OBAMA IS TRYING TO REINFLATE THE BUBBLE

The Obama administration keeps refusing to do what is really necessary to end the economic tradgedy that has the name U.S. stamped all over it. Instead of biting the bullet and letting economic forces do their job; instead of letting weak companies and weak banks fail, the administration keeps trying to reinflated the burst credit bubble in the hopes the economy will recover before the economy collapses entirely. The administration is living on hope.

By continuing to prop up the banks, the administration is placing into effect a plan by which the banks are buying time, rather than restructuring their bad loans. If restructuring those loans cause a bank to fail, so be it. Let’s face it the banks are not lending, and companies with too much debt are not hiring. And Mr. average is afraid to spend or invest, and is hoping he won’t be next in the unemployment line.

The stimulus package is a huge failure and in particular it has failed to create jobs. And you cannot for one minute believe what the BLS (Bureau of Lying Statistics) is telling us about jobs. This group of profound liars create jobs that don’t exist and plunk them into the employment report.

The Democrats, Obama, and his gang of criminal appointees cannot blame George Bush for this. It belongs entirely to them now. The administrations failure to act sanely will bring down the Obama house of cards, but we will all pay through the nose for it.