In response to:

The Real Barack Obama

Bill110 Wrote: Oct 04, 2012 4:36 PM
About half the citizens of the U.S. think Obama is wonderful. Of the other half, most think he is just a mis-guided hippie. The truth is, he is evil. He is a master of deception. He has indeed "transformed America". Sodomy is now mainstreamed, the country is bankrupt, The Feds are running the presses printing fiat money, healthcare is nationalized, the SCOTUS is in his hands, he has destabilized he middle-east, spurned our allies and rewarded our enemies.
AZYaateeh Wrote: Oct 04, 2012 7:25 PM
You're not wrong on any point, but I think you're misusing the phrase "fiat money". We've been printing fiat money since Nixon; it just means we're not on commodity money (e.g. the gold standard, bimetallism, etc.). The term you want is "monetizing the debt"—the government trying to print more money as a method of paying for things, which does nothing but weaken the currency.

A recent poll shows that 85 percent of middle-class Americans believe they're worse off now than they were 10 years ago. Yet shockingly, just 34 percent of those people blame Barack Obama. More Americans blame Congress (62 percent), banks (54 percent), corporations (47 percent), former President George W. Bush (44 percent) and foreign competition (39 percent).

Why the disconnect?

These folks aren't entirely wrong. Congress did nothing about an out-of-control Fannie Mae and Freddie Mac for a decade, and allowed the Federal Reserve to inflate the currency all the while. Banks played along with the regulatory regime in...