southwind
Veteran
- Jan 22, 2008
- 7,709
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Dude really? While I like some of Paul's attributes, do you have to include him in every one of your post, like he can do no wrong?SparrowHawk said:People tend to throw all of the blame at the sitting President. On issues of Foreign policy it is the sitting President's fault.
You can also fault a sitting Presidents economic policy where appropriate. Areas such as budget and tax rates come to mind.
BUT, to single out any sitting President for the price of a specific commodity Is a bit much. WHY? well if there is an upheaval in a commodity market more than just the price of the specific commodity will be affected. It will "Trickle Down" throughout the economy.
What you can blame on a President is a money policy that cedes control to unelected central bankers and their ability to take a fiat currency for their own goals. This is the primary reason for the stock market growth. It's using the Fed to pump money into stocks to create a rosier picture of the overall economy. Just as the creation of millions of part time jobs lowers the unemployment rate.
Where the house of cards falls apart is in income growth. Right now literally the rich get richer and the poor get poorer.
Obama and every sitting President post Nixon had the opportunity to end this glorified Ponzi Scheme by simply auditing the Federal Reserve. Based on what I've read I think it is entirely possible that the Republic would not survive the publishing of a full audit. I firmly believe that if an audit were conducted and published that we would have a second civil war. How violent it would be is of course open for discussion. Same would happen if the currency collapses. Ron Paul is a bit more pessimistic than I on this but it could happen..