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Obamanomics: The Illusion of Prosperity

 
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PostPosted: Sun Apr 12, 2009 2:01 pm    Post subject: Obamanomics: The Illusion of Prosperity Reply with quote

The masses have been fooled into believing the 2000s were a failed decade, and fooled again into believing the 2010s will be an improvement.

Throughout the 2000s, the increases in the quantity and quality of output exceeded the rises of inflation, there was enormous capital creation (e.g. through a record 20 consecutive quarters of double-digit U.S. corporate earnings growth, and massive foreign capital inflows), a huge expansion of the real goods market, real asset booms, and a steeper rise in U.S. living standards, that was greater than the 1995-00 superbubble. GW Bush showed how to raise U.S. living standards substantially, and in a structural bear market that began in 2000s.

However, history has been rewritten. Thanks to Obamanomics, after the market clears of excess capital and goods, there will be rising interest rates, accelerating inflation, and greater taxes, or the illusion of prosperity, e.g. through the creation of inefficient jobs.
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