When you flood the economy with Monopoly money how can you not come out of recession? How can mortgage rates NOT go back to 1950's levels? How can Americans NOT be inclined to spend like drunken sailors again? But we will pay later (and not that later, mind you) with massive inflation and a country that is owned by China.
Obama has been given the keys to our car for his first prom date, but in impressing the date with how fast the car can go he has headed straight for that giant oak tree on dead man's curve.
Buckle up folks, this is gonna hurt.
Chart via Washington Post
2 comments:
Interesting analogy. Seems spot on. That chart makes Bush look like a piker on the deficit side.
Most will tell you that the appalling deficit numbers are actually underestimated as the CBO is usually dominated by the party in control.
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