Obamanomics – They Don’t Get It!

Yesterday the Federal Reserve reported that Americans had reduced their borrowing month over month by 3.5%, while at the same time increasing their savings.  This, of course, in response to the fiscal maelstrom swirling around us and its resultant recession.

All of which raises a question in my mind:  How is it that ordinary folks like you and me can figure out the proper response to the situation we are in, but all the PHDs, MBAs, and assorted other economic dream team members in Obama’s D.C. insist on spending like there’s no tomorrow?

But there will be a tomorrow, lots of them, and not only will you and I pay the price of this Government-as-the-Answer-to-Everything insanity in Obamaland through much higher taxes and greatly reduced economic growth (and jobs), but so will our children and our grandchildren…who by then may be paying rent to the Chinese Communists.

Leave a comment

Filed under Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s