The rise of Obama's communism

[unhappycamper]

http://atimes.com/atimes/Global_Economy/GECON-02-250214.html



The rise of Obama's communism
By Noureddine Krichene
Feb 25, '14

President Barack Obama has been far to the left among US presidents, perhaps the farthest. Although he inherited one of the wildest and financially anarchic economies caused by George W Bush's militarism and financial disorder, President Obama, a devoted leftist, has only made the situation worse.

Recklessly, he has kept ratcheting up US debt since 2009. Seeing the vanity of debt ceilings, the left-dominated Congress decided to lift any constraint on government debt so Obama can raise it to the skies. Likewise, the US Federal Reserve has been pushing private debt to the skies. Debt, then more debt to extinguish existing debt - and build prosperity.

The only lesson learned from the 2008 financial crisis is that no limit should exist for debt; the more debt is in default, the more debt should be issued. The Fed knows no Basle III rules or any regulation that should prevent disorderly growth of debt. This is in line with one of the oldest banking principles: debt is meant to be defaulted; debt brings prosperity, then there should be no restriction on it.

In the distant past, banks used to disappear following bankruptcies. Now, the Fed prints trillions of dollars to bail out bankrupt institutions. Hence, as long as there is no constraint on paper, there should be no constraint on debt.


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This article reads like a Limpballs/Beck rant with elements of reality occasionally tossed in.

[yeoman6987]

1. As I was telling my boss yesterday

The stupid conservatives and Republicans have NO idea what a real communist leader would be like. Let's just have one for a month and they will change their tune about President Obama. Suddenly they will LOVE President Obama. Conservatism has to be a mental decease.

[Jmm313]

2. Republicans are ignorant

The Republicans are so far right that they would call someone who is center-right a communist. The Republicans criticism of Pope Francis is a perfect view of how far right they have gone. Republicans were calling the Pope a Marxist because he came out against unregulated capitalism. Since when is wanting the economy regulated Marxist or even socialist?

Republicans are extremely unintelligent when it comes to economic systems and political ideologies. They only see one type of capitalism and that is "Laissez Faire." Any economic system that involves the government sticking it's hand into the economy is considered socialism or communism by Republicans but they are completely wrong. These morons should realize that capitalism comes in many different varieties and the govt. can be involved in the economy and it can still be capitalist.