November 20, 2008

Obama on 60 Minutes

I caught part of Obama’s recent 60 minute interview. It did feel refreshing to hear somebody that seems smart running our country for a change. I was glad to hear that he had been reading on Lincoln. Let’s hope he doesn’t skip the part where Lincoln refused to borrow from European central banks to finance the civil war. Lincoln followed the Constitution, and used the power it gave the government to print its own money (greenbacks), interest free. If Obama wants real change, he should change our monetary system by not relying on the federal reserve as the provider of our debt based dollar.

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Issues from his interview I did not agree with:
Obama supported the $700 billion TARP bailout. It was touted as the solution to our economic and financial problems. Seen the stock market recently?
Obama wants to bailout the American auto industry. Why are we rewarding companies that make autos nobody wants and provide private jets for panhandling corporate executives?
Obama said that we shouldn’t worry about the deficit. In other words, let’s just keep adding to the national debt.
Obama wants another stimulus package. That last one worked so well, let’s just print more money and/or borrow more to add to that national debt. Inflation? What’s that?