Do people understand what Obama did when he monetized the debt?

The Fed is planning to print $1 Trillion dollars. The immediate result was a jump in oil and commodities. The new congress coming in will face an even worse situation. Are people dumb enough to think that the massive economic problems brought on by Obama are the fault of the incomming GOP?Do people understand what Obama did when he monetized the debt?I thought that number was $600 Billion... but yeah you're right about that, oil and other commodity prices will shoot up, and especially anything requiring fuel to transport around will rise all the more.



But make no mistake about it, the GOP will be blamed when the 2011 economy goes straight to hell. The stimulus's sedative spending will wear off, and the economic pain that it was masking will return and everyone will realize the economy is still bloody and broken %26amp; with worse problems from Obama and Bernanke's witch doctor remedies for it... but the people at large will only see the symptoms returning coinciding with GOP taking over the house, so will conclude it must be their fault.Do people understand what Obama did when he monetized the debt?
The economy was headed off the cliff well before Obama took office. No one with any intelligence can blame Obama or Bush for the economy. The economy moves in cycles and some are worse than others. Obama does not control the Federal Reserve. Bernanke is head of an independent organization and does what he thinks is right. I do agree that monetizing the debt is the wrong thing to do. The only thing that can destroy our country is trying to monetize our debt. Before Obama took office we were losing 700,000 jobs per month. Last month we added 129,000 jobs so it is hard to argue the economy is bad due to Obama.Do people understand what Obama did when he monetized the debt?The question should be "are people dumb enough to think that the massive economic problems brought on by Bush (Remember he signed TARP into law) are the fault of the now outgoing democrats? By the results of the vote last week, the answer is yes...people are that dumb.



...And I am blaming Bush. For that, and for the huge tax cut that passed by 1 vote (thanks cheney), and for the $$$ war! We'd be much better off regarding the deficit without Bush's "help".Do people understand what Obama did when he monetized the debt?
Bush did the same thing. They print OUR money out of thin air and give it to their criminal friends. It also creates inflation and makes our dollars buy less. This is a sneaky tax on the people. Both establishment party's a guilty of stealing the wealth and freedom of our once great nationDo people understand what Obama did when he monetized the debt?The worst part is that in order to pay of the debt we will need inflation. Lots of inflation. That's not a good thing. It will only hurt the consumer. Post World War I Germany found themselves in the same situation regarding paying off the war debt.Do people understand what Obama did when he monetized the debt?
Well, people were dumb enough in 2008 (and still are) to think that the recession that started with the former president was the fault of the incoming president...
Are you saying that Obama put party politics before the good of the nation? Pshaw! How dare you spout such blasphemous nonsense about our Messiah!