Thursday, July 10, 2008

Obama Flunks Econ 101

When a presidential candidate states he is going to correct the economy, we are in serious TROUBLE. The economy is how we use our scarce resources to satisfy our needs and wants. In every economy since the Fall of Man, there are two problems: unemployment and inflation.

If Obama was referring to an economic crisis or sluggish economy, then the issues lie within those two problems. We've heard his views on the inflationary rising gas prices at the pump, "I'm just disappointed it happened so fast." Wait a minute, did Obama just endorse high gas prices?

If that remark startles you, wait till you hear what he wants to do with labor laws and the labor department. He wants more BIG GOVERNMENT. Hey, the BIG GOVERNMENT we already have CANNOT FUNCTION properly. The last thing we need is more government. Read for yourself why Fortune magazine economic writers are starting to scratch their heads. Obama Flunks

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