Do You Think We're Stupid?
Our illustrious Communist-In-Chief, Barack Hussein Obama, would like us to believe that he really is concerned about the price we are all (except him) paying for a gallon of gasoline and to illustrate his concerns, he has formed a new working group staffed by officials from the Justice Department, National Association of Attorneys General, the Commodity Futures Trading Commission, the Federal Trade Commission, Treasury Department, Federal Reserve Board, the Securities and Exchange Commission, and the departments of Agriculture and Energy, to investigate and prosecute fraud in the energy markets.
The truth is that there is no indication that there is any fraud or manipulation in the oil market or any of the commodity markets, for that matter. None. Zero. Zip. Nada.
The price of all commodities, not just gasoline, is skyrocketing. Where is the working group to investigate fraud and manipulation of the corn markets; the wheat market, the gold market; the silver market; the copper market; the beef, chicken and pork markets; or the dairy market? Personally, I want to know if my favorite French market, Target, is price gauging on Milkbones, which went up over 15% since my last purchase about a month ago.
We are in the initial stages of hyper-inflation and the causes are actually very simple. Our government is spending approximately 40% more everyday than it takes in and the Federal Reserve Bank is monetizing our debt (printing money and then lending it to us) so that we don’t have to borrow from others. We don’t take in enough money, not because we don’t tax the rich enough, but because over 40% of American 'taxpayers' aren’t 'taxpayers.'
A few weeks ago, C-I-C Obama asked during an open microphone ‘speech,’ “Do you think we’re stupid?” I would like to ask our C-I-C the same question. Unfortunately, he does, and, unfortunately, he is right. There are far too many people in the United States who really believe the crocodile tears Obama is shedding over our high gasoline costs are genuine.
Note to Obama, Reid and Boehner: Don't raise the debt limit. Balance the budget. Stop this insanity before we become Zimbabwe on steroids.
(The first Zimbabwean dollar was introduced in 1980 and replaced the Rhodesian dollar at par - 1 for 1. At the time of its introduction in 1980, the Zimbabwean dollar was actually worth more than the U.S. dollar, with a ZWD 1 = USD 1.47. However, the currency's value eroded rapidly and is now worthless.)
Posted by Rick | April 25, 2011 04:54 PM