Price jump worst since '91 on record gas, higher food - Jul. 16, 2008
The Democrats roared back into Congress in '06 promising "change", and BO is on the stump pushing it now. One of the Democrats favorite pieces of "change" is called INFLATION, and they love it for many reasons:
ah yes, "change".
The Democrats roared back into Congress in '06 promising "change", and BO is on the stump pushing it now. One of the Democrats favorite pieces of "change" is called INFLATION, and they love it for many reasons:
- It devalues savings, and Democrats HATE savings. Savings indicate personal responsibility and can end up being invested, which causes people to believe in the market economy, which Democrats REALLY hate.
- It increases dependency on government - savings, pensions, dividends, etc are devalued and only things that are "cost of living indexed" supposedly "keep up". Since only the government can hope to "keep up" when chasing it's own tail, government programs SEEM like a "good deal". Naturally, the downside is that they are like throwing gasoline on a roaring fire since the rising programs fuel more inflation and keep the cycle growing.
- It allows the government to pay back it's expensive debt with cheaper money.
- It allows them to present non-inflation adjusted figures for income, education, tax revenues, etc against figures from a Republican era (lower inflation) and act like "things are better". When the MSM loves you, that tends to work to convince the sheep for a good long while.
- Providing they can get the indexing that Reagan did removed (likely a first 100 days BO deal), at least over some income level), it gives them "autopilot tax increases" and people creep up the brackets.
ah yes, "change".
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