Contributed by: filbert Tuesday, March 03 2009 @ 10:14 PM CST
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| Borrowings (debt) of the Federal Reserve, to 2007 |
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| Borrowings (debt) of the Federal Reserve, to 2008 |
Notice that the spike on the 2007 chart doesn’t even register on the 2008 chart. This Is Not Good.
The phrase “mouth writing checks the bank account can’t cover” comes to mind. This is the Obama plan: spend the nation into bankruptcy, and then buy up the bargains, with government, of course, as the holder of all of the strings.
Welcome to the Socialist Workers Paradise. We know from bitter historical experience how well that works out. If you need a refresher, schedule a trip to Cuba.
We won’t recover from Obama’s Presidency for at least a century. If we’re lucky.
How’s that for Hope and Change? You Hoped for the better. You got Change for the worse. I hope you morons who voted for Obama are happy. (My actual opinion of Obama voters is much worse than “moron,” by the way.)
(Not that McCain was much better, but he–I think–knew better than to drive the economy completely off of the cliff it was clinging onto.)
Hat tip: Directorblue[*1]