Sunday, October 18, 2009

OBAMA: INFLATING MONEY…DEFLATING SENIORS’ BANK ACCOUNTS

If being President doesn’t workout for Barrack Obama, surely he could pick up a job as an illusionist because he is so good at making things disappear. From Obama’s Election last November, the US has lost approximately 3,600,000 jobs (and we will lose even more if Obamacare and Cap and Trade passes). The value of the dollar has decreased by 10%, tax revenue is down, military and CIA funding has been cut, and Gitmo is in the process of closing. Obama even intends to cut Medicare by $500 Billion in order to fund his healthcare plan.

However, instead of the yearly cost of living adjustments (pegged to inflation), for Social Security recipients, the most recent slight of hand by President Obama will be to offer senior citizens on Social Security $250 in-time for the 2010 mid-term Congressional Elections (otherwise the Democrats will lose a record number of seats). This is politically crafty because Obama’s poll numbers are falling with Senior Citizens due to their opposition to his proposed Healthcare Reform Plan. But, it is Obama’s reckless agenda, TRIPLING the National Debt over last year, and printing money that will be the cause of inflation. Although, if Obama continues to advise the Federal Reserve to print money at this pace, $250 won’t be nearly enough to adjust for Obama’s costly policies and coming inflation for senior citizens in financial need.

But, to be fair to President Obama, some things have gone up, i.e. Irresponsible Government spending, taxes, the National Debt, unemployment, foreclosures, terrorists’ “Rights,” energy costs, Part D of Medicare, unjustified bailouts to undeserving car companies and banks, number of tested nuclear weapons in North Korea, etc.

YES WE CAN…VOTE BETTER in 2010 and 2012!

TFR1776@blogspot.com
http://www.tfr1776.com/
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