Wednesday, February 9, 2011

Ben Bernanke & President Obama Have It All Wrong

Ben Bernanke, the Federal Reserve Chairman is printing money to buy Treasury Bonds to fund massive trillion dollar deficits. In fact, Bernanke plans to buy another $600 Billion in Treasury Bonds. This is happening for a two reasons. First, there are not enough private investors willing to buy bonds, which is sign that the markets see the US National Debt at $14 Trillion and growing as dangerous. Second, Bernanke knows that Republican control of the House of Representatives means that the days of Congressional spending like drunken sailors is over. So, Bernanke is attempting to pump more money into the economy to stimulate job creation.

The problem is that this Keynesian economic approach has not worked. Clearly, if Keynesian economics was effective, Socialist President Obama's SwindleUS Plans and trillions in deficit spending, that is bankrupting our country, would have resulted in job creation by now. Cards talk and numbers don't lie. Since we have not seen meaningful job creation from Obama's Socialist Schemes, we can conclude conclusively that government intervention to prime the pump does not work because at the same time Obama has imposed new regulations on the private sector, which are pushing more jobs overseas.

All Ben Bernanke is doing by printing money is causing inflation as the dollar becomes worth less. Bernanke claims inflation is not a problem. Oh really!! Has Bernanke bought gas lately, or been to a grocery store? Since Bernanke is undoubtedly driven around in a government paid car by a chauffeur, Bernanke may not realize that in many parts of the country gas is approaching $4 a gallon. And, we can assume Bernanke hasn't been to a grocery store lately either. The price of food is skyrocketing. Yes, it is true that mortgage interest rates are low and home prices are still falling; but buying a house is not an everyday purchase. Buying gas, milk and bread is an everyday purchase. Since Bernanke is destroying the dollar by printing money, Americans must use more disposable income to buy the basics and as such for many families there is little left for other discretionary purchases; hence the reason we are not seeing job growth in our country.

Ben Bernanke claims it will take years for our country to achieve economic recovery. That is the case because the dynamic duo of President Obama and Federal Reserve Chairman Ben Bernanke have it all wrong. Their policies are all based on big government, Keynesian economics, which has failed all over the world. To create the 300,000 - 500,ooo jobs a month needed to bring down unemployment, Obama needs to cut taxes and eliminate regulations and just allow the free market to work. In other words, Obama and Bernanke need to get out of the way and end command economics that have never produced prosperity any where in the world.

And, we need a 50 year energy plan that reduces the cost of energy rather than Obama's plan to increase the cost of energy. Since Obama never learned the lessons of history or Economics 101, the United States will continue to have high unemployment and slow growth as long as Obama is President. Obama just does not get any of this, which is the reason must make him a one term President.

The elections of 2012 and 2014 are critical. To achieve economic growth and job creation once again, we must sweep these Socialists, including Obama, out of office by electing Conservatives that support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, real education, energy and health care reform, a strong national defense, including securing our border and fighting Terrorism, the right to bear arms, the sanctity of life and family values that are the foundation of our nation. This is the platform supported by the majority of the American people and the only way to restore economic growth and jobs in our country.

Most important, we must elect Conservatives who will adhere to the Constitution, as written by our Founding Fathers, not as contrived by the left wing media, Socialists in the last 98 years, our current or former Presidents, Congresses, or the Courts. Clearly, we must take back our country in 2012 and 2014. We can do it. We must do it to preserve our freedom, our nation and way of life for the sake of our children and grandchildren.

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