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Tuesday, February 17, 2009

Obama Signs - DOW Falls

Obama signs the bill that will, generally speeking, effect the economics of my grandchildren and what happens on the stock market? The DOW drops something like 300 points. History has shown that government spending does nothing but increase the national debt followed by high inflation. Some "expert" said that government spending $1 has the same effect as cutting taxes $1.70. Or at least I think that's what he said. I think he has conveniently forgotten that government spending $1 costs maybe $1.50 stolen from me. The extra $.50 is because of the government inefficiency.

Never mind this is another step toward total socialism, or is it communism. Most European countries have socialist democracies and they're having tougher economic times then we are. They've lived with 50+% taxation and double digit unemployment for years, I wonder how high it is now. They have an exctremely high percentage of people that can't afford homes or cars. Is that where the "change" is leading us?

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