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BIG BAILOUT BLUNDER: Why Obama’s “Stimulus” Attempt Has Failed
Sadly, getting after the roots of America’s current economic affliction can be crystallized, in part, by a quote from the movie Dumb and Dumber—in particular, the moment when Harry confesses to Lloyd that he’s “sick and tired of running from creditors.”
With the feds under the Obama administration once again failing in their attempt to solve all our problems simply by printing more money, it’s apparent that the time has come for the United States to likewise face the music.
Like silly men in their flying machines riding a brief gust of wind for an instant before the flaws of their designs become glaringly apparent, the Obama administration has seen its half-baked plan to “stimulate” the economy with massive spending bills and bailouts quickly go from a gasp of success to an inevitable failure in just a few months.
For an expert view on the astoundingly obvious reasons why, an astute reprimand of the government’s naïve effort to spend our way out of debt, and a boot-strap-reality projection on America’s financial road ahead, look no further.
Special Guests brings you CEO of Swiss America, Craig R. Smith and publisher of The International Forecaster, economist Bob Chapman. They’re available individually or as a guest panel to shoot your audience straight when the banks and the feds won’t.
Smith is a no-nonsense businessman and investor who is a master at communicating the complexities of economics in a manner that resonates with people who want the simple truth about the issues that affect them. In this case, he breaks it down quite simply:
“Bailouts don't work. Never have. Never will. Any student of basic Austrian economics understands this, and knows the lingering effects will be disastrous for the U.S. dollar. Unfortunately, every American for generations to come will be penalized—not rewarded—by the actions of our government.”
Chapman is a seasoned economist with a background in U.S. military intelligence and, therefore, augments his finance expertise with a keen eye for the everyday deceptions and manipulations that exist within the inner workings of the global economy.
“The Federal Reserve—that privately-owned entity—is printing money out of thin air to carry out its failed policies on behalf of the Treasury . . . which, incidentally, by September, will have a fiscal budget deficit of $2 to $2.5 trillion. Meanwhile, the revenues are half of that. The monetization at $2.2 trillion net is preposterous. How can any thinking person have trust and confidence in such policies that have perpetually brought us financial instability?”
Needless to say, these observations by Smith and Chapman are just the beginning. Get the straight talk on precisely why the President’s stimulus plan is like throwing water on a grease fire. Call Special Guests today.
ABOUT CRAIG R. SMITH:
Craig R. Smith is an author, commentator and popular media guest because he instantly engages audiences with his common-sense analyses of local, national and global trends. Serving as CEO of Swiss America for over 25 years, Craig understands that Americans want solid answers to the tough questions and that real leadership begins with servanthood. Craig's most recent book is Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil, which he co-authored with WND columnist Jerome R. Corsi.
ABOUT ROBERT J. CHAPMAN:
Bob Chapman is founder and editor of The International Forecaster, a compendium of information on business, finance, economics and social and political issues worldwide. It directly reaches 10,000 investors and brokers every month, while portions of his publication are picked up by 60 other financial publications, resulting in an aggregate number of weekly readers in the range of 10 million investors. Bob spent three years in U.S. Army Counterintelligence, mostly in Europe. He speaks German and French and is conversant in Spanish. He lived in Europe for six years, off and on, three years in Africa, one year in Canada and another year in the Bahamas. Mr. Chapman became a stockbroker from 1960 to 1988. For 18 of those years he owned his own brokerage firm with over 6,000 clients.
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