Town Square

Post a New Topic

Obama Take over of Economy

Original post made by David Dellinger on Apr 15, 2009

We know Obama is refusing the return of money from banks, so he can control them. We know Obama fired the CEO of Government Motors, but not the head of the UAW. He has taken over the State rules on unemployment and setting payment and length of payment in DC, not Sacramento. He has decided to allow money from the US to prop up his friend, Fidel Castro.

How bad is it? "Since Barack Obama took his oath of office around 11 weeks ago, he has proposed a $3.6 trillion budget, which will create a deficit this year of almost $1.8 trillion. This amounts to 12.3 percent of the GDP, up from 3.2 percent in 2008 and 1.2 percent in 2007."

The inflation this will cause, starting next year will be at least 12%, up for under 3%, last year. The cost of borrowing, consumer goods will go up, as more people lose their jobs and homes. In fact, he has a program, using tax dollars and newly printed money, to have government buy foreclosed homes, and own them

Obama is a socialist, socialism kills economies (ask Europe) and productivity and creativity (ask the Brits and French). Pass this post to your friends, let them know what Obama is doing to them, not for them.

This does not even consider his attempt to take over health care, to let government decide who gets treatment and medicine and who dies.


There are no comments yet. Please share yours below.

If you were a member and logged in you could track comments from this story.

Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

The dress code
By Jessica T | 21 comments | 1,865 views

September food and drink goings on
By Elena Kadvany | 0 comments | 1,239 views

. . . People will never forget how you made them feel.
By Chandrama Anderson | 0 comments | 1,233 views

College Freshmen: Avoiding the Pitfalls
By John Raftrey and Lori McCormick | 1 comment | 1,077 views

Council election, and then some.
By Stuart Soffer | 5 comments | 458 views