I’m not an economics guru by any means, but I think I’ve realized the bad conundrum 0bamanomics have put us in.
1. Interest rates need to come up to make the dollar stronger;
2. Without higher interest rates, the USA will not be attractive to foreign investment;
3. Without the foreign investment, we will stay in recession longer. It might even get worse.
4. The government, though, cannot allow interest rates to rise because the debt service and the giant deficit caused by 0bamanomics becomes unsustainable;
5. So we are stuck with a weakening dollar, a weak economy, and a structural budget problem.
Thanks 0bama for that $1,400,000,000,000.00 deficit this year. Oh, I saw you wanted to reduce that figure for 2010. What, it’s going to go down to “only” $1,200,000,000,000? Great. Thanks for wrecking our country.
But that’s what you really wanted to do all along, isn’t it?