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Obama Take over of Economy

Original post made by David Dellinger, Menlo Park: Belle Haven, 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.


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