Bush's policy of counterfeiting money to raise government funds is leading to the same inflation that is...

Question

destroying Zimbabwe, as its corrupt President Mugabe, who is currently trying the same trick, is finding out.

Who does bush think he's kidding? Did he think he could hide it by discontinuing the reporting of the M3 money supply in 2006?

As people's life savings get inflated away by bush's latest dishonest tactic, would it have been better simply to raise those needed funds with a tax? In the end, wouldn't honestly taxing the people hit them in the pocketbook less hard than with the runaway inflation we're seeing today because of the massive sums of funny-money that bush has circulated to pay for his unrestrained spending? Or is proposing to raise taxes too difficult given the promises he's made, even though the alternative that he is pursuing is much more painful?

Answer 1

The is no counterfeiting of money. Also, if you didn't notice a decreasing dollar helps the economy. (A decreasing dollar reduces imports and increases domestic production. Japan routinely sells off its yen anytime the Yen/dollar ratio reduces their exports to America. China also devalues their currency by buying U.S. debt via U.S. treasury products).

Answer 2

One can also look to the USSR, they imploded because they over extended themselves. But have no fear little georgie is a "compassionate conservative" you know he would not do such a thing. Only those nasty liberals spend, spend, & tax, tax, and tax.

He is such a good christian ( lower case on purpose) that he would not hide the cost of his war from the American public either. He is so concerned about life he will not even expand embryonic cell research, but it is OK to waste over 4,000 American lives for a war for his "legacy". What a guy, what a guy. It's no wonder he is respected and loved where ever he goes. Sarcasm off.

Answer 3

The Fed is a private company and prints what and when it wants. They are like any lending company . You don't make money unless you are printing new money. It is how the the money is manipulated by the wealthy. They must have control. Interest is paid on every note in circulation. More in circulation , the more interest for the Fed.

Answer 4

The two US economic bubbles (stock market+real estate) have popped and the the only way now to may the economy look like it isn't going to self-destruct is to print more paper.

Answer 5

Sounds like when Germans were using wheel barrels full of cash to buy a loaf of bread.



He's probably been counterfeiting for years. That's why the economy is failing. Now he's begging the Arabs for a break.



Bush looks homeless.

Answer 6

last I checked the reserve is the only one in government printing money. Does Bush have a press in the basement of the white house we don't know about?

Answer 7

And you really believe that Bush alone is causing this? It seems to me Congress had a bigger part in this than he did!

Answer 8

Yes..

Printing unbacked money doesnt work well in the long run.. FDR did it and its what prolonged the depression.

Answer 9

This man is an embarassment to my party. I, Actor Ron Reagan, want to know what the hell has he done to my country?