Obama's Cage aux Folles, Hope-a-Dope Economic Plan

Since the first homosexual economist invented deficit spending of the assets of the rich to stimulate an economy-John Maynard Keynes following the First World War that practice has been a popular method of last resort in the West. Adolph Hitler, Ronald Reagan, George W. Bush and Barrack Obama have all followed that line. It is effective only as a short-term strategy though, and the President's plan to charge government ops to 21 trillion dollars if re-elected seems bad.

Federal Reserve buying up Federal bonds simply runs the printing press. That can lead to inflation or a dumping of dollars in exchange for the Yuan or Yen-even the Euro as a last resort. At some point it would be necessary to raise taxes to pay down the debt concurrent with austerity measures.

Obama economic planners seem to use old style classical economic premises in a post-modern new world order of global financial redistribution from nations to collective corporate private interests.  The President had the opportunity to let the Bush II tax cuts expire in 2010 and rebuild a better tax structure for the time from the ground up and demurred to be a cheerleader for their renewal when the chips were down.

The European Central Bank has about 900 billion dollars in deposits made by European banks. It pays no interest yet is a safe place for large banks to keep their cash. It does lend to banks in Europe at low rates. There is very little inter-bank direct lending as in the U.S.A. These banks and their funds managers are speculators with super-computers waiting to snap up anything profitable that moves. U.S. Government economic managers need to take into account the new world order of global bank skimming in provisioning for an American economy beyond food stamps and fruit loops.

In some portraits of the logical economic future of the new world financial order planetary wealth is concentrated in networks of corporate investors that move away from the renter class with a Fibbonacci progression prowess.  Global corporate networks merge as a planetary Kudzu species overrunning non-corporate private investment. Capitalism is then effectively dead.

A reformation of capitalism limiting the growth of networks of banks and business and promoting small and medium size business through taxation would redistribute enterprise opportunity to the creative and un-co-opted remnants of free enterprisers not free-riding corporate share-holding power in a planetary collective as oppressive as anything as the aristocracy of the 18th century Adam Smith sought liberation from.