mean I have to like it.

I forgot to leave my name up above.

Please connect THAT with THIS.

I see we have a bad case of Obama Derangement Syndrome. And it appears to be an Obama supporter. Will wonders never cease?

Well let me see if I can explain it. Continuing with a bad policy is not what I would expect from Smartest President Ever™.

You don't spend your way out of a recession, you produce your way out.

And you know I think I complained about the Republican spending fools more than once pre and post 2006 and 2008 elections. You can look it up. And bad as the Republicans were it appears that the Democrats are worse.

And I'm still predicting stagflation and I still believe the only way out is supply side economics.

Now if the Smartest President Ever™ gets a clue I promise to applaud him to the heavens. And then carry on against him on my next policy disagreement.

Why hasn't Polywell Fusion been funded by the Obama administration?
IEC Fusion Technology (Polywell Fusion) Explained

Apparently "wonders" never cease, and right this minute you are looking just like one of them. Obama supporter? Heck no, just holding up your jock strap, honey.

Now when I tie that around your neck just a tad too tight...and then you continue to jawbone about me being an OHHH supporter. Well then, maybe, just maybe, you will understand that you should have gone commando. One less thing between me, you and that O.

Kapish?

In the meantime...may I suggest that you reREAD my entry?

one, two, three, one, two, three

So does this mean I ought to buy that new TV now, before Obama trips a trade war AND massive devaluing of the dollar?

My dearest Penny,

1. I complained about the Rs frequently.
2. I've been going commando since well before it was popular.

BTW my estimate of the last election was McCain was very bad and Obama was so much worse.

You may have noticed this bumper sticker in the campaign:

http://i155.photobucket.com/albums/s307/MSimon6808/fuck-it-mccain-08.jpg

brian,

They will be cheap enough used when people need to decide between a big screen and keeping warm.

The problem with your supply side economics, and with the Friedman school of monetarism, is that the government is dictating economic decisions instead of the marketplace.
Does it make a whit of difference whether the money is directed to production or consumption?
It sounds awfully close to fascism when the state pumps money into favored industries. And plain welfare statism when it goes to consumers.

Before the money can be given away by the state, it must be either taxed, borrowed, or more likely now, created out of thin air.
If it's taxed, it will reduce the individuals choice of where to spend, or save, his money, giving that decision to others. If it's borrowed, it will have to come from those in other countries who have saved it, like the Japanese or Chinese, or state entities elsewhere with large dollar reserves, like the Arabs, since this country saves practically nothing.
And if it's created out of thin air by the Fed, it will dilute all the dollars currently in existence, thus creating the massive runaway inflation to which you allude.

Whether it's fusion, oil shale, clean coal, the various "green" projects, if the government funds them through money creation, they are stealing to give to others through the dishonesty of inflation.

The Fed under Greenspan has given us two credit bubbles, the last one practically destroying the world economy.
And so having almost succeeded, they now want to finish it with trillions more credit.
A small town grocer with a high school diploma has more economic sense that Geithner, Summers, & Friedman combined.

Anon.,

You may have missed it but I was suggesting it get directed to business through business tax cuts. The most profitable get the most money.

Actually, M.Simon, under fractional reserve banking, when you borrow money, it is also created out of thin air.

The trick goes like this:

1) there is $100 in the bank, owned by me

2) the bank can lend $90 of it out

3) you come to the bank, create an account and lend $90 that will be created out of thin air and deposited on your account

4) now the bank records show that there is $190 dollars of money on the accounts of the bank