Sunday, November 22, 2009

Obama's economic policies are turning into a global disaster

Gerard Jackson (article link)
Monday 23 November 2009

A country can no more devalue its way to prosperity then it can spend its way into solvency. The combined effect of Obama's economic policies will be lower real wages, which means a lower standard of living for Americans. But look on the bright side: Buffett will still be fabulously rich as will be all those super rich Hollywood Democrats. For them the American Dream will continue

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