Wednesday, November 25, 2009

Obama transfoming the nation

Well, we were all told he was going to be a transformative president, but this was not what I had in mind:

Obama Shatters Spending Record for First-Year Presidents


Do you think he ever wonders what effects this kind of spending will have on the economy? He is hopeful, and things are changing. But what will all that debt and interest burden do to economic stability? And if he is partially paying for the programs with money freshly minted, what kind of inflationary pressure will that be?

I'm finding it hard to be hopeful.

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