We’ve heard that President Obama doesn’t understand the economy. What with his borrowing trillions, and the trillion dollars he printed right off the bat as soon as he got in office in 2008.
But all those trillions he has had printed and borrowed from other countries, namely China, have served to flood our economy with a lot of money. So, people ask, where is it?
Banks are sitting on it. Why are they doing this? I don’t know, but I do know the printed money is worthless. It’s nothing but paper. I am sure if you took the billionth $1,000 bill that was printed after Obama took office you could buy a thousand dollars worth of goods, but still there is nothing backing it.
So, what does Obama not understand? If you put all this money in an economy, flood the economy, it could cause some damage. I don’t know what kind or how much damage, but I know it ain’t good.
If you’re in a flood, you are liable to drown, and when you drown, you die. Could this not happen to the economy? I’ve likened it to the surge in Iraq. Overwhelm the enemy; this is a military tenet, and it works.
Maybe Obama does understand exactly what he is doing by overcoming the economy with so much money.
Jeffrey Lynn King
Parksville
